The Real Deal New York

Bill Gates picks up equestrian estate for $18M

The philanthropist bought the Calif. ranch from Jenny Craig

Bill Gates just picked up diet mogul Jenny Craig’s equestrian estate in Rancho Santa Fe, California, for $18 million.

The deal closed last month, and reports indicate that Gates plans to turn it into “a grand prix circuit for hunters and jumpers,” according to Curbed.

The 228-acre estate, known as Rancho Paseana, features a racing track, an olive orchard, five barns, a veterinarian’s suite and a guesthouse.[Curbed]Christopher Cameron