Billionaires Purchase Gigantic Multi-Million Dollar Homes on Ranches
Billionaires are creating multi-million dollar homes on mega-ranches. Sales agent Robb Nelson says it's a real estate "Bonanza." Former New York City Mayor Michael Bloomberg paid $46 million for a 4,600-acre ranch in Colorado. A 41,000-acre ranch in South Dakota is going for $37 million. It includes five bedrooms, a fully equipped gym and a home theater. The ranch is also a money maker with crops, over 2,000 cattle and thousands of wild mustangs.