Mike Bloomberg, the former New York City mayor and former presidential candidate, has dropped $44.79 million on a Colorado ranch, Katherine Clarke reported for The Wall Street Journal.
The New York billionaire, who's worth $56.2 billion, bought the 4,600-acre property from Wall Street titan Henry Kravis, who cofounded private equity firm KKR.
Bloomberg's failed presidential campaign cost him more than $1 billion, but that didn't stop him from snapping up the Colorado property just six weeks after he ended his bid for president.
The ranch, known as Westlands, comes with a 19,000-square-foot main house, a helipad, helicopter hangar, four-hole golf course, swimming pool, tennis court, guest cabins, and staff buildings. It's about an hour's drive from Aspen, the most expensive ski town in the US. The property was listed for $46 million by Brian Smith of Hall and Hall. The ranch brokerage declined to comment for this article.
Bloomberg has already owned property in Colorado for years. In the ski town of Vail, he has a four-bedroom condo in a hotel-like building with maid service and concierge service. And that's just a sliver of his real-estate portfolio, which includes tens of millions of dollars worth of property in New York City, the Hamptons, upstate New York, London, Bermuda, and Florida.
Take a look inside the billionaire's sprawling new ranch.
Read the original article on Business Insider
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