Arthur Blank, the billionaire cofounder of Home Depot and owner of the Atlanta Falcon’s NFL team, just bought a $20 million ranch in Montana, Business Insider learned from real-estate brokerage Hall and Hall.
Blank is worth an estimated $5.3 billion, according to Forbes.
The 77-year-old billionaire says he bought the 9,300-acre ranch for conservation purposes and to “respect the tradition of ranching.”
The Paradise Valley Ranch is near Livingston, a town of 7,700 people that’s attracted Hollywood stars including Jeff Bridges, Meg Ryan, Dennis Quaid, and Michael Keaton.
The ranch, which is about a 30-minute drive from Bozeman and an hour from Yellowstone National Park, is mostly undeveloped.
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The billionaire cofounder of Home Depot just dropped $20 million on a sprawling ranch in Montana.
Arthur Blank, who owns the NFL’s Atlanta Falcons, owns two other ranches nearby. Blank is worth an estimated $5.3 billion, according to Forbes.
The Paradise Valley Ranch was listed for $19.95 million, but the final closing price has not been disclosed, according to real-estate brokerage Hall and Hall, which represented Blank in the sale and claims to be the largest ranch brokerage in the US.
Blank says he bought the ranch to preserve the land.
“What’s most important for our neighbors to know is that this purchase is about conservation, not development,” Blank said in a statement. “We will respect the tradition of ranching while keeping our lands in their original, intact state for the sake of beauty and wildlife.”
Take a look at the 9,300-acre ranch that’s an hour from Yellowstone National Park.
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Arthur Blank, the …read more
Source:: Business Insider