Inside the $8.7 million Florida mansion Bill Gates has bought to help teenage daughter Jennifer compete on showjumping circuit
- Four-acre home is in winter equestrian capital of Wellington
- New neighbors include Mayor Bloomberg and Bruce Springsteen
Billionaire Bill Gates has bought a $8.7 million Florida mansion in the winter equestrian capital Wellington, to boost his daughter’s showjumping career.
While the $8.7 million price tag may seem high to regular house buyers, for the Microsoft founder who is worth $67 billion, is has taken just .01 per cent of his assets.
Gates rented the property for $600,000 from December 2011 to May 2012, while his teenage daughter Jennifer was competing in the Winter Equestrian Festival, according to realtor.com.
The family are believed to have spent about $1.1 million renting homes in the area in recent years, while Jennifer competes, according to South Florida Business Journal.
While his daughter trains her horses, Bill and Melinda can spend time with their new neighbors, who include New York Mayor Michael Bloomberg, Tommy Lee Jones, and Bruce Springsteen, whose daughter Jessica also rides competitively.
Aside from the extensive equestrian facilities, the house has a fireplace in the living room, and a lounge that overlooks the 32ft long swimming pool.
The 7,234-square-foot hacienda style mini-mansion includes an outside recreation area with built-in barbecue on the patio.
While the house offers a luxurious retreat to its new owners, Wellington is a town focused purely on horses.
Property records show the house was bought by the secretive Mallet Hill Trust, which is connected to the 57-year-old Microsoft founder.
A neighbor also confirmed that the house was bought by the Gates family, adding that the homeowners’ association was asked to replace the unmanned gate with one that is always guarded, according to Radar.
The Florida home will be the second owned by Gates. The family have a Pacific lodge on Lake Washington with an Olympic sized swimming pool with underwater speakers, and a 20-seat art deco theater.
The family also own the tropical Grand Bogue Island, off Belize.
Despite being one of the richest men in the world, Gates pledged to give half his wealth to charity, as he works to try to eradicate polio.