Bill Gates makes $80 million land deal in far West Valley

Shop Contact Us Business Real Estate Lifestyle Ranking Arizona Publications Awards & Events Shop Contact Us Real Estate / Bill Gates makes $80 million land deal in far West Valley Bill Gates makes $80 million land deal in far West Valley Real Estate | 7 hours ago | AZRE One of the richest men in the world is about to make a big impression on Arizona. Bill Gates, the second richest man in the world behind amazon.com founder and CEO Jeff Bezos, paid almost $80 million for a huge chunk of property in the far West Valley, according to a report from Business & Real Estate Weekly of Arizona. The report says a division of Gates’s Cascade Investment bought a controlling interest in a nearly 20,000-acre tract of land known as Belmont. The property is located off  I-10 at 339th Avenue. The land could end up being along the planned Interstate 11 highway, the proposed freeway that would link Phoenix to Las Vegas. The property could one day be home to 80,000 residential homes and nearly 4,000 acres of office, industrial and commercial property. Gates is co-founder of the Microsoft Corporation along with Paul Allen. In 1975, Gates and Allen launched Microsoft, which became the world's largest PC software company. During his career at Microsoft, Gates held the positions of chairman, CEO and chief software architect, while also being the largest individual shareholder until May 2014. Gates stepped down as chief executive officer of Microsoft in January 2000, but he remained as chairman and created the position of chief software architect for himself. In June 2006, Gates announced that he would be transitioning from full-time work at Microsoft to part-time work and full-time work at the Bill & Melinda Gates Foundation. He gradually transferred his duties to Ray Ozzie and Craig Mundie.He stepped down as chairman of Microsoft in February 2014 and assumed a new post as technology adviser to support the newly appointed CEO Satya Nadella. Gates is one of the best-known entrepreneurs of the personal computer revolution. Later in his career, Gates pursued a number of philanthropic endeavors. He donated large amounts of money to various charitable organizations and scientific research programs through the Bill & Melinda Gates Foundation, which was established in 2000. Check back to azbigmedia.com for more details as they emerge. Comments Previous Post West-MEC officially unveils 5th campus in Surprise Most Recent Articles Hockey, pro soccer part of ASU’s plan for multi-use Sun Devil Stadium Diodoro on track to become Turf Paradise’s winningest trainer Suzanne Kinney is new president of NAIOP Arizona Get inspired by women entrepreneurs at ‘Dream, Girl' screening West-MEC officially unveils 5th campus in Surprise Categories Awards & Events AZ Big Media events Networking events Business News Aerospace Banking Bioscience Business Angels Nonprofit Business Leaders CEO Series Newsmakers Women In Business Consumer News Economic Development Associations Economy Education Energy Environment Financial Management Government Healthcare Hospitality Jobs Law Marketing Mobile Politics Small business Social Media Special Series Sports Technology Transportation Tourism Weather Workforce Lifestyle Accommodations Adventures Automobiles Consumer news Movie reviews New products Product Reviews Date Night Family fun Fashion Health & fitness Home & Design Interior Design Kitchen & bath Landscaping Restaurants Resorts Shopping Spas Things to do Travel Real Estate Big Deals Brokerage Industrial Investment Office Retail Commercial Real Estate Architecture Building Green Construction Senior Living Site Selection Education Hospitality Medical Mixed-Use Multifamily New to Market Property Management Residential Real Estate Blogs About Us & OpportunitiesAbout AZ Big Media Our Team Write For Us Internships Careers Professional Association Partners AdvertisingLogos & Media Kits Digital Ad Specs Print Ad Specs ABL & PTK Print Ad Specs Home & Design Print Ad Specs Upload Your Artwork Legal & TechnicalPrivacy Policy Content Disclaimer Advertisers & Sponsors Disclaimer Event Disclaimer Terms and Conditions Newsletter Signup Name*Your Email* NameThis field is for validation purposes and should be left unchanged. This iframe contains the logic required to handle Ajax powered Gravity Forms. Copyright 2017 AZ Big Media. All Rights Reserved.