Chen Tianqiao is second-biggest foreign owner of US land


Key Topics in this News Article:

News Snapshot:

A Chinese billionaire credited with pioneering the online video gaming industry has become the second-biggest foreign owner of US land thanks to his nearly 200,000 acres of Oregon timberlands. Chen Tianqiao, 50, acquired the huge tracts in Oregon from Fidelity National Financial Ventures for $85 million, or about $430 per acre, in 2015, according to the Land Report, which lists the Chinese-born, California-based businessman as the 82nd-largest property owner in America. Despite the nearly decade-old purchase, the publication only added Chen to its Top 100 Landowners list this week. Chen’s trails only Canada’s Irving family in foreign ownership on the...