It looks like William Bishop found himself a nice treat after he sold his Blue Buffalo pet food company to General Mills for $8 billion last year.
The trust of the founder and former CEO of the Connecticut-based company paid $6.4 million for a home in North Palm Beach, property records show.
Phyllis Palmer sold the 4,345-square-foot home at 11656 Lake House Court to Bishop for $1,472 per square foot. Records show Palmer initially purchased the house for $5.5 million in 2006.
The four-bedroom, four-and-a-half home was built in 1999 and is next to the Lost Tree Club, a Jack Nicklaus signature golf course.
Bishop started Blue Buffalo in Wilton, Connecticut, in 2002 and served as the president from 2007 to 2012, according to Bloomberg. The company was able to garner market share from large competitors like Purina with its healthy and natural dog food flavors.
Bishop previously co-founded SoBe Beverages in 1995 which was ultimately sold to PepsiCo in 2001 for $370 million.
The Lost Tree Golf Course has attracted a number of wealthy buyers. Thomas Hagerty, managing director at private equity firm Thomas H. Lee Partners, and his wife Jeanne, paid $7.25 million last year nearby for a home at 12087 Turtle Beach Road.