Billionaire Campbell’s Soup heiress buys equestrian land for $14M

Miami /
Dec.December 07, 2015 03:00 PM

Updated, Tuesday, Dec. 8, 4:30 p.m.: A company managed by billionaire Mary Alice Dorrance Malone paid $14.4 million for an equestrian estate in Wellington, state and county records show.

Malone, heir to the Campbell Soup fortune, is estimated to be worth $3.6 billion, according to Forbes. The South Florida Business Journal first reported the buyer’s identity.

Meinse LLC purchased the properties at 4035, 4107, 4179 and 4219 130th Avenue South. They total 55.89 acres and include a dairy farm, horse track and stables. Glenshore LLC and Lypaca LLC sold the land. The companies are managed by Thomas and Carlos Morrison of West Palm Beach.

The Malone-led LLC also owns four other properties in Wellington: at 4221, 4271 and 4231 128th Terrace and at 4595 125th Avenue South.

Wellington is known as an international center for equestrian sports, and is home to a number of high-end equestrian estates. The city plays host to a number of horse races and championships, including the Winter Equestrian Festival — a 12-week international competition. 

In November, Douglas Elliman opened an office at the city’s Palm Beach Polo & Country Club.

An earlier version of this story incorrectly identified the buyer and some of the addresses of the parcels that sold. Glenshore and Lypaca II sold the land at 4035, 4107, 4179 and 4219 130th Avenue South to Meinse LLC, a company managed by Mary Alice Dorrance Malone.


Related Articles

arrow_forward_ios
2520 Cypress Island Court (Realtor)
IT services company founder and horse lover buys Wellington spec home for $8M
IT services company founder and horse lover buys Wellington spec home for $8M
Judge orders developer Glenn Straub’s Polo Club to pay $86K. “Big deal,” Straub responds
Judge orders developer Glenn Straub’s Polo Club to pay $86K. “Big deal,” Straub responds
Judge orders developer Glenn Straub’s Polo Club to pay $86K. “Big deal,” Straub responds
Nancy Malnik, wife of The Forge co-founder, buys equestrian estate
Nancy Malnik, wife of The Forge co-founder, buys equestrian estate
Nancy Malnik, wife of The Forge co-founder, buys equestrian estate
Boston Bruins co-owner buys Wellington equestrian estate for $11M
Boston Bruins co-owner buys Wellington equestrian estate for $11M
Boston Bruins co-owner buys Wellington equestrian estate for $11M
2714 Sheltingham Drive with Fred and Lora Jean Drasner (Berkshire Hathaway)
Former New York Daily News co-owner buys Wellington mansion for $5M
Former New York Daily News co-owner buys Wellington mansion for $5M
Waterstone At Wellington Apartments and Vista Lago Apartments (Waterstone, Vista Lago)
RREEF pays $158M for multifamily complexes in West Palm Beach, Wellington
RREEF pays $158M for multifamily complexes in West Palm Beach, Wellington
Glenn Straub and 2855 Hurlingham Drive (Casino.org, Google Maps)
Glenn Straub buys Wellington estate for $9M
Glenn Straub buys Wellington estate for $9M
Mark Bellissimo and Coach House. (Coach House Wellington)
Mark Bellissimo buys Coach House condo site in Wellington
Mark Bellissimo buys Coach House condo site in Wellington
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...