June 26, 2013
Palm Beach County is gaining a very wealthy landowner. Bill Gates, the wealthiest American, and his wife Melinda purchased an estate in Palm Beach County for 8.7 million dollars. According to sources, Gates paid for the home in cash.
The home is located in the exclusive Mallet Hill section of Wellington. The 7,230-square-foot estate home features 4 bedrooms, 4 bathrooms and 4 acres of pasture, with 2 barns containing room for 20 horses. The Gates’ daughter Jennifer is training to become a world-class show jumping rider.
The Gates family rented the same home for 4 months beginning in January. They paid 500,000 dollars for the rental.
Source: South Florida Business Journal
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