Thread: Ok im a little confused, $600,000/Month for Rent?

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Bill Gates is reportedly renting an eight-bedroom South Florida mansion for half a year at $600,000 per month. Yes, the Microsoft co-founder has at least two other homes, but neither of them will put his 15-year-old daughter Jennifer—or her ponies—within striking distance of the Winter Equestrian Festival.

Jennifer is "on the junior circuit and owns several prize ponies," former Miami Herald columnist Jose Lambiet wrote on GossipExtra. And with the world's "largest and longest running equestrian competition" taking place January through April in Palm Beach, Gates needed to find her a crash pad. The 7,300-square-foot estate in Wellington will probably do; it has a barn, horse training area and a guarded access road. Plus, unlike Gates' Lake Washington home near Seattle or his ranch in Wyoming, it's trotting distance to the big competition.

Gates is also said to have an option to buy the place, recently listed at $13 million. But he should probably let that call slide, assuming Gates wants to secure his position as the world's leading renouncer of inherited wealth. Dropping eight figures on a pony mansion might lend the impression his children are spoiled.

[Home photos via Zillow.com. Photo of Gates via

i know its BG but wouldn't it be a better investment to just buy the home?

Bill Gates Renting Florida Home for “Mere” $600,000/Month | Zillow Blog - Real Estate Market Stats, Celebrity Real Estate, and Zillow News

I guess if he uses it only a few times a year it's not worth buying. But $600,000 a month is nuts. You forget sometimes how much damn money that guy has.

Absolutely crazy, but I imagine quite a few people with exorbitant amounts of money would like to say they've lived in Bill Gates' house.

If he buys the house he has taxes, insurance, utilities and the house is worth more than $3.6 mil if he is paying that a month.

Originally Posted by werc1

Absolutely crazy, but I imagine quite a few people with exorbitant amounts of money would like to say they've lived in Bill Gates' house.

I believe he is renting for his family, not renting it out to others. That is an insane monthly rent bill, but i guess when you have his sum of wealth you really have more money than you know what to do with.

Thats a big house...with a big horse stable. I'd assume there are 3-6 people employeed to manage the property...and I'd assume that comes with the 600,000k a month. Still expensive...but less expensive than having to pay those people's salaries...maintain the grounds...and pay the mortgage. Just a guess...

Originally Posted by saintv90

Thats a big house...with a big horse stable. I'd assume there are 3-6 people employeed to manage the property...and I'd assume that comes with the 600,000k a month. Still expensive...but less expensive than having to pay those people's salaries...maintain the grounds...and pay the mortgage. Just a guess...

yeah but i think the profit is still over 200k after you factor everything in

i guess thats pocket change to him though

Very interesting, it seems he is doing it for his kids?

The interest on his wealth earn him so many multiples of that each month who cares? Not that it isn't outrageous or anything... just saying relative to the man involved for all we know he puts that on the AMEX each month.

Originally Posted by EuroKoncepts.com

Very interesting, it seems he is doing it for his kid?

yes

Originally Posted by ADV.1 Matt

The interest on his wealth earn him so many multiples of that each month

true