Inside the $8.7 million Florida mansion Bill Gates has bought

Seattle-based Microsoft founder Bill Gates — and second richest man in the world — remarkably, doesn’t own an excess of properties. Previously, when his horse-loving daughter competed in Florida, the multibillionaire rented homes for his family rather than buying.

The home Gates just purchased in Wellington is reportedly a residence he and his family rented last year in January while his teenage daughter competed in the Winter Equestrian Festival. Built in 2010, the estate has 4 beds and 4 baths with a 7,234-square-foot, open floor plan. Horse-friendly features like a 20-stall barn and show-jumping arena were likely part of Gates’ decision to buy the home.