While Bill Gates and Jeff Bezos pour money into agricultural land and forest land, Mark Zuckerberg also invests heavily in cow farms.
Business Insider (BI) said that Mark Zuckerberg of Meta (Facebook) is becoming a cowboy, herding cows and giving them beer.
In fact, CEO Mark Zuckerberg bought a farm in Hawaii as an investment to shelter assets, while also serving a new hobby for this founder. Here, the cows will drink beer as part of their food regimen for the day.
This information was shared by Mark Zuckerberg in a recent post with his photo on Instagram.
“We started raising cattle at Ko’olau Ranch on Kauai and my goal is to produce the highest quality beef in the world. Wagyu and Angus cows will be fed macadamia powder and Drink beer grown and produced by the farm itself. We want the entire production process to be vertically closed and completed on-site. Each cow consumes about 5,000-10,000 pounds of food per year and controls That’s the equivalent of many acres of land planted with macadamia trees. My daughters have been helping with the macadamia planting as well as caring for the animals. We’re still at the beginning of our project journey and it’s exciting to see “I see them gradually improving each season. Of all the projects, this is the most ‘tasty’ project,” Mark Zuckerberg posted with a photo of him eating dinner next to a plate of beef.
According to beef producers, the Japanese Wagyu breed is sometimes given beer to stimulate appetite.
Meanwhile, Forbes said Mark Zuckerberg spent more than $100 million to buy 799 acres of land in Kauai-Hawaii in 2014 and then bought an additional 600 acres in 2021 for $53 million. Next, the Facebook founder also bought 110 more models the same year to satisfy his hobby of raising cows.
Mark Zuckerberg’s real estate in Hawaii is now up to 1,500 acres, including a large beach.
Wired newspaper reported in December 2023 that the billionaire plans to build a huge complex, including a 5,000-foot (1,524 m2) nuclear bulletproof bunker.
However, some conspiracy theories believe that Mark Zuckerberg’s move is just following Bill Gates or Jeff Bezos in putting money into real estate to shelter assets and avoid losing value in the face of inflation or crisis risks. .
According to this year’s “The Land Report” ranking, billionaire Bill Gates ranks 42nd in terms of land ownership in the US with 275,000 acres. Meanwhile, Amazon founder Jeff Bezos ranked 25th with 420,000 samples.
Bloomberg news agency said that the rich are looking for safe havens to prevent inflation. As a result, countless capital sources have been poured into agricultural land and related real estate recently.
Mark Zuckerberg’s family estate in Hawaii
USDA data shows that this reason has caused agricultural land prices in the US to increase by 8.1% in the past year, previously increasing by more than 33% in 2020.
In addition, the increase in food demand as well as inflation, attention to rare resources or entertainment needs, and investment returns from Western farms also cause the price of American agricultural land to increase.