With the news that Steve Jobs’ widow Laurene Powell Jobs purchased an estate in Wellington, Florida for $15.3 million in cash across the street from Bill Gates’ equestrian estate, the town of Wellington, Fla., made national headlines. Wellington, a town of approximately 60,000 around 15 miles east of tony West Palm Beach has become a nexus of wealth and power due to one factor: horses and the people who ride them for show. Jobs and Gates, it just so happens, each sired a daughter with a love of and talent for show riding.
The news of the Jobs’ purchase came fast on the heels of June reports that Bill Gates had purchased what nearly amounted to a whole street in Wellington, simply to provide privacy. Gossip Extra detailed how Gates spent approximately $37 million in Wellington.
But why is this place so attractive to the moneyed elite?