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Benzinga

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Phil Hall

Why Is Bill Gates Eager To Spend $170M For A 17th Century Roman Palazzo?

Bill Gates Daily Beast

Bill Gates has opened his wallet again, and this time he is seeking to acquire a 17th century Roman palazzo.

What Happened: The Daily Beast reports the Microsoft (NASDAQ:MSFT) co-founder instructed the Four Seasons Hotels and Resorts unit of his Cascade Investment LLC to make a $21-million down payment on the Palazzo Marini, with the goal of acquiring the property for $170 million. Gates co-owns Cascade Investment with Saudi investor Al Waleed bin Talal Al Saud.

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