Articles in the Wall Street Journal and Blood Horse say that Microsoft co-founder and one of the world's wealthiest men, Bill Gates, has purchased the southern California property Rancho Paseana from diet maven Jenny Craig for $18 million. Craig and her late husband Sid were major players in California thoroughbred racing for some years and the property was used as a training and lay-up facility for their racing stable, which included stars like Dr. Devious, Sidney's Candy, Paseana and Candy Ride.
Of course, the true indicator of wealth, admission to the company of the world's richest, is the incredibly expensive hobby of thoroughbred racing. Bill Gates, while being constantly portrayed in the media as one of the world's richest men, has yet to start setting fire to money by indulging in the sport of kings. Hopefully he'll begin to do so from his new base near the Del Mar Thoroughbred Club. Trainers, jockeys, grooms, and bettors would all welcome a Gates money infusion in a sport that's been in a downward spiral for thirty years.