Campbell’s Soup billionaire adds to Wellington block with $17M deal

Miami /
Jan.January 20, 2017 10:35 AM

It’s been less than than two weeks of the Winter Equestrian Festival, but deals are already closing.

A company tied to Campbell’s Soup heiress Mary Alice Malone paid $17.1 million to buy a corner piece of land on a block she is slowly taking over in Wellington, a wealthy community of horse enthusiasts, home to the families of Bill Gates, Steve Jobs, Frank McCourt and others. 

Records show Malone’s Meinse LLC bought the two parcels at 4100 and 4158 South Shore Boulevard from Glenshore LLC and Palm Beach Equestrian Inc., entities controlled by Carlos and Thomas Morrison of West Palm Beach. The Morrisons have sold their land to the Campbell’s billionaire before.

Malone, the granddaughter of Campbell’s Soup founder John Dorrance, is the company’s largest shareholder – in addition to being an equestrian enthusiast. She’s worth an estimated $4.1 billion, according to Forbes.

This latest purchase adds 29.8 acres to Malone’s equestrian assemblage. She now controls more than 95 acres between South Shore Boulevard and 128th Terrace, and between 40th Street South and Indian Mound Road, and spent more than $46.4 million on them, including this latest deal.

The corner property, at 4100 South Shore Boulevard, totals 19.35 acres and the other is 10.45 acres. They last sold for a combined $1.52 million between 1997 and 1998.

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 that started Jan. 11. It also garnered national attention when fellow billionaire Bill Gates spent $38 million buying up an enclave nearby.

Malone also owns the 1,000-acre Iron Spring Farm, a horse breeding and training business in Pennsylvania.

Here’s a map of what she now owns in Wellington:


Related Articles

arrow_forward_ios
Patrick Galley & Cindy Galley and 12549 Cypress Island Way in Wellington (Photo via Redfin)
Investment exec spends $6M on waterfront Wellington home
Investment exec spends $6M on waterfront Wellington home
3405 Southfields Road (Getty, Cumberland Farms, Redfin)
Cumberland Farms family member buys Wellington equestrian estate for $8M
Cumberland Farms family member buys Wellington equestrian estate for $8M
Wellington equestrian estate at 15725 Sunset Lane (Redfin, iStock)
Brazilian software exec sells 16-acre Wellington estate for $13M
Brazilian software exec sells 16-acre Wellington estate for $13M
Ashok Nayyar and 2505 Cypress Island Court, Wellington (Sotheby's, iStock)
Private equity honcho buys Wellington mansion for $5M
Private equity honcho buys Wellington mansion for $5M
John K. Markey and a map of the area
JKM’s mixed-use development in Wellington advances
JKM’s mixed-use development in Wellington advances
Multifamily project in Palm Beach County advances
Multifamily project in Palm Beach County advances
Multifamily project in Palm Beach County advances
Neil Hirsch and Coach House (Getty)
Saddle up: Sales launch at Wellington luxury condo development aimed at polo players
Saddle up: Sales launch at Wellington luxury condo development aimed at polo players
Richard Roeder of Vance Street and 15130 Sunny Island Lane (Credit: Realtor)
Private equity exec buys Wellington equestrian estate for $12M
Private equity exec buys Wellington equestrian estate for $12M
arrow_forward_ios

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

Loading...