Bill Gates has exactly the kind of real-estate portfolio you would expect from a billionaire.
As at today, with a net worth that’s estimated to be as much as $92.2 billion, Microsoft co-founder Bill Gates is the second richest man in the world.
What got me musing about this topic is the news in Nigeria about a woman from who the anti-graft agency in that country, the EFCC have seized 46 properties.
I wonder what the woman needs 46 properties for when she is not into a property investment business. The woman was head of a joint government and private sector pension agency. The woman is on the run now.
That said. Actually, Gates is a big property investor according to Business Insider. In an article in the online magazine titled, the incredible real-estate portfolio of Bill Gates, the world’s richest man, it was revealed that Gates, “has exactly the kind of real-estate portfolio you would expect from a billionaire.”
Here below are the properties listed in his favour.
According to Business Insider, Gates resides mostly at his 66,000-square-foot mansion in Medina, Washington. The mansion is currently worth an estimated $153 million.
The Business Insider also revealed, in October 2014, Gates purchased the 228-acre Rancho Paseana for $18 million. The property includes a racetrack, guesthouse, office, veterinarian’s suite, orchard, and five barns.
Bill Gates is also the owner of another horse farm in Wellington, Florida, which he purchased for $8.7 million in 2013. According to Business Insider, Gates’ daughter, Jennifer, is an avid equestrian, and they had previously rented the house when in Florida for her competitions.
Gates also reportedly bought a Wyoming ranch that once belonged to Buffalo Bill Cody in 2009. Though the price he paid for the 492-acre property was never reported, it was originally listed for $8.9 million.
He has also made various real estate investment through his own property venture firm, Cascade, through which he owns a substantial part in the opulent Charles Hotel in Cambridge, Massachusetts.
According to the Wall Street Journal, Gates owns nearly half of the Four Seasons Holding’s hotel chain through Cascade, including hotels in Atlanta and Houston. Gates shares 95% ownership with Prince Alwaleed bin Talal of Saudi Arabia.
In 2013, Gates and several unnamed buyers paid $161 million for the Ritz-Carlton in San Francisco. The hotel is now worth $200 million, the Wall Street Journal says.
Gates’ Cascade has also been linked to the purchase of more than 4,500 acres of farmland in Suwanee County, Florida, near the community of McAlpin. A subsidiary of Cascade paid nearly $28 million for the tract of land.
In conclusion, what the revelations above about Bill Gates real estate investment have shown is that you cannot say, “how many houses Bill Gates have?” because billionaire of his caliber usually don’t own houses but mansions and estates that contain many houses.