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Category: conservation

Swiss Billionaire Puts $35 Million into Montana Conservation

Posted December 30, 2010

A Swiss billionaire enamored with the wild landscapes of the American West has donated $35 million toward one of the largest private conservation land purchases in U.S. history.

Philanthropist Hansjorg Wyss told The Associated Press that he wanted to build a natural legacy people still could enjoy in 100 years. His donations to the Trust for Public Land and Nature Conservancy helped fund the recent purchase of 310,000 acres of timber land in Montana. The land is being transferred to the U.S. Forest Service and Montana’s Fish, Wildlife and Parks Department.

Wyss’s fortune estimated by Forbes magazine at $6.1 billion came largely from Synthes, the medical devices company he ran for three decades and still oversees as chairman.

He has donated to a large range of causes, with the largest single gift apparently a $125 million donation two years ago to create a bioengineering institute at Harvard University.

In an exclusive interview with the Associated Press, Wyss 75, said he first became enamored of the Rocky mountains as a college student who toured the region in 1958. “Look at these beautiful landscapes,”  Wyss said. “There was controversy when Yellowstone National Park was created and when they declared the Grand Canyon as a National Monument. But there are places in the US that must be protected”.

Many billionaires and megamillionaires have come to Montana and decided to claim a piece of it as their own – from media mogul Ted Turner and software entrepreneur Tom Siebel, to former Defense Secretary Donald Rumsfeld, who have all purchased ranches in the state.

Source: The Associated Press • December 12, 2010; Livingston Enterprise

Sun Ranch near Yellowstone National Park SOLD

Posted February 3, 2010

The Montana Ranch market shows optimism in spite of economic downturn…

Source:  Daily Chronicle, written by By DANIEL PERSON Chronicle Staff Writer
The sprawling Sun Ranch in Madison County, which became a model for sustainable land management under the ownership of millionaire Roger Lang, has been bought by the CEO of a multinational mining company.

Sun Ranch Partners purchased the 18,500-acre ranch near Cameron on Friday, Madison County Clerk and Recorder Peggy Kaatz said Monday. According to information filed with the Secretary of State’s office, Sun Ranch Partners is managed by Richard C. Adkerson, CEO of Freeport-McMoRan Copper & Gold. Sun Ranch Partners was created on Jan. 21, according to the Secretary of State.

Adkerson, 62, has held his position with the mining company since 2003, and is listed as one of the highest paid executives in America by Forbes and Fortune magazines. He is also listed by Business Week as the director of FM Properties, Inc., a real estate investment and development company.

Former-owner Lang purchased the ranch from actor Steven Seagal in 1998 and put the property under a unique management plan meant to promote wildlife and open space on the riverside property while continuing ranch operations. He put a vast majority of the ranch under a conservation easement, then carved out 10 home lots and put them on the market for between $5 million and $8 million. It was an idea he hoped could make conservation profitable and lead to 1 million acres being put under conservation over the next 10 years, he told the Chronicle in 2008.

But last April Lang switched gears and put the ranch on the market for $55 million. He told the Chronicle that the economic downturn led him to try to sell the ranch, with the conservation easements in place, and use the money to buy new land. As of last Friday, the sale price for the ranch was listed at $42 million.

“I’ve achieved what I’ve wanted to do there,” Lang told the Chronicle last year. “It’s 98 percent under conservation easement, so I feel very, very good about that.”

Adam DeFanti, vice president of marketing for Sun Ranch, told the Chronicle at the time that the purchase would not affect conservation easements in place.
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For information about  Montana Ranches for sale, please contact Tracy Raich, Associate Broker Sotheby’s International Realty in Livingston Montana: tracyraich.com

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