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.
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.
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.