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Bill Gates Reportedly Dropped $18 Million On This Southern California Horse Ranch

Madeline StoneOct 10, 2014, 01:23 IST

WorldEconomicForum/Wikimedia Commons, Facebook.com/hiltonhylandMicrosoft billionaire Bill Gates has reportedly purchased a 228-acre horse farm in Rancho Santa Fe, California, the Wall Street Journal reports. According to property records, the purchase price was a cool $18 million.

The estate formerly belonged to weight-loss expert Jenny Craig, who initially listed the property for $30 million several years ago.

The property, known as the Rancho Paseana, includes a 3/4-mile racetrack, guesthouse, office, veterinarian's suite, orchard, and five barns.

Gates' daughter Jennifer regularly participates in equestrian competitions, and the family owns another horse farm in Wellington, Florida.