Microsoft 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.

Rancho Paseana is located about 20 minutes north of San Diego, in a valley in Rancho Sante Fe, California.

The horse-training facility had been owned by the Craig family for more than a decade.

They had hoped to sell to someone who also had a passion for horses.

Gates' daughter has participated in horseback-riding competitions for years.


See the rest of the story at Business Insider

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