Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

10/29/2012 (1 year ago)

Catholic Online (www.catholic.org)

Brad Kelly just enjoys owning land.

The man with a million acres just likes buying land. Most people barely own their homes, but billionaire Brad Kelly, 55, is one of the largest, and most eccentric landowners in the country.

The reclusive Brad Kelly enjoys owning land and raising exotic animals for conservation.

The reclusive Brad Kelly enjoys owning land and raising exotic animals for conservation.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

10/29/2012 (1 year ago)

Published in U.S.

Keywords: Brad Kelly, land, ownership, ranches, west


LOS ANGELES, CA (Catholic Online) - Recently featured in the Wall Street Journal, Kelly made his fortune in the discount cigarette business. Ironically, he says he "never defended the practice" and that he doesn't smoke. However, the self-made billionaire has made his fortune from the industry. 
Kelly was born in Franklin, Kentucky, and bought a small cattle ranch when he was just 17. He never completed college, but he did have a head for business. 

When he noticed old tobacco warehouses sitting empty, he bought them and leased their space to other small businesses and manufacturers. While cleaning out one old warehouse, he found some cigarette-making equipment. This gave him the idea to make cigarettes.

Kelly started Commonwealth Brands based in Bowling Green, Kentucky. He built the business up, then sold it in 2001. 

Meanwhile. Kelly continued investing in land. In 1997, he began buying land outside of Kentucky, looking to Florida and Texas for undervalued parcels. 

As Kelly's land holdings grew, he took up a new hobby - breeding exotic animals. Working with zoos and conservation groups, Kelly breeds a wide range of endangered species including tapirs, buffalo, hippos, rhinos, and more. 

His strategy is certainly about making money, but he isn't a speculator. Kelly keeps almost all of the land he buys, often renting it back to the previous owner who stays on to manage it. Most of the land he buys is ranch land. 

He denies that there has been any plan in buying the land, other than to preserve and enjoy it. "There's never been a grand plan," Kelly told the WSJ. Life takes you a lot of places, every day you adjust your compass."

Land ownership is becoming an increasingly popular investment strategy, especially for those with large reserves of wealth. Billionaire land owners frequently purchase land in the American west where it is relatively cheap, and where people are likely to move in future generations as they escape the urban sprawl of the east. 

What will become of this land is up for speculation. Some parcels will certainly be sold and become part of the mix of cities and towns that exist now or will thrive in future years. Others will hopefully be preserved for generations, becoming private or even public parks and reserves for the public to enjoy. 

For Kelly however, the land buys are mostly about enjoyment and personal satisfaction. "I fell in love with the West; the wide-open spaces, the wildlife and beautiful landscapes. I knew immediately that I wanted more land-and lots of it." It's a common allure to which many have succumbed.


---


Pope Francis: end world hunger through 'Prayer and Action'


© 2014 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for October 2014
Peace:
That the Lord may grant peace to those parts of the world most battered by war and violence.
World Mission Day: That World Mission Day may rekindle in every believer zeal for carrying the Gospel into all the world.



Comments


More U.S.

Guns Do Not Have Rights, People Do. Legitimate Self Defense is One of Them

Image of Guns have no rights, only people do.Yes, one of them is the Right to Self Defense - and the Right to defend your neighbor. You may ask,

By Keith A. Fournier

We live in a precarious time in the United States of America. Many of us are deeply concerned about the effort to infringe upon the fundamental rights which were delineated in the Bill of Rights to the United States Constitution. I have written extensively about ... continue reading


Guest Commentary by Ken Blackwell: Houston's Mayor is Endangering Civil Rights

Image of Ken Blackwell

By Ken Blackwell

In Houston, Texas, we have seen a bizarre twist on traditional Civil Rights play out. The Mayor of Houston, Annise Parker, has been waging an uncivil war on people who oppose the far-reaching homosexual rights ordinance she powered through the City Council. That ... continue reading


Suspected Indiana serial killer foiled by text messages Watch

Image of Darren Deon Vann is suspected in the death of a woman in Hammond - and possibly six more in neighboring Gary, possibly even more.

By Catholic Online (NEWS CONSORTIUM)

Darren Deon Vann told Indiana Police he "messed up" and expressed surprise that he was found so quickly, in the biggest understatement in recent memory. Vann is suspected in the death of a woman in Hammond - and possibly six more in neighboring Gary, possibly ... continue reading


United States developing quick-strike team to deal with Ebola Watch

Image of The U.S. Ebola strike team will include five doctors, 20 nurses and five trainers, Pentagon press secretary Rear Adm. John Kirby said in a statement.

By Catholic Online (NEWS CONSORTIUM)

In response to the crisis in Dallas, the United States is developing a 30-person "quick-strike team" in order to attend to the needs of Ebola patients within the U.S. The team will be under orders to deploy within 72 hours at any time over the next month. The ... continue reading


After 21 days, the family of Thomas Eric Duncan are Ebola free Watch

Image of Thomas Eric Duncan's family, including his fiancee and her son and nephews, are nearing the end of their 21 day quarantine. So far, none of the four have developed Ebola like symptoms.

By Catholic Online (NEWS CONSORTIUM)

The fiancee of Thomas Eric Duncan-the first man diagnosed with Ebola in the United States-is nearing the end of a 21 day quarantine, and she and her son and two nephews are grateful that this period is coming to an end. LOS ANGELES, CA (Catholic Online) - If ... continue reading


Supreme Court backs Texas' war on voter fraud Watch

Image of The U.S. Supreme Court has backed a 2013 Texas law that requires voters to show ID before they submit a vote.

By Catholic Online (NEWS CONSORTIUM)

The U.S. Supreme Court has given Texas the go ahead for a law that requires voters in the state to show certain forms of identification before they are able to cast a ballot. LOS ANGELES, CA (Catholic Online) - The October 18 decision came from a majority of ... continue reading


Father Peter M. J. Stravinskas on the Synod on the Family: Duc in Altum

Image of Lorenzo Lotto's depiction of the Holy Family's rest on the flight into Egypt.

By Father Peter M. J. Stravinskas, Ph.D., S.T.D.

Christians today in most parts of the world find themselves in a world much like the one inhabited by the first Christians - rampant sexual license, abortion, contraception, family break-down.  Those early Christians took a counter-cultural stance, echoing ... continue reading


(Video) Nina Pham's incredible goodbye will bring you to tears Watch

Image of Supporters of Nina Pham, the nurse who was infected with Ebola at Texas Health Presbyterian hospital.

By Catholic Online (NEWS CONSORTIUM)

Texas Health Presbyterian Hospital has released a video which shows the goodbye between Ebola-patient Nina Pham and her doctor, as she leaves Dallas for treatment in Maryland. LOS ANGELES, CA (Catholic Online) - The 26-year-old nurse was infected with Ebola after ... continue reading


(Video) South Carolina's shocking SHARKNADO! Watch

Image of A rare shark feeding frenzy was caught on video in North Carolina, as hundreds of sharks attacked a school of Blue Fish.

By Catholic Online (NEWS CONSORTIUM)

An amazing video has appeared on YouTube which shows 100 of sharks engaged in a feeding frenzy just feet from the shore in Cape Lookout, North Carolina. LOS ANGELES, CA (Catholic Online) - The bizarre video was taken on October 9, but was not made public until ... continue reading


Fed takes in record of over $3 trillion in taxes Watch

Image of A Treasury Department report has revealed that the U.S. government has taken in a record amount of tax revenue for the 2014 fiscal year, at over $3 trillion.

By Catholic Online (NEWS CONSORTIUM)

The latest Monthly Treasury Statement has showed that inflation-adjusted federal tax revenues and tax revenues have reached their highest point even as of the 2014 fiscal year. LOS ANGELES, CA (Catholic Online) - The inflation-adjusted tax revenue reached ... continue reading


All U.S. News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Daily Readings

Reading 1, Ephesians 3:2-12
2 You have surely heard the way in which God ... Read More

Psalm, Isaiah 12:2-3, 4, 5-6
2 Look, he is the God of my salvation: I shall have ... Read More

Gospel, Luke 12:39-48
39 You may be quite sure of this, that if the ... Read More

Saint of the Day

Saint of the Day for October 22nd, 2014 Image

St. Pope John Paul II
October 22: Karol J. Wojtyla, known as John Paul II since his October 1978 ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter