Bill Gates Buys Jenny Craig's California Horse Ranch
U-T San Diego reports that Gates paid $18 million for Rancho Paseana, a 229-acre horse farm in Rancho Santa Fe, in San Diego County. Gates' teenage daughter, Jennifer, jumps horses competitively, and Gates reportedly plans to turn the ranch into a grand prix circuit for hunters and jumpers. The Microsoft co-founder and one of the country's richest men, also owns a property nearby in the Del Mar County Club.
"The family has enjoyed visiting the San Diego area with friends and family for many years ...," U-T San Diego quoted a spokeswoman for the Gates family as saying. Craig reportedly said, "I was happy that the buyer is someone who can afford to turn it into the showplace it was meant to be."
The property includes:
- a three-quarter-mile dirt training track.
- four 30-stall barns.
- rehab equipment for injured horses.
- two apartments.
(Photos courtesy of PreviewFirst)