Stan Kroenke becomes America's biggest private landowner with 1M-acre New Mexico purchase
Jan 14, 2026
Key Points
- Stan Kroenke purchases 1 million acres of New Mexico ranch land, pushing his total holdings to 2.7 million acres and making him America's largest private landowner.
- The Singleton Ranch acquisition from the H family behind Teladyne marks the largest U.S. land transaction in over a decade.
- Data center operators are driving farmland valuations up to 10 times acquisition cost, fueling billionaire consolidation of real estate for tech infrastructure.
Summary
Stan Kroenke, the billionaire owner of the Los Angeles Rams, purchased approximately 1 million acres of New Mexico ranch land in December. The acquisition of Singleton Ranch from the H family, who control industrial conglomerate Teladyne, makes Kroenke America's largest private landowner with a total of 2.7 million acres—larger than Yellowstone National Park or roughly 2 million football fields. This marks the largest U.S. land transaction in more than a decade.
Farmland has become increasingly attractive to investors as potential data center operators offer prices significantly above acquisition cost, sometimes 10 times the original purchase price. The transaction reflects a broader pattern of billionaire wealth accumulation into real estate and land holdings as technology companies seek sites for infrastructure.