Another reason Bill Gates is buying up land is to invest in upcoming smart cities. The land he owns just west of Phoenix is being developed into a new metropolis called Belmont. When it’s complete, it will boast 80,000 homes, 3,800 acres of industrial, office and retail space; 3,400 acres of open space; and 470 acres for public schools. The acreage is strategically located off Interstate 10 and will be accessible to Interstate 11 as well. The 40 square miles is projected to house 200,000 or more residents, who will undoubtedly be subjected to 24/7 surveillance and personal data harvesting in everything they do within the hyper-connected smart city.