Lauchlan Leishman of Berkeley Capital Group has brought information about the most lucrative land deals in the history of mankind. There are various properties in the world that have stellar valuations. Some of the well known ones are Antilla building of Mumbai with the valuation of $2 billion, Penthouse in London with the valuation of $200 million, and many more. However, the properties mentioned in his article will make these properties look miniscule.
The top 2 deals are mentioned here:
1. Alaska
In the year 1867, Alaska was purchased by the U.S. from Russia. Till date, this is considered to be the largest ever land deal in the history of mankind. Crimean War between Russia and Britain made the former out of gear. This is when Russia thought about selling Alaska to Britain. Russia was forced to sell it to avoid another Crimean War. Russia sold Alaska at $7.2 million to the U.S. If the valuation of sell is calculated on a per acre basis, then the sell price per acre was two cents.
Now, let us check what this chunk of land will value at present date. The total area of Alaska is 375 million acres or 586,412 square miles. If per acre of the land costs $100, the entire tract of land will cost over $37 billion. This should be mentioned here that the real valuation of Alaska is much more than the one mentioned above. It is because source of natural gas and oil are found in this place recently, in August 2012.
2. Louisiana
This is another property acquisition that made news all over the world. In the year 1803, US acquired Louisiana from France. At that time, the acquisition amount was $15 million. As per Lauchlan Leishman of Berkeley Capital Group, the total area of land in Louisiana is 800,000 square miles or 512,000,000 acres. At present each acre of land costs anything between $1,000 and $4,000, which takes the total value to $1.2 trillion.
Lauchlan Leishman of Berkeley Capital Group brings information about two most lucrative land deals of all times – Alaska and Louisiana.