Media Mogul John Malone is the Largest Land Owner in U.S.

Media Mogul John Malone is the Largest Land Owner in U.S.

Posted on 13. Oct, 2011 by in News

With Ted Turner a close runner up, John Malone is be the largest land owner in the United States. John Malone lives in Colorado and is chairman of Liberty Media which owns shares in the cable channel QVC, Expedia.com, Sirius XM satellite radio, and the Atlanta Braves baseball team. John told The Land Report that he was able to make major real estate purchases this year due to the drop in land prices and the inexpensive borrowing that he was able to qualify for.

John owns a total of 2,200,000 acres in U.S. including land in New Mexico, Colorado, and Wyoming where he raises horses and cattle. His largest purchase of land was almost 1 million acres of timberland in Maine and New Hampshire. In this area he intends to continue to supply wood to local paper mills. “John Cashwell, a consultant in Maine who is helping with the transaction, said the land came with a long-term wood-supply contract with Verso paper mills.”

Environmentalists are optimistic that John will manage the property responsibly by keeping it protected and open to the public for recreation. The land is made up of rolling hills with green spruce and fir trees, as well as maple and birch trees. “It is bisected by salmon rivers and dotted with lakes filled with brook trout and smallmouth bass and is home to moose, bears and lynx.”

Source: http://realestate.aol.com/blog/2011/10/13/john-malone-media-mogul-now-largest-landowner-in-america/
http://www.nytimes.com/2011/01/29/us/29land.html

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