From The Mirror:
Arsenal fans left fuming after Stan Kroenke buys this mega 535,000-acre Texas ranch for £500 million
£500 million is of course a huge amount of money, but at less than £1,000 an acre, it was a fraction of the price of farm land in the UK.
The land for a typical, average English house has a selling price of about £100,000, which is £1 million per acre. Paying that much is extravagant!
* Assuming the small number is greater than 1 etc.