Inside Bill and Melinda Gates’ Property Portfolio
Their US-based homes alone have a combined annual tax bill of up to about $6 million.
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After 27 years of marriage, amassing a planetary fortune and founding a namesake philanthropic enterprise with an endowment of nearly $63 billion, Bill and Melinda Gates announced this week that they’ve decided to split up in the most modern of ways, via Twitter. The split appears to be amicable, and the erstwhile couple says they will continue their roles as co-chairs and trustees of the Bill & Melinda Gates Foundation. They will, however, need to divvy up their Brobdingnagian pile of assets, a no doubt Byzantine enterprise that has people around the world wondering who will get what.
It’s often said that the Microsoft founder doesn’t like to spend his money frivolously. Frivolous, however, is in the eye of the beholder and often depends on the size of one’s bank account. And, for Gates, currently ranked by the bean counters at Forbes as the fourth richest person on earth with a net worth of around US$130 billion, not spending frivolously means maintaining a fleet of Porsches and other high-performance sports cars, travelling by private jet—reportedly a Bombardier BD-700 Global Express that costs upwards of US$40 million—and, though it’s worth but a tiny fraction of his overall wealth, presiding over a property portfolio easily valued in excess of a quarter-billion bucks.
It’s not clear exactly how many homes the Gates actually own, and some of their estates comprise numerous parcels and several houses. There are, though, at least eight houses and compounds spread across the United States that, according to tax records, have a combined annual tax bill that tallies up to about $4 million. That might be enough to give an ordinary millionaire a million sleepless nights, but for Gates, the yearly tax bills are nothing more than pecuniary child’s play, less, in fact, than he earns in a single day.
Based on how much wealth he added to his bottom line over the past year, according to Business Insider, he earned about $5900 per second. That means at a spending rate of $1.3 million per day it would take him about 400 years to spend his fortune. Business Insider went on to determine that he’s 66% richer than the entirety of the British monarchy, has more money than the richest person in Asia and the richest person in China, combined, and could give every person in the world $15 and still have $28 billion to spare.
The Gates’ primary property in Medina, Washington. Photo Courtesy: Wikimedia Commons
MEDINA, WASHINGTON.
The Gates’ primary residence has long been a custom-built mansion that overlooks Lake Washington in Medina, Washington. The Pacific Lodge-inspired contemporary extravaganza, designed in conjunction between Bohlin Cywinski Jackson and Cutler Anderson Architects, and often referred to in the press as Xanadu 2.0, after the estate of the lead character in “Citizen Kane,” measures in at about 66,000 square feet.
Some of the notable creature comforts include seven bedrooms, two dozen bathrooms, six kitchens, including one that services a 2,200-square-foot ballroom/meeting space, garaging for a couple dozen cars and a 20-seat Art Deco-style theater. There’s also a 60-foot swimming pool with an underwater sound system, 2,500 square feet of health and wellness facilities complete with gym, sauna and steam room, a trampoline room with 20-foot ceiling, and a 2,100-square-foot library with a bookcase that swings open to reveal a hidden bar. Outside, there’s a sport court, a salmon and trout-stocked stream, a boat dock and a private lakefront beach with sand imported by barge from the Caribbean island of St. Lucia.
And, of course, the tech gadgetry is next level. Occupants and guests each wear a pin with pre-set preferences for lighting, temperature and audio-visual systems. The pins communicate with sensors throughout the house, and as one moves from room to room not only with one’s music selection of choice follow but the lights and climate systems will alter themselves automatically to correlate with preset preferences.
And, because all that just isn’t enough, in addition to the main residence, which tax records show has a value of approx. $165 million and a yearly tax bill of more than $2.9 million, the Gates own at least a dozen surrounding properties that altogether span more than ten acres with at least six additional luxury homes.
The couple’s Indiana Wells home in California. Photo Courtesy: Google
INDIAN WELLS, CALIFORNIA
The Gates dropped approx. $16 million in 1999 for a deluxe desert mansion that sits alongside the manicured greens of the exclusive Vintage Club in Indian Wells, California, a private and exceedingly-posh golf and resort enclave about 30-odd kilometres southeast of Palm Springs.
Not many details about the property are publicly available, but tax records and other digital resources indicate the 1.33-acre estate includes a main residence of nearly 14,000 square feet built in 1993 with six bedrooms and 7.5 bathrooms plus a huge swimming pool shaped like a guitar and vast sweep of manicured lawn.
The Vintage Club’s other homeowners include a bevy of billionaires, Charles Koch, Bill Gross, Dennis Washington and Ingrid Flick among them.
One of the Gates’ Rancho Sante Fe properties. Photo Courtesy: Realtor.com
RANCHO SANTA FE, CALIFORNIA.
In 2014, after it had been on the market for a few years at declining prices that started at a wildly optimistic $38.2 million and dropped to about $31.9 million, the Gates swooped into ritzy Rancho Santa Fe, Calif, a Beverly Hills-style suburb about 30 kilometres north of San Diego, and scooped up diet guru Jenny Craig’s 228-acre horse farm in an off-market deal for a discounted price of $23 million.
Then known as Rancho Paseana, and now known as Evergate Stables, the thoroughbred training and competitive hunting-jumping facility has been upgraded over the last handful of years. However, at the time of its 2014 sale, the farm includes four 30-stall barns, plus a fifth that will hold another 21 horses, an office and veterinarian suite, a guesthouse, a couple of 30-acre pastures and a 1200-metre racetrack.
The couples Rancho Paseana property. Photo Courtesy: Google
RANCHO SANTA FE, CALIFORNIA.
At the time the Gates bought Rancho Paseana in 2014, they already owned — and still own — a four-plus-acre estate at the tony Del Mar Country Club. Perched on a low ridge at the end of a palm tree-lined drive with panoramic views over Rancho Paseana, which is now called Evergate Stables, the nearly 11,000-square-foot Mediterranean villa was acquired, per tax records, in 1999 for $6.5 million.
The Gates’s oceanfront compound in Del Mar, California. Photo Courtesy: Realtor.com
DEL MAR, CALIFORNIA.
After two decades bunking periodically in Rancho Santa Fe, the Gates decided last year they’d like a place to hunker down at the ocean and, just as the Covid-19 lockdowns began to sweep across the nation, sealed the deal on the much-publicised approx. $54.8 million purchase of an oceanfront compound along one of the most exclusive streets in the affluent seaside community of Del Mar, about six miles west of their holdings in Rancho Santa Fe.
Designed by renowned local architect Ken Ronchetti, the single-level home presides over about 120-feet of beach frontage and measures in at a comfortably large but well short of humongous 5,800 square feet with six bedrooms and 3.5 bathrooms, plus a pair of guesthouses. Marketing materials from the time of the sale indicate the unconventionally bifurcated estate —the main house sits on one side of the street and a secondary structure is on the other — offers a plethora of leisure and recreation options including a home theatre, a glass-tiled swimming pool, a 10-person hot tub, a health and fitness suite and, of course, a huge terrace with unparalleled views up and down the sugary sand.
A private Cody, Wyoming mansion owned by the duo. Photo Courtesy: Google
CODY, WYOMING
Back in 2009 it was widely reported Gates shelled out somewhere in the neighbourhood of $11.5 million for a sublimely beautiful ranch of almost 500 acres nestled into the foothills of Carter Mountain about 30km outside of Cody, Wyoming.
At the time of the transaction, marketing materials for the property indicated the fairly remote ranch is approached down an 11km drive with a 15,000-square-foot main residence known as Irma Lake Lodge. Additionally, there’s a five-bedroom guesthouse, a caretaker’s house, and a three-room cottage built by American Old West legend Buffalo Bill Cody who settled the land sometime around the turn of the 20th century. It was Cody, in fact, who gave the four small and pristine lakes that dot the ranch their names: Irma, Lilly, Arta and Natalie.
The massive Rocky Mountain getaway, Yellowstone Club. Photo Courtesy: Google
YELLOWSTONE CLUB, MONTANA,
The Gates family maintains a substantial Rocky Mountain getaway in the ultra-prestigious Yellowstone Club, a 13,600-acre members-only ski and golf resort community just west of Big Sky, Montana, where some of the other high net worth members are reported to include Justin Timberlake and Jessica Biel, TV producer Burt Sugarman and entertainment news journalist Mary Hart, Frank McCourt, former owner of the L.A Dodgers, Peter Chernin, former president of News Corp., and billionaire hotelier Barry Sternlicht.
It’s not clear how much the Gates paid for the multi-acre estate property that sits on a wooded ridge with magical wrap-around mountain views, but becoming a member of the club is not for mere financial mortals. Membership reportedly requires a roughly $450,000 initiation fee, the purchase of a home, which typically start at more than $7.5 million, and close to $51,000 in annual fees.
Though there’s a tradition of members not talking about each other, an unnamed member recalls in a 2009 New York Times article that one of the attractions to Yellowstone Club for the Gates is the high level of privacy and security that allows the family to take to the slopes without bodyguards.
The multiacre spread in Wellington, Florida owned by the Gates. Photo Courtesy: Realtor.com
WELLINGTON, FLORIDA.
The Gates have had a foot in the South Florida real estate trenches since at least 2009 when they paid approx. $7.2 million for a waterfront estate in low-key Hobe Sound. That property was sold in 2018 — at a million-dollar loss — but some years ago, no doubt because their daughter Jennifer is an award-winning equestrian, the Gates shifted their property focus to the affluent equestrian-oriented village of Wellington, about 28km west of Palm Beach at the swampy edge of The Everglades.
The Gates didn’t just buy a small training facility, however. Between 2013 and 2019, they ponied up close to $59 million for no fewer than five properties that comprise more than 25 contiguous acres within the exclusive and guard-gated Mallet Hill enclave. Their most recent acquisition in the horsey community came in 2019 when they splashed out approx. $26 million in an off-market deal for a 7.7-acre spread with a recently built mansion.
This article was originally published on Dirt.
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Forget a Bow Tie. Here Are 3 Black-Tie Accessories to Rock Instead
Stylist Tom Stubbs on ditching the bow tie this festive season—and what to wear alternatively.
Black tie, that essential marker of an increasingly rarefied ceremonial style, is inspiring. Nothing coaxes men into upping the sartorial ante quite like reading those words on an invitation. I say amen to raising the bar, but I can’t bear wearing a traditional bow tie—and haven’t done so for over a decade.
Around the turn of the millennium, I was enthusiastically dress-code obedient, but two unstoppable forces put me off: Fashion moved on, and I got old. Where abiding by hallowed traditions once felt exalted, it suddenly began to seem restrictive and stuffy. And while it was extraordinary to be a bow-tied 30-something, in my 40s, the convention made me feel like a pompous, conservative square. Now, menswear has changed so much that bow ties register as pedestrian garb better suited to waiters than to revellers.
Fortunately, there are several black-tie alternatives that excite and inspire me now that I’m well into my 50s—many espoused by stylish guys on the red carpet and innovative designers in London, Paris, Florence, and Milan. And though I might take a bow on nonconformism as I step into my 60s, I still plan to steer clear of the bow tie, that ultimate symbol of gentlemanly customs, for as long as I can. Here’s what I’m replacing it with.
Form and Function
I got excited seeing Lemaire’s slim metallic modernised bolo ties in the house’s fall 2024 show. A favourite of men as varied as Johnny Cash, Bruce Springsteen, and Snoop Dogg, the bolo is perhaps best remembered as the chosen neckwear of John Travolta’s surly hit man, Vincent, in Pulp Fiction. Originally, Native American tribes including the Zuni, Hopi, and Navajo used these accessories used to fasten bandannas with plaited-leather cords. High-end versions double as a bit of jewellery, with silver slides set with turquoise and often engraved with animal motifs, including buffalo skulls and eagles. Contemporary takes abound, but vintage sleuthing can turn up some particularly beguiling options.
Gambling Man
Varying in size, flounce, and attitude, ribbon ties—also called gambler or Kentucky neckties—have long been a legitimate black-tie alternative. Actor Cillian Murphy has worn Saint Laurent’s take to various award shows, looking stand-alone chic and authentically cool. They have a distinct Western energy—Kirk Douglas donned one as Doc Holliday in Gunfight at the O.K. Corral, as did Robert Vaughan in The Magnificent Seven. But they’re as much rock star as they are gunslinger: The late Johnny Thunders of the New York Dolls and Bauhaus front man Peter Murphy (style role models of mine) also wore them with panache. Take a note from the runway and wear them with a pair of boots—cowboy, Chelsea, or with a Cuban heel—to really step away from the standard.
Fit to Be Tied
Getty Images/Courtesy of Lemaire
If you want to give yourself some breathing room, consider scarves and neckerchiefs. This fall, Tom Ford proposed a louche take on evening style, using black, slim-plaited, or delicately sequined scarves whose long tassels provocatively dangle at the hips. For maximum effect, the brand styled them with open satin shirts, recalling rockers Mick Jagger and Rod Stewart. London’s La Bowtique also does beautiful outsize bows. On a smaller scale, the Twilly—a short silk scarf pioneered by Hermès—works in much the same manner. The French maison makes gorgeous options with angled ends for extra verve, whether hanging loose or more discreetly knotted.
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Show Stoppers
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The logic behind staging a prestige automobile show on an island may, at face value, seem warped—history tells us that cars and water do not play nicely. The rationale twists further when said piece of land is a former shipyard that is, aesthetically, more workhorse ute than classic Ferrari.
Scratch beneath the surface, however, and the decision to plant the Sydney Harbour Concours d’Elegance on Cockatoo Island for the second year running begins to make locational sense: the steel arch of the emblematic bridge acting as photogenic backcloth; the UNESCO World Heritage site’s previous guises as 19th-century penal colony and eminent boat-building facility fleshing the show’s historical bones; the theatre of watching collectors delicately coaxing their four-wheeled artworks off a rusty roll-on/roll-off barge in the islet’s wharf before showtime. (After all, if owning a car in this stratosphere isn’t about projecting drama, then what’s the point?)
Throw in an endless endowment of free Champagne for guests and VIP transport from the mainland via superyacht, and it barely matters that the three-day jamboree is, in the words of founder and curator James Nicholls, “a logistical nightmare”.
“People love the energy, the adventure” says the Anglo-Italian, a broadcaster, writer and photographer whose extensive resume includes various stints as a concours judge across the world. “There’s a great contrast between the luxurious motor cars and the industrial environment. The Turbine Shop [a timeworn, hanger-like space used to display the vehicles] is where ocean-going liners and propellers were built. People interested in cars are also interested in that kind of thing but it’s just a backdrop. Cars are the main focal point.”
The concours d’elegance concept (“concours” means “competition” in French) can be traced back to 17th-century Paris, when aristocrats would flaunt horse-drawn carriages in local parks during summer months. Animals eventually gave way to automobiles, and the gatherings mutated into more organised contests in which these new-fangled contraptions were, in somewhat prescient fashion, judged solely on the appearance. The trend spread throughout European high society, before reaching America in 1950 with an inaugural pageant at Pebble Beach, California—a concours which has since evolved into a behemoth of the species, now billing itself as “the world’s most prestigious car show” and drawing 214 vehicles and spectators in the low five figures at the last annual meeting. Other concours are thriving globally, from spectacles in Lake Como in Italy (the longest running event, launched in 1929) to Udaipur in India. Vanity, it seems, remains in vogue.
Among this storied company, Sydney’s interpretation is playing catch-up. But Nicholls insists the local variant—launched in 2019, having occupied three other citywide locations—has no intention of locking horns with competitors. Not numerically, at least.
“In 2024, we had 500 people over the three days; this year we’ll aim for 750. But we’re never going to become a 20,000-people show,” he says. “We want it to be bespoke and beautiful, so people don’t have to queue for a glass of Champagne. You can talk to the car owners, and everyone feels like a VIP.” The overarching aim is to become a “destination event” on the socialite calendar, on par with the Melbourne Cup or the Australian Grand Prix.
While keen to keep paying visitors guessing, Nicholls offers Robb Report a sneak peek into some of the 44 objets booked to occupy the coarse, exposed-brick viewing hall, ranging from turn-of-the-century rarities to modern-day exotics: a 1905 Eugène Brillié 20/24 HP Coupé Chauffeur, believed to be the only one of its ilk left; a 1955 Porsche Speedster 356 “Pre A”, examples of which are valued in excess of $750,000; a Lamborghini Miura 3400, a model famed for its starring role in the opening sequence to 1969’s The Italian Job movie; a 2021 Audi R8 Spyder, an iteration that is no longer being produced and thus quietly accruing kudos.
Up to seven “classes” will be open, including categories solely for Porsche Speedsters and pre-war Australian coachbuilt cars. Two 1930s Bugattis are slated for appearance, one of which is, as this article is being written, on a boat somewhere, on its way to Australia. A panel of seven judges, led by the first ever female concours head assessor, who also adjudicated in 2024, will select the overall “Best in Show” winner—scored last time out by a 1964 Ferrari 250 LM, a model line with a $24 million price tag attached. And in a progressive play designed to lure the oil-shunning generation, an “electric elegance” section will debut. Nicholls estimates the combined value of all this precious metal at around $80 million.
While it would provoke an illicit thrill to discover that frenzied super-collectors were slyly puncturing rivals’ tyres or keying priceless bodywork—skulduggery has plagued other pageants, from dog show Crufts (canine poisoning) to Miss World (rigging allegations)—the entrants are, in keeping with the show’s refined, English-garden-party profile—a gentlemanly bunch. To a point. “They like meeting up, the community that’s here, but they do get competitive,” says Mark Ussher, the Sydney Harbour Concours d’Elegance managing director, and on-the-ground organiser. “They care about their cars but they’re investors as well as collectors. If they win a concours anywhere around the world it adds value to the car.”
Which makes it doubly important that, surrounded by all that deep Harbour water, everyone remembers to put their handbrake on.
The Sydney Harbour Concours D’Elegance runs from February 28th-March 2nd 2025; sydneyharbourconcours.com.au
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Jannik Sinner Is the First Tennis Player to Take a Luxury Bag Onto Wimbledon’s Centre Court
The 23-year-old Italian flaunted a custom Gucci duffle bag on center court.
Jannik Sinner aced the style game at last year’s Wimbledon Championships.
The Italian tennis star turned up to his match against Juan Manuel Cerundolo with a custom Gucci duffel bag on his shoulder. It marks the first time a designer bag has been carried onto centre court in the history of the prestigious, centuries-old tennis tournament, as reported by Women’s Wear Daily.
The duffel, which Sinner describes as a “timeless classic,” showcases the house’s signature beige and ebony colorway, the iconic GG monogram, and a contrasting green and red web stripe. It also features the athlete’s initials near the straps. Ironically, the rather traditional design has called into question a 150-year tradition.
“For sure this will create a conversation,” Sinner told WWD before defeating Cerundolo in straight sets. “Bringing sport and luxury fashion together in this way is something that’s never been done before and I feel extremely proud to be a part of it. I hope people will love it as much as I do.”
Wimbledon’s dress code is extremely strict: Players have been required to wear white at the event since 1877, with not even off-white or cream permitted on the court. Tennis whites were originally instated as it was believed the ensemble showed less sweat, as reported by Time. The tradition has continued out of respect for the sport’s history and a desire to maintain formality.
The rules are enforced, too: Our own player Nick Kyrgios was allegedly fined $25,000 for rocking red Air Jordan trainers at 2023’s tournament. Interestingly, the decidedly non-white Gucci accessory was reportedly given the all-clear by the powers that be. A spokesperson for Gucci told WWD the house worked with Sinner’s team “for the approvals from the ITF (International Tennis Federation), ATP (Association of Tennis Professionals), and Grand Slams, including Wimbledon, to ensure the bag met the necessary requirements.”
The 23-year-old, who turned pro at age 18, became a Gucci ambassador in 2023 in his first luxury fashion endorsement. “Gucci for me represents Italian excellence around the world, excellence which is rooted in tradition as much as in innovation,” Sinner said. “This is the kind of message I am proud to convey when I represent my country wherever I am in the world.”
The Italian player was capture in action last week during his 1st round men’s singles match against Nicolas Jarry (from Chile) on day two of the Australian Open at Melbourne Park with more Gucci gear. Sinner carried a custom duffle bag crafted by HEAD and designed by Gucci to the men’s singles match on day two of the Australian Open tennis tournament in Melbourne.
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Forget fantasy football—what about a heavenly hotel? Imagine you could create one from scratch, cherrypicking the best aspects of the world’s most noteworthy recent openings and reopenings, combined into the perfect, impossible property. That’s what we’ve done, from the best rooftop restaurant for supper to the only beach club where’s it’s truly worth basking in the sun, this is the world’s ultimate hotel. The only thing we can’t arrange: the chance to check in.
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Hole In One
The Citizen Kanebridge VHG Golf Open Returns to The Southern Highlands This February.
The third annual Citizen Kanebridge VHG Golf Open Day is happening again this year at Citizen Kanebridge Lodge in the Southern Highlands on Friday, February 21. Players will tee off from 8 am for a day of unrivalled bucolic hospitality in the spirit of friendly competition.
The Open unites forces with the operators of Mount Broughton in Sutton Forrest to stage the popular day, in which teams of four enter to enjoy 18 holes of unadulterated fun.
Players will meet at the clubhouse, where—golf aside—they will be served breakfast, lunch and liquid refreshments throughout the day before heading back to Citizen Kanebridge Lodge for a special dinner, fun awards ceremony and more drinks.
Located just 10 minutes from the Citizen Kanebridge Lodge in Berrima, the stunning Mount Broughton course gives players—male and female, and ranging from amateur to semi professional—the chance to compete in a golf day with plenty of high-jinks and food along with way.
The event is part of the new offering from Citizen Kanebridge, a private membership club based in Sydney. Citizen Kanebridge allows members to have access to the Robb Report Club(RR1) based in the United States of America, Citizen Kanebridge Lodge in the Southern Highlands of NSW, and The Royal Automobile Club of Australia (RACA) in Circular Quay, Sydney.
Members interested in Golf Open Day, may enquire by reaching out to leanne@citizenkanebridge.com.au. For more information on Golf Open day, you can download the information brochure here.
Love golf? jump to our golf connoisseurship package from the Spring 2024 issue of Robb Report ANZ.
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