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Chinese Billionaire Named as One of America’s Biggest Landowners
A Chinese national who made his fortune from online gaming has emerged as one of the most significant non-American holders of land in the US. Chen Tianqiao owns 198,000 acres (80,127 hectares) of Oregon timberland, making him the country’s 82nd-largest property owner, according to the Land Report’s latest ranking. Chen, 50, acquired the acreage from Fidelity National Financial Ventures for $85 million in 2015. Oregon tax records last month disclosed the name of the beneficial owner as Shanda Asset Management, the same moniker as Chen’s Singapore-based holding group. His Oregon property makes him one of the ... (full story)