Michael Bloomberg Expands His Real Estate Portfolio With A Massive Ranch Purchase

Now that he's no longer running for president, billionaire Michael Bloomberg has a little more time to relax, which might be why he decided to add yet another property to his expansive real estate portfolio – and this one is pretty expansive all on its own.The Wall Street Journal reports that Bloomberg has purchased a 4,600-acre ranch from private equity firm co-founder (and fellow billionaire) Henry Kravis for almost $45 million.

Located in northwest Colorado, this ranch offers a peaceful escape from the hustle and bustle of city life. It is conveniently situated about an hour's drive from Aspen, a popular destination known for its skiing and vibrant culture. Bloomberg will enjoy a spacious main house featuring 19,000 square feet of living space, which includes five bedrooms, a hot tub, a wine cellar, and even a home movie theater for entertainment.

As a ranch, the property is not just about the main house; it also comes with a variety of recreational facilities. There's a swimming pool, a tennis court, and even a four-hole golf course to keep Bloomberg and his guests entertained. With two guest houses, staff quarters, a helipad, and a hangar specifically for helicopters, it’s clear that this property combines luxury with convenience, allowing Bloomberg to relax in seclusion without sacrificing access to modern amenities.

Of course, if Bloomberg decides to spend very much time here, it's possible he'll want to redecorate Rocky Mountain-style rustic décor, complete with wall-mounted antlers he's probably not used to seeing in New York City.

CBS Denver featured the property, known as Westlands, when Kravis first put it up for sale last year. Take a look:

Bloomberg owns several luxurious properties both in and outside New York City, including homes in Bermuda, London, a condo elsewhere in Colorado, a Florida horse farm, a 50-acre estate in Westchester county, and a home in the Hamptons. He's also well fixed in Manhattan, with a lavish townhouse on the Upper East Side and a plum compound right next to Central Park.

Bloomberg's latest acquisition underscores his commitment to building an impressive real estate portfolio, providing him not just with investment opportunities but also with serene retreats to enjoy his leisure time.