Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

10/29/2012 (2 years 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 (2 years 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'


Copywriter 2015 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for June 2015
Universal:
That immigrants and refugees may find welcome and respect in the countries to which they come.
Evangelization: That the personal encounter with Jesus may arouse in many young people the desire to offer their own lives in priesthood or consecrated life.


Rosaries, Crosses, Prayer Cards and more... by Catholic Shopping .com


Comments


More U.S.

On this Fourth of July, We Need a Declaration of Dependence Watch

Image of The real promise of the Declaration of the Declaration of Independence now cries out for those who believe in its promise to stand up for its true meaning and work to restore the unique experiment in ordered liberty which it offers for future generations.

By Deacon Keith Fournier

The Declaration of Independence was the birth certificate of the United States of America, a Nation often called the American Experiment because of the very fact that it was founded upon principles. The words are still memorized by schoolchildren and can bring a ... continue reading


Learning from the Wonderful Witness of 'Doubting' Thomas Watch

Image of Thomas the doubter became the Thomas the model believer, an example for each one of us. He is a great beacon of light for all of us as we cry out with him, MY LORD AND MY GOD!

By Deacon Keith A Fournier

What conclusion, dear brethren, do you come to? Surely it was not by chance that this chosen disciple, was missing in the first place? Or that on his return he heard, that hearing he doubted, that doubting he touched, and that touching he believed? It was by ... continue reading


Catholic Church in U.S. has weathered adversity before - and will emerge triumphant, historian says Watch

Image of As bishops warn of current threats to religious liberty in the United States, Catholics can take heart that such challenges have faced them before, and they have persevered, one Church historian says.

By Matt Hadro, CNA/EWTN News

As bishops warn of current threats to religious liberty in the United States, Catholics can take heart that such challenges have faced them before, and they have persevered, one Church historian says. Washington D.C. (CNA/EWTN News) - "It's okay to realize that ... continue reading


After same-sex unions legalized, polygamous Montana trio demands same Watch

Image of The 46-year-old Nathan Collier owns a refrigeration business in Billings. He married 40-year-old Victoria in 2000. His second wife, Christine, was wed in a religious wedding ceremony in 2007 without a marriage license in order to avoid bigamy charges.

By Catholic Online (NEWS CONSORTIUM)

It was bound to happen. After the Supreme Court ruled same-sex unions legal in all 50 states, other proponents of non-traditional arrangements are clamoring for equality under the law. Nathan Collier, along with his wives Victoria and Christine have applied at ... continue reading


350-pound dolphin accidentally lands on cruise ship severely injuring woman Watch

Image of

By Talia Ramos (NEWS CONSORTIUM)

To kick off the summer break and celebrate Father's day, a family went aboard a cruise that ended with a traumatizing accident. As the cruise started to sail back to the harbor, a group of dolphins started to swim alongside the boat. However, as the passengers started ... continue reading


Episcopalians overwhelmingly vote to let same-sex weddings in churches Watch

Image of Episcopalians voted overwhelmingly this week to allow religious weddings for same-sex couples.

By Catholic Online (NEWS CONSORTIUM)

Episcopalians voted overwhelmingly this week to allow religious weddings for same-sex couples. The Episcopal Church has long been on the forefront of equal rights for homosexuals, ever since electing it first openly gay bishop 10 years ago.  LOS ANGELES, ... continue reading


TERROR LEAK: ISIS learns of FBI command centers across U.S. for Fourth of July Watch

Image of One such likely ISIS candidate, 23-year-old Alaa Saadeh, was believed to be part of a group interested in detonating a pressure cooker bomb at a New York landmark.

By Catholic Online (NEWS CONSORTIUM)

It appears that an important bit of counter-terrorism may have landed into the wrong hands. The Federal Bureau of Investigation, or FBI is installing command centers around the nation to prepare for possible terror attacks for the coming Fourth of July holiday ... continue reading


Remaining U.S. troops in Afghanistan 'feel forgotten' Watch

Image of Several US Troops felt abandoned and forgotten by the US government

By Linky C. (NEWS CONSORTIUM)

A total of 10,000 American troops remain in Afghanistan. These troops believe they have been forgotten by the Obama administration, as the US Government shifts its attention to ISIS. MUNTINLUPA, PHILIPPINES (Catholic Online) - The US Troops, 10,000 men and women left ... continue reading


Risk for massive earthquake in California increases as scientists find dangerous helium coming from fault zone Watch

Image of

By Talia Ramos (NEWS CONSORTIUM)

Researchers recently discovered helium leaking from a giant fault in the Earth's crust near Los Angeles, as well as discovering an increase in chance for California to have an 8.0 magnitude earthquake. MUNTINLUPA, PHILIPPINES (Catholic Online) - They did not expect the ... continue reading


United States prepares for Fourth of July amidst threat of ISIS attacks Watch

Image of The U.S. Government prepares for possible terrorist attacks this coming Independence Day celebration in the U.S.

By Linky C. (NEWS CONSORTIUM)

Three days before the United States' Independence Day, the FBI has already began setting up command centers in all of the 56 field offices across the country prior to the fourth. The U.S. Government is preparing for possible terrorist attacks and terrorist threats that ... 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, Genesis 27:1-5, 15-29
1 When Isaac had grown old, and his eyes were so weak ... Read More

Psalm, Psalms 135:1-2, 3-4, 5-6
1 Alleluia! Praise the name of Yahweh, you who serve ... Read More

Gospel, Matthew 9:14-17
14 Then John's disciples came to him and said, 'Why ... Read More

Saint of the Day

Saint of the Day for July 4th, 2015 Image

St. Elizabeth of Portugal
July 4: Elizabeth was a Spanish princess who was given in marriage to ... 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