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When one thinks of tremendous wealth, the agricultural industry might not be the first thing that comes to mind. However, there are people who have managed to transform farming into a business that is worth one billion dollars. It is not enough for these agricultural tycoons to just cultivate crops or raise cattle; they are also responsible for managing intricate operations, making use of technology, and exerting influence over the international food market. Despite the fact that it is difficult to compile a thorough list of the wealthiest farmers due to the fact that certain agricultural firms are privately owned, the following are some of the names that are constantly found on top lists.
Top 10 Richest Farmers In The World 2024 List
1. Liu Yonghao
Liu Yonghao, who is already considered to be one of the wealthiest people in China, has now surpassed his brother Liu Yongxing to become the richest farmer in the entire world. Liu began his career in the poultry and quail farming industry as a business partner with his brother. Today, he occupies the position of chairman of New Hope Group. There are over 70,000 individuals working for the company, and it has over 600 subsidiaries spread out across thirty nations. He is one of the richest people in China.
2. Stewart and Lynda Resnick
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There are two American billionaires: Stewart Resnick and Lynda Resnick. Over the course of 2018, Stewart Resnick was the most prosperous farmer in the United States.
Whether it be grapefruits in south Texas or almonds and oranges in the Central Valley of California, Stewart and Lynda Resnick owe their billions to the provisions that nature has provided for them through agriculture. Each and every one of their items is purchased by over half of all Americans. As of the year 2021, this has resulted in them having a net worth of $7.1 billion.
3. Liu Yongxing
Liu Yongxing is regarded among the richest people in China. He was ranked 18 on Forbes China Rich list with a net worth of $6.6 billion as of 2021, which also makes him the richest Shanghai resident. Along with his brothers, Liu Yongxing started a small farm of chickens and quails in the 1980s. The agricultural sector of the East Hope Group is focused mainly on producing animal feed with over 100 variety of products.
4. Harry Stine
He is the brain behind Stine Seed, a successful genetics company. He grew up a farm just outside of Des moines and started his seed breeding business in the 1960s. Stine seed is the largest private seed company in the world. He is also the richest man in Iowa with a net worth of $5.2 billion as of 2021. From his father’s farm, Stine became fascinated with seeds when he was a boy growing up in Iowa. He started farming at just five years old, driving a tractor to pick up straw bales.
5. Vadim Moshkovich
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Vadim Moshkovich is chairman of agro-industrial firm Rusagro, a big manufacturer of pork and sugar. Moshkovich started out selling apartmemts, vodka and oil in the early 1990s. He later invested in land and created Rusagro. Rusagroowns more than 60,000 acres of land and sellsil its products in more than 15 countries and 80 Russian regions. This has given him a net worth of $2.7 billion. He is also known for his philanthropic activities. He is the founder and top shareholder of Russia’s Rusagro.
6. Fu Guangming
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Fu Guangming is the chairman of Fijian Sunner Development, which supplies chicken to KFC in China. He shares his fortune with daughter Fu Fenfang, a company director. Fu Guangming have a net worth of $1.95 billion as of 2021. 1 see 2 billion if he keeps up what he’s been doing in the past years.
7. Tony and Ron Perich
The Perich family has a dairy farm that Tony and his brother Ron Perich have inherited from their parents. Since its establishment in 1951 with only 25 cows for milking, the farm has grown to include over 2,000 cows and encompasses an area of 11,000 hectares. More than 12,500 house lots in Western Sydney have been sold by their Greenfield’s Property Development Company, which is responsible for more than half of their wealth.
8. Blairo Maggi
Blairo Maggi is the son of the late Andre Maggi, a prominent figure in Brazilian agribusiness who established the Andre Maggi Group, the largest private soybean grower globally. With holdings in rubber production, energy, fertilizers, and transportation, Blairo holds slightly more than sixteen percent of the company. Blairo was elected governor of the soybean-producing state of Mato Grosso in 2002. He has a $1.15 billion net worth. He is the world’s largest private soybean producer.
9. Bao Hongxing
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Jinxing Agricultural University was the institution where Chinese farmer Bao Hongxing received his education in agricultural science. After receiving his degree, he began his own farm unit by selling pig feed. He did this because he observed that the need for pig feed was increasing in the Chinese market.
10. Colin and Dale Armer
The most successful dairy producers in New Zealand are the Armer brothers, Colin and Dale. It is a dairy business that is owned and operated by the Armer family. Through the implementation of a farming strategy that is focused on high pasture utilisation, Colin and Dale Armer have expanded the group from its beginnings as a share milking operation to include fifteen dairy farms and three support blocks that milk around fourteen thousand cows. The combined wealth of Colin and Dale is estimated to be about $750 million at the moment.