Bill Gates Plunks Down $600,000 For Wellington Rental
Posted by Jose Lambiet , October 10, 2011 Print
Bill Gates' master bedroom in Wellington opens up on this delightful courtyard (Click on the photo for the gallery)
Microsoft boss Bill Gates, America’s richest man, has agreed to pay $600,000 to rent a house in Wellington for the winter, Gossip Extra has learned!
Microsoft boss Bill Gates (Splash News)
Gates, 55, whose wealth is estimated at $59 billion, wife Melinda Gates and their three children are scheduled to move in a 7,300-square-foot, eight-bedroom house in the exclusive South Shore enclave of Mallet Hill.
– Gates has option to buy Wellington rental
The rental runs from December through May, according to two real estate sources.
Gates’ move is designed to support his eldest daughter Jennifer‘s passion for show jumping. The 15-year-old is on the junior circuit and owns several prized ponies. She’s expected to compete in the upcoming Winter Equestrian Festival.
– Click here for all the photos of the house
According to county records the house, at 13808 Fairlane Court, sits on about 5 acres and features a barn and a horse-training arena. It’s also at walking distance to the Palm Beach International Equestrian Center, home of the winter festival.
“Bill Gates had his people look all over Wellington in September,” one source said. “But they liked this particular house because it’s in a secure neighborhood with one guarded access road and only 20 or so neighbors.”
Gates will be able to remain among billionaires since New York Mayor Michael Bloomberg, No. 12 on the Forbes 400 richest Americans with $19.5 billion, owns a place a few doors down. It’s mainly used by his daughter, Georgina Bloomberg, a rising star in the equestrian world.
The property Bill Gates is renting this winter (Click on the photo for the gallery)
Gates’ temporary digs are owned by well-known Wellington developer George Banks, who’s been trying to sell it for years. The property is listed for $12.9 million. Singer Madonna considered buying it last year but instead bought a horse farm in The Hamptons, N.Y.
The world class wine cellar is included (Click on the photo for the gallery)
Gates, meanwhile, seems to have a thing for the area. In 2009, reps armed with a $65 million-line of credit fanned out in Palm Beach and Martin counties to find bargain waterfront real estate. One of Gates’ investment companies, Cascade Investment, eventually purchased a $5 million house in Jupiter Island.
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TBone Supreme, 1 year ago
Too bad, Bill. I would have rented you my place for only a half million
marc cooper, 1 year ago
be aware for dui drivers
Joe, 1 year ago
Wellington the place to be.
georgia england, 1 year ago
Great place to hold the next #OWS Florida event
Stephen, 1 year ago
The horse fountain looks plain stupid.
Erica Muller, 1 year ago
It’s not uncommon for polo people to shell out this kind of money in polo season. This is just one of many stories like this. Beautiful house Bill!
Jade, 1 year ago
Now that’s what I call “A Gated community”
Bill Gates Pays $600,000 Rent For Wellington Home!, 1 year ago
[...] Pictures and more here [...]
Memi Logan, 1 year ago
Where is the dang pool ? ? ? ? ? ? ? ?
Loe, 1 year ago
Jennifer Gates is not a “polo person”. Polo and the horse show are two different breeds. It’s like comparing football to hockey season!
Marty, 1 year ago
Love the wine cellar! You go Bill.
Jay from Wellington, 1 year ago
Welcome, Bill. I hear you like burgers. See you at the McDonald’s on Greenview Shores.
mATT, 1 year ago
Here is the link with info and pictures about the house INCREDIBLE…..
http://www.zillow.com/homedetails/13808-Fairlane-Ct-Wellington-FL-33414/2129439066_zpid/#{scid=hdp-site-map-bubble-address}
Jon King, 1 year ago
An horse riding ‘star’? Sorry, girls spending 4 hours a day training for tennis can be stars someday. Rich girls riding horses are just rich girls riding horses.
Sarah, 1 year ago
Jon: Many of equestrians do train for countless hours, riding numerous horses, every day. Many young riders give up sleeping in on the weekends, for getting up at 3am to get the horses groomed, tacked and ready to go for 5am lessons, or to leave and travel to shows/competitions. We’re there late into the night, bedding down and feeding our four legged friends. If you’ve never hopped on a 1500 pound animal, and convinced him to jump over 12 + obstacles that are 5-6 ft tall, then please don’t assume that it is not hard. You have no idea the kind of strength, both mental and physical, it takes to accomplish such a task. People always say, “Oh the horse does all the work. You just sit there.” Ha! The horse may do the leaping, but we are doing the guiding with our hands, legs, bodies. Have you ever checked out the muscle on an equestrian’s legs? Shoulders? Bet not.
Lord Helpus, 1 year ago
Rich girls on horses can very often be stars on horses:
Zara Phillips, The Queens’s grandaughter and Harry and Will’s cousin was an Olympian (as was her mother, Princess Anne.
Athena Onassis is a well known top rider.
In the US: Georgina Bloomberg has won some very rich Grand Prix, as has Hillary Dobbs (Lou Dobbs). And Steven Spielberg’s (sp?) daughter just won a championship at a major East coast show last week.
One of the reasons more very wealthy children do not make the long list for the Olympics is because their parents make college a priority and so the horses stop at age 18.
These girls get the best of horses, but the horse doesn’t jump around the course alone. He needs a superior rider to win.
Jon, you are either uninformed or a snob or both, because your statment is just plain wrong. I think that children of the wealthy rise to the top ranks in show jumping more than they do in any other sport — and they have to work every bit as hard as anyone else. The horse doesn’t care how rich his rider’s parents are. He merely responds to a good ride. And these girls are good riders.
Luxury Resort Portfolio | The Definitive Source For Luxury Real Estate In South Florida, 1 year ago
South Florida equestrian estates and farms in Wellington Florida are often referred to as “The Hampton’s Southâ€. This suburban Palm Beach County city is known throughout the world as the leading equestrian village and is one of the most sought after destinations for professional polo matches, dressage shows and horse jumping / hunter competitions.
Luxury Resort Portfolio, 1 year ago
South Florida equestrian estates and farms in Wellington Florida are often referred to as “The Hampton’s Southâ€.
Not Ridiculous At All. | On the Line, 1 year ago
[...] the news broke publicly that On the Line’s newest “neighbor†is Bill Gates, who recently leased a farm with a price tag that’s outrageous for the other 99.9% of the world to consider (come on, [...]
Bill Gates Could Be Renting This $600,000-A-Month South Florida Estate For The Winter | Donald Schwartz, 1 year ago
[...] Gates has a famous Medina, Wash. home, but he might be cold and heading south for the winter, according to real estate blogger Jose Lambiet (via [...]
Bill Gates is paying 600k to rent in Wellington area « Tina Mak P.R.E.C. – Vancouver Radio Realtor, 1 year ago
[...] Bill Gates is paying 600k to rent in Wellington area October 12, 2011 vancouverradiorealtor Leave a comment Go to comments The  house is selling for 12million n Mr. Gates is renting it for 600k for his daughter’s show jumping training.  To read details, click Bill Glates Plunks Down $600,000 for Wellington Rental. [...]
Bill Gates paying $600,000 for six-month Florida rental, 1 year ago
[...] Bill Gates and 13808 Fairlane Court in Wellington, Fla.From the South Florida website: Microsoft’s Bill Gates, the wealthiest person in America, will pay $600,000 to rent a house in Wellington this year, according to a report by Gossip Extra. The rental is for a six-month period from December to May, sources said. The house, which is located at 13808 Fairlane Court, has five acres and is within walking distance of the Palm Beach International Equestrian Center, a winter polo haven. The 7,352-square-foot home is listed for sale at $12.9 million. [Gossip Extra via Sun Sentinel] [...]
Jenna Jones, 1 year ago
BIll Gates must Have some pretty dumb people looking out for him. That house rents every year for $150,000 for season . Why pay 4 X the regular amount???
Bill Gates Rents Horsey Homestead in Florida, 1 year ago
[...] savvy estate in the upscale horse community of Wellington, FL that Mister and Missus Gates are reported to have leased at a rate of about $600,000 for the duration of the Winter Equestrian Festival that runs from [...]
SlackerCows, 1 year ago
An open letter to Bill Gates:
I used to show Hunter and Equitation on Long Island, NY, so I definitely appreciate your devotion to make the show circuit as pleasant as possible for your daughter. After all, being 15 and heiress of the world’s richest man has to be the most fabulous.
However, if Jennifer appreciates horses, I hope you also agree that while few talented and lucky horses (with the right training, lineage, coat, markings, height etc.) deserve to be pampered, thousands just as special (and perhaps as talented) horses are being abused, starved, slaughtered for food, etc.
Your Bill & Melinda Gates Foundation has given hundreds of millions to humans. Will you consider start giving to save some equines? Each hour’s rent on this wonderful property can actually pull a few horses from death rows, And each single day’s rent can buy enough land for one equine sanctuary in the right place.
There are so many selfless volunteers helping big and small animals at each minute. These are not fanatics, they are normal, exhausted individuals using their savings to save other earthlings from death or misery, and yet many shelters still are forced to close, or turn away needy animals due to the lack of funds. Any donation you can give, or foundation you can set up will make a tremendous difference and show people that caring for horses come in many dimensions. And who knows, might inspire other billionaires to look at animal causes too.
If you should read this, I thank you for your time, and I rest at your disposal for any questions.
kamakazee, 1 year ago
Why Bill Gates decided to rent when he can buy the entire town???
Bill Gates Rents Horsey Homestead in Florida | My Blog, 1 year ago
[...] savvy estate in the upscale horse community of Wellington, FL that Mister and Missus Gates are reported to have leased at a rate of about $600,000 for the duration of the Winter Equestrian Festival that runs from [...]
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Jeo, 1 year ago
I wonder how many ‘windows’ in that mansion?
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