When you say “farmer”, you usually think of a person who spends most of their time in the field, trying to get the best crops even when the elements are against them. Top 8 Richest – But in the landscape of modern agriculture, new technologies are fostering the development of successful farms in business.
Top 8 Richest –
There are farmers who have managed to achieve outstanding performances in this field. Their accomplishments allow them to rank among the world’s richest people. The richest farmers in the world may not spend all day in the field, but they’re always in the office, coordinating their businesses.
1. Liu Yongxing –
Along with his brothers, Liu Yongxing started a small farm of chickens and quails in the 1980s, becoming over the decades one of the richest people in China, with a fortune estimated at $ 6.6 billion.
He formed the East Hope Group in the early 1990s after parting ways with his other three brothers. All the siblings launched their own agribusiness companies, with both Liu and his brother Liu being ranked on Forbes’ richest list. The East Hope Group operates in agriculture, real estate and heavy industry. In the agricultural industry, the company is focused mainly on producing animal feed, with a product range of more than 100 product Interestingly enough, although all the people on this list are millionaires or even billionaires, all making their fortune from farming, none of them owns any of the Biggest farms in the world. Nevertheless, it’s worth appreciating that, with a few exceptions, all the people on this list are self-made millionaires who had the courage to invest their money and time in the agricultural industry, facing a very strong competitive environment.
2.Stewart and Lynda Resnick –
The largest part of the Resnick family fortune, estimated at $ 4.2 billion comes from the pistachios and almonds grown on their 64,000 acres farm in California. They invested more than $ 100 million in sustainable technologies, to create drought resistant pistachios, to adapt to the ongoing drought in California during recent years.
Their farming business started in the late 1970s, after they got married, when Stewart Resnick decided to invest in large swaths of farmland in the California Central Valley. Today, the products of their company, Wonderful Company are purchased by nearly half of the Americans. The product ranges includes mandarin oranges, Fiji water or POM Wonderful.
From almonds & oranges in California’s Central Valley to grapefruits in South Texas, Stewart & Lynda Resnick owe their billions to nature’s bounties.
Nearly half of all Americans purchase one of their products, including Halos mandarin oranges, POM Wonderful and Fiji Water.
In September 2019, they pledged $750 million to the California Institute of Technology for climate change crisis research.
Stewart bought his first farmland parcel in California in 1978 as a hedge against inflation, thus beginning their agricultural empire.
A gifted marketer, Lynda dropped out of college at 19 to start her own ad agency. Stewart hired her to work for his janitorial business.
They own a majority stake in the Kern Water Bank, one of California’s largest underground water storage facilities.
3. Liu Yonghao –
Liu Yonghao is one of the richest people in China, with a fortune estimated by Forbes in 2016 at $ 4.1 billion, built initially on a chicken and quail farm that he founded with his brothers.
Liu began his career as a teacher at a technical school. In 1982, he decided to start his own business, together with his three brothers. To raise money and finance the business idea, the four sold their bikes and watches, managing to get about 120 dollars, the working capital to start a business. The brothers invested their money in purchasing and rearing quails and chickens and sell them to farmers the largest non-governmental conglomerates in the country. In 1996, the four brothers split their agricultural empire. Liu renamed his business the New Hope company is now one of the largest agricultural companies in China. In 2013 he ceded the reins of the business to his daughter, Liu Chang, but has retained a place on the company board.
the longtime chairman of New Hope Group, which has nearly 70,000 employees and more than 600 subsidiaries in 30 countries.
His daughter Liu Chang replaced him as chairman of the group’s animal feed arm New Hope Li, one of China’s largest agribusiness firms, in 2013.
In the U.S., New Hope owns stakes in Lansing Trade Group, a feed and raw materials trading company, and food processing outfit Rup.
New Hope Group also has interests in real estate and chemicals.
5. Harry Stine –
Ranked by Forbes Magazine the richest man in the state of Iowa in 2015, Harry Stine is the brain behind Stine Seed, a successful genetics company. He has an estimated worth of about $ 3.6 billion.
Harry Stine grew up on a farm just outside of Des Moines and started his seed breeding business in the 1960s. Suffering from dyslexia and mild autism, Stine is a savant when it comes to data and math. Stine Seed is the largest private seed company in the world, creating some of the most genetically robust soybean seeds.
- Farm boy turned seed-genetics savant Harry Stine has made a fortune licensing corn and soybean genetics to multinationals like Monsanto and Syngenta.
- Stine founded and runs Stine Seed; his current obsession is tinkering with seed genetics that allow for better yields or pesticide resistance.
- The son of a hardscrabble farmer, Stine became fascinated with seeds when he was a boy growing up in Iowa.
- 5.Blairo Maggi –
You could say that Blairo Maggi has the agricultural business in his blood, as he is the son of Andre Maggi, who founded Andre Maggi Group, the largest private soybean producer in the world. The group reported sales of $ 3 billion in 2012, ensuring a spot for Blairo Maggi on Forbes’ richest men in the world.
The Andre Maggi Group is led by Andre’s wife Lucia, but Blairo Maggi owns more than 16% of the group. The company has interests in fertilizers, energy, rubber extraction and transportation.
Blairo Maggi was elected governor of the Mato Grosso state in Brazil in 2002. Mato Grosso is practically a haven for soybean production. Now, he is senator representing the state of Mato Grosso, lobbying for the carbon compensation market, to prevent farmers from cutting down forests.
- He started farming at just five years old, driving a tractor to pick up straw bales.
- Stine, who is dyslexic and mildly autistic, is also a math and data wiz and a formidable negotiator.
- In the 1990s he struck highly lucrative licensing deals with large multinational corporations across the globe, which form the backbone of his empire.
6. Tony Perich –
Tony Perich and his brother inherited a dairy farm from their parents. The farm was founded in 1951, starting with 25 milking cows. Today, the farm owns more than 2000 cows and has stations in West Wyalong and Trangie in Australia, where the company grows grains and rears stock. Tony Perich’s net worth is estimated at $ 750 million.
7. Colin and Dale Armer –
The Armer family has secured a spot on the list of the richest people in New Zealand, thanks to their highly successful dairy farm. They own the Dairy Holdings, the largest dairy farming conglomerate in New Zealand worth approximately $ 535 million.
Colin and Dale Armer started their business a family owned dairy farm in the 1990s, but now the group owns and operates 58 dairy farms in the South Island, along with supporting grazing blocks for the cows.
He’s donated to numerous Iowa institutions, including McPherson College, Drake University and Spurgeon Manor, a skilled nursing facility for seniors.
8.Howard Buffett –
Howard Buffet is active in various fields, from business and politics, to agriculture, conservation and photography. He is the middle son of billionaire Warren Buffet.
After dropping out from 3 colleges, Howard Buffet decided to become a corn and soybean farmer. He oversees a large family farm in Illinois and several farms in Nebraska, together with his son. He also oversees three research farms in Arizona, Illinois and South Africa. Howard Buffett takes pride in sustaining his farms without the aid of the Buffet family fortune, his own worth being estimated at $ 200 million.
What lesson(s) have you learnt from these farmers about farming, agribusiness, etc.? Let us know in the comment box.
who, despite being worth about $60 billion, has lived for 58 years in that same relatively modest house, for which he paid $31,500 in 1958—once told Fortune magazine that he intended to leave his three children “enough money so that they would feel they could do anything, but not so much that they could do nothing.” He added that “a few hundred thousand dollars” sounded about right. Providing children with “a lifetime supply of food stamps just because they came out of the right womb” was “harmful,” he said—“an antisocial act.”
For a long time, in response to charges that he was ungenerous, Buffett argued that society was best served if, instead of giving away his money during his lifetime, he carried on compounding it, year after year, to maximize the amount that could be given away when he died. Eventually, he had a change of heart. Perhaps it was age that made the difference. Perhaps, as some people believe, it was the death of his wife, Susan Thompson Buffett, in 2004, that inspired his benevolence.
Whatever the reason, on June 25, 2006, when he was 75 years old, Buffett made a stunning announcement: He would give away 85 percent of his fortune, gradually, in the form of shares in Berkshire Hathaway, the vast holding company that he controls. Buffett’s pledge—valued then at $37
billion—was the largest philanthropic gift in history. As a point of comparison, Andrew Carnegie gave away $350 million, equal to about $5 billion today.
The money would not be spent inscribing Buffett’s name on this or that important building. Instead, most was pledged to the Bill & Melinda Gates Foundation. Some went to the Susan Thompson Buffett Foundation. The balance was pledged to foundations established by Buffett’s three children: Susie, Howard, and Peter. Each would receive shares worth $1 billion at the time. None of the children had ever imagined that their father would relinquish such a sum, certainly not while he was alive.
Six years later, to celebrate his 82nd birthday, on August 30, 2012, Buffett announced that he was giving roughly another 12 million Berkshire Hathaway Class B shares to each of his children’s foundations. “He calls my sister up,” his son Howard recalls. “He’s talking to her, and he just said, ‘How do you think your brothers would feel if I put another billion dollars into the foundations?’ And she was like, ‘Yeah, that sounds okay.’ I mean, he’s like that. He gets an idea, and if he likes it, he does it. So he just did it.”
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