Published On: Mon, Jul 4th, 2016

Bill Gates paid a total of $38 Million for an entire street in Wellington

The Real Deal Miami by Katherine Kallergis

 

Billionaire Bill Gates now owns all of Mallet Hill Court, an equestrian enclave in Palm Beach County’s Wellington.

Gates bought the last remaining plot on what is now his street for $2.5 million, bringing his total to $38.4 million for the six properties. The Microsoft founder began buying in the gated community in 2013, when he paid $8.7 million for the 4.5-acre equestrian estate at 3155 Mallet Hill Court. His interest in the area was reportedly sparked by his daughter, Jennifer Gates, who is a noted equestrian.

Gates bought the properties through the Wellington Trust, which is managed by Robert Buote. Buote is known to represent the billionaire in his real estate buys across the country. Forbes pegs Gates’ current net worth at $76.4 billion.

Read the full story at The Real Deal Miami by Katherine Kallergis

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