Microsoft billionaire Bill Gates has reportedly purchased a 228-acre horse farm in Rancho Santa Fe, California, the Wall Street Journal reports.

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The estate formerly belonged to weight-loss expert Jenny Craig, who initially listed the property for $US30 million several years ago.

According to public records, the price was $18 million, and the deal closed in mid-September. A spokesperson for the Microsoft co-founder confirmed the purchase and said the Gates family “has enjoyed visiting the San Diego area with friends and family for many years.” Mr. Gates’ daughter Jennifer is active in horseback riding.

Known as Rancho Paseana, the property is about 20 minutes north of San Diego. Its roughly 228 acres include a ¾-mile racetrack, a guesthouse and an office, an olive orchard, five barns and a veterinarian’s suite.

The horse farm had been the training grounds for thoroughbreds, but Ms. Craig closed the facility in 2013, and there are currently no horses there.

Source PropGOluxury