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John Malone—Liberty Media chairman, Coloradan, and conservationist—owns about 2 million acres of land in the United States, which is more than anyone in the country. And the 71-year-old media mogul, who is worth $5.1 billion according to Forbes magazine, isn’t done yet. “We’ll keep adding,” Malone says, “as long as they represent decent investments, both financially and in terms of conservation value.” Here, we dissect Malone’s terra firma empire.