Trust tied to Bill Gates drops $21M on Wellington horse farm

Gates has spent $59M on roughly 30-acre assemblage in Wellington

TRD MIAMI /
Jul.July 02, 2019 12:30 PM
Bill Gates and his Wellington properties

Bill Gates and his Wellington properties

A trust linked to billionaire Bill Gates paid $21 million for an equestrian estate in a gated Wellington community, near his Evergate Stables property.

Property records show equestrian Caroline Moran sold the 7.7-acre horse farm at 13945 Quarter Horse Trail to the Wellington Trust, controlled by Kevin Mincio. Gates, whose daughter Jennifer Gates is an award-winning equestrian, used the same trust to purchase the adjacent 3060 Mallet Hill Court and the property at 13715 Quarter Horse Trail.

The Microsoft Corp. co-founder also owns 3094 and 3155 Mallet Hill Court through the Mallet Hill Trust. All told, trusts linked to Gates paid nearly $59 million for roughly 30 acres of land on and near Mallet Hill Court.

Gates’ latest purchase, an off-record sale, includes a newly built house, cabana and barn built by Griffiths South Construction Inc., records show. The seller, Moran, paid $1.4 million for the property in 1997.

Wellington, the winter equestrian capital of the world, is the seasonal playground for the families of a number of billionaires – Michael Bloomberg, the late Steve Jobs, the Campbell’s Soup family, and celebrities whose children compete in horse riding competitions.

In May, Andrey Borodin, a billionaire Russian exile living in the United Kingdom, paid $23 million for a 62-acre equestrian compound at 4370 South Road that was once home to the Lechuza Caracas polo team.


Related Articles

arrow_forward_ios
Jon Beason, Ozuna and 3812 Park Avenue (Getty, Engel & Voelkers Coconut Grove)

Reggaeton artist Ozuna drops $5M on Coconut Grove house

Reggaeton artist Ozuna drops $5M on Coconut Grove house
Seth Cohen and Phil Gutman

Brown Harris Stevens Miami launches sports and entertainment division

Brown Harris Stevens Miami launches sports and entertainment division
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
Bon Jovi and 1075 North Ocean Boulevard (Getty, Realtor)

Bon Jovi pays $43M for oceanfront Palm Beach estate

Bon Jovi pays $43M for oceanfront Palm Beach estate
Jon Bon Jovi and 230 North Ocean Boulevard (Credit: RE/MAX and Theo Wargo/Getty Images)

Jon Bon Jovi sells oceanfront Palm Beach house

Jon Bon Jovi sells oceanfront Palm Beach house
Major key: DJ Khaled sells waterfront Aventura home for 40% discount

Major key: DJ Khaled sells waterfront Aventura home for 40% discount

Major key: DJ Khaled sells waterfront Aventura home for 40% discount
Four Seasons Residences at The Surf Club with Tommy and Thalía Mottola (Credit: Craig Barritt/Getty Images)

Thalía and Tommy Mottola pay $8M for Surf Club Four Seasons condo

Thalía and Tommy Mottola pay $8M for Surf Club Four Seasons condo
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...