Bill Gates Buys $8.7 Million Mansion, Pays In Cash

Bill Gates has picked up an $8.7 million mansion in Florida, paying for the sprawling estate in cash. 

Though he’s the second-richest man in the world, Bill Gates actually doesn’t own a lot of property. While he’s put his investments in other areas, he decided to buy the Florida home for a more practical purpose — to save on rental costs. Gates has traveled to the Sunshine State often to watch his daughter compete in horse riding events, but he’s always rented homes for his family while staying there.

The newest home purchase for Bill Gates was caught by South Florida’s Gossip Extra, which found records that he bought a 7,234-square-foot mansion in Wellington, Florida. Though it’s vast in its size, the Mediterranean-style home is actually a downgrade for the Microsoft founder. Bill’s full-time home just outside of Seattle is 50,050 square feet spread out across five acres.

Bill Gates new mansion isn’t too shabby, either. It has four baths and four beds, an open floor plan, and seems a great fit for the horse-loving family. The estate has a 20-stall barn and a show-jumping area, factors that reportedly tipped the scales for the Gates family.

The mansion purchase will not hurt Bill Gates too much financially. Forbes estimated his net worth earlier this year at $67 billion.

Gates flexed his influence this year when he joined LinkedIn, immediately becoming tagged as a super influencer, a status that requires the user to be a successful business mogul who contributes blog posts for the platform. In his first post, Gates wrote about skills he learned from fellow billionaire Warren Buffet, things like investing and time management.

Bill Gates has some affluent company in his new $8.7 million mansion. Others who live in Wellington include New York City mayor and fellow billionaire Michael Bloomberg and L.A. Dodgers owner Frank McCourt.