bill-gates-wellingtonCongrats Wellington, the average net worth of you and each Wellington resident just increased by about $17,493 when Bill Gates moved to town! According to several news sources (Huffington, Forbes), Bill and Melinda Gates recently purchased a 8.7 million dollar estate in Wellington.

The estate is reported to be a 7,234 square foot, open-style floor plan complete with a 20 stall barn and horse jumping area. The Gate’s home is located in Mallet Hill, a small gated community which is adjacent to the Boys and Girls club on South Shore Blvd.

Here’s the property description from RedFin:

Beautifully landscaped 4.8 acres in Mallet Hill, 20 stall barn (subject to HOA approval), completely new construction. Home has very open floor plan, tiled flooring and exquisite features. Dacor and Whirlpool appliances, Granite countertops in Kitchen with custom made English cabinetry, double oven, porcelain warming cabinet and subzero wine refrigerator, Dacor and Whirlpool appliances. Luxbaum windows and 10 foot mahogany front doors … Built in Grill/BBQ in patio area. NE field 1.5 acres has potential for grand prix field. SW field is 1.78 acres. Unique property shape for Mallet Hill, so many possibilities.

The Gates aren’t really new to Wellington, though. It’s been reported that they rented this same home in the past to attend the Winter Equestrian festival in years past.

The Gates join the ranks of Wellington’s top celebrity residents which include Vanilla Ice, Amy Fisher, Tommy Lee Jones (former resident) and others.