Bill and Melinda Gates gift daughter $16 million horse farm as graduation present

22-year old Jennifer is graduating from Stanford University and is a top equestrian, having competed in big racing competitions such as the Longines Global Champions Tour.


                            Bill and Melinda Gates gift daughter $16 million horse farm as graduation present

Being a part of the Gates family certainly has its own advantages. For one thing, you have the chance to get a seriously cool college graduation present.

Melinda and Bill Gates (Source: AD)
Melinda and Bill Gates (Source: AD)

The daughter of Bill and Melinda Gates, Jennifer Gates, who graduates from Stanford University this year, is receiving a very lavish graduation gift, according to the New York Post: a $15.82 million horse farm in the Westchester town of North Salem.

The 22-year-old has plans to move to New York and potentially continue her studies at New York University; Westchester is conveniently located just 35 miles outside of the city. 

Jennifer is a top equestrian, having competed in large horse competitions such as the Longines Global Champions Tour. The 124-acre farm, which was an off-market deal purchased by Robert Buote, a trustee of Wellington Trust (previously used to buy other properties for the Gates family), will most certainly come in handy for the rising rider.

Jennifer Gates (Source: AD)
Jennifer Gates (Source: AD)

The previous owner of the farm and estate was Duncan Dayton. A real estate developer and former race car driver, Dayton was the heir to the Dayton-Hudson Corporation; his great-grandfather founded the company, which eventually became the Target Corporation.