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Bill Gates buys Jenny Craig's Rancho Santa Fe horse farm

Bill Gates buys Jenny Craig's Rancho Santa Fe horse farm
Microsoft co-founder Bill Gates has bought weight-loss executive Jenny Craig's horse facility in Rancho Santa Fe, Calif., for $18 million. (Preview First | Inset: Getty Images)

Microsoft co-founder Bill Gates has bought Jenny Craig's upscale horse facility in Rancho Santa Fe for $18 million, the Los Angeles Times has confirmed.

The 228-acre palm-tree studded Rancho Paseana in San Diego County was a premier training site for thoroughbreds until the weight-loss guru closed it last year.

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Amenities include four 30-stall barns, a 21-stall barn, a three-quarter-mile racetrack, veterinarian space, olive orchards and wells. The four large barns include staff quarters for up to 32 with kitchenettes and bathrooms.

There are two guest or manager houses.

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The property, which is made up of four parcels, had been listed for sale at prices ranging from $24.995 million to $30 million before it was removed from the open market. One of the parcels is leased to a golf course.

Gates, 58, bought the ranch for family use.

Craig, 82, founded the weight-loss company bearing her name in the early 1980s with her husband, Sidney Craig, who developed the horse farm. She also has a beachfront home in nearby Del Mar for sale at close to $40 million.

Catherine and Jason Barry of Barry Estates were the listing agents.

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Twitter: @LATHotProperty

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