Microsoft founder Bill Gates gifted daughter Jennifer on this special occasion with an amazing Rs 13.6 crore horse farming property located in…
The property was acquired through the Wellington Trust, which was previously used by the Gates Family for its real estate investments in Florida. The farm was formerly owned by famous real estate developer Duncan Dayton and is also the heir to Dayton-Hudson Corporation.
Microsoft co-founder and former CEO Bill Gates made a surprising move to buy a luxurious horse farm for his daughter Jennifer Gates as a graduation gift. The luxury property, which accounts for 124 acres of land in North Salem, Westchester County, New York, was reportedly acquired for $15.82 million, and was approximately Rs 1.32 crore in 2018. The purchase was made after Jennifer graduated from Stanford. According to the New York Post and Magazine News, the deal was handled by Ginnell Real Estate’s Muffin Dowdle and Journal News.
The property was acquired through the Wellington Trust, which was previously used by the Gates Family for its real estate investments in Florida. The farm was formerly owned by famous real estate developer Duncan Dayton and is also the heir to Dayton-Hudson Corporation. The farm is particularly special due to its beauty and long history.
About Fram House
Competitive equestrian Jennifer Gates will use North Salem property to support her cycling career. The property is equipped with modern horses and training facilities, suitable for her passion for equestrian sports. Previously, Bill Gates invested $38 million in an equestrian property in Wellington, Florida. This area is a favorite of famous figures. Florida property also has luxury homes and expansive areas dedicated to horse riding.
How did Melinda Gates react to this expensive gift?
Expensive gifts have attracted public criticism. Melinda Gates has previously emphasized raising her children, Jennifer, Rory and Phoebe, with an emphasis on financial discipline. In an interview with The New York Times in 2024, she described their family as a middle-class family, emphasizing the importance of savings and responsibility. “We never bought things for kids like this,” Melinda Gates said, suggesting a different approach to family habits.
Bill Gates refused to fund his youngest daughter, Phoebe Gates’ new business. Phoebe recently launched an AI-based shopping app called “FIA”. Bill Gates said in a recent interview that he deliberately did not invest in the app to avoid liability for excessive control of the business. This decision reflects a conscious effort that allows Phoebe to manage and develop her own adventures independently.
