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Bill Gates picks up equestrian estate for $18M

The philanthropist bought the Calif. ranch from Jenny Craig

October 12, 2014 05:00PM

Bill Gate's new equestrian estate in California

Bill Gate’s new equestrian estate in California

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