Billionaire Microsoft founder Bill Gates has bought weight-loss magnate Jenny Craig’s horse training center in Rancho Sante Fe for $18 million.
"The family has enjoyed visiting the San Diego area with friends and family for many years and has purchased the Rancho Paseana property in Rancho Santa Fe, California," a spokesperson for the Gates family told NBC 7 in a statement.
Craig’s property, about 20 miles north of San Diego, is a thoroughbred training center. Gates’ teenage daughter jumps horses competitively; he already owns a home at the Del Mar Country Club.
The deal closed in mid-September, according to published reports.
The property encompasses 229 acres and has a seasonal stream and a premium 3/4-mile race track, according to the listing. It also includes a guesthouse and an office, an olive orchard, five barns and a veterinarian’s suite, according to reports in the Wall Street Journal.
It was originally listed for $30 million.
Last month, Gates topped Forbes’ list of the richest Americans for the 21st straight year.