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Chinese Billionaire Is Second-Biggest Foreign Owner of US Land

  • Chinese billionaire Tianqiao Chen, known for his success in online gaming, is now the second-largest foreign landowner in the US, with 198,000 acres of Oregon timberland.
  • Chen's investments also include philanthropy, with donations to the California Institute of Technology and ownership of luxury properties in New York and California.
  • Chen purchased the land in 2015 for $85 million, becoming the 82nd-largest property owner in the US. The average value of US cropland increased by 8.1% in 2023.
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landreport.com broke the news in on Monday, January 8, 2024.
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