Escape The Collapse? Billionaire Buys 5,000 Acre Farm Near Jackson Hole

05-05-2023

In the event of a societal collapse or a banking crisis escalating into a financial meltdown akin to 2008, some billionaires own vast amounts of farmland around the world, which serves not only as a hedge but also provides spacious retreats for them to take refuge.

Despite a US housing market that has frozen for average folks after a record-breaking run in mortgage rates and home prices still at elevated levels, triggering the worst affordability in a generation, billionaires are still making moves.

The latest is billionaire industrialist Steven Rales, who recently purchased "Diamond G Ranch," a property that spans 5,000 acres and is located 90 minutes east of Jackson Hole, for a whopping $71 million, according to The Wall Street Journal, citing property records.

https://www.zerohedge.com/markets/escape-collapse-billionaire-buys-71-million-farm-near-jackson-hole