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

+ Reply to Thread
Page 1 of 5 123 ... LastLast
Results 1 to 10 of 42
Like Tree7Likes

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

          
   
  1. #1
    lChampe is offline Member
    Join Date
    Sep 2011
    Posts
    182

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

    Gates_aerial-574x430.jpg

    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

  2. #2
    TurboBaron9's Avatar
    TurboBaron9 is online now Senior Member
    Join Date
    Apr 2010
    Location
    Sydney, Australia
    Posts
    5,510

    Default

    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.
    A successful man is someone who wakes up in the morning, goes to sleep at night, and does whatever makes him happy in between.

    Happiness is the only thing worth pursuing.


    A turbo, exhaust gasses go into the turbocharger and spin it, witchcraft happens and you go faster. - Jeremy Clarkson

  3. #3
    werc1's Avatar
    werc1 is offline Senior Member
    Join Date
    Jul 2010
    Location
    New Zealand
    Posts
    750

    Default

    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.

  4. #4
    POWERHOUR's Avatar
    POWERHOUR is online now Member
    Join Date
    Jun 2010
    Posts
    415

    Default

    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.

  5. #5
    Trevorrow's Avatar
    Trevorrow is offline Senior Member
    Join Date
    Dec 2010
    Location
    rightcoast
    Posts
    759

    Default

    Quote Originally Posted by werc1 View Post
    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.
    -
    "There's a lot of people who want to play the game, but you can't cry when the game plays you."

  6. #6
    saintv90's Avatar
    saintv90 is offline Senior Member
    Join Date
    Aug 2008
    Location
    MilRockee
    Posts
    5,423

    Default

    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...
    -Patrick

  7. #7
    lChampe is offline Member
    Join Date
    Sep 2011
    Posts
    182

    Default

    Quote Originally Posted by saintv90 View Post
    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

  8. #8
    EuroKoncepts.com's Avatar
    EuroKoncepts.com is offline Silver Sponsor
    Join Date
    Dec 2010
    Location
    Chi
    Posts
    786

  9. #9
    ADV.1 Matt's Avatar
    ADV.1 Matt is offline Silver_Sponsor
    Join Date
    Feb 2011
    Posts
    2,369

    Default

    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.

  10. #10
    lChampe is offline Member
    Join Date
    Sep 2011
    Posts
    182

    Default

    Quote Originally Posted by EuroKoncepts.com View Post
    Very interesting, it seems he is doing it for his kid?
    yes

    Quote Originally Posted by ADV.1 Matt View Post
    The interest on his wealth earn him so many multiples of that each month
    true

Quick Reply Quick Reply

Register Now

Please enter the name by which you would like to log-in and be known on this site.
If you do not want to register, fill this field only and the name will be used as user name for your post.

Please enter a password for your user account. Note that passwords are case-sensitive.

Please enter a valid email address for yourself.

Log-in

Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.


Posting Permissions

  • You may post new threads
  • You may post replies
  • You may not post attachments
  • You may not edit your posts
Powered by scoobie.com.