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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.