The Wall Street Journal
Billionaire software entrepreneur and philanthropist Tom Siebel is offering a 62,000-acre Montana cattle ranch for $45 million.
About 90 miles north of Billings, Mont., the property, N Bar Ranch, is one of the state's oldest and largest cattle ranches. N Bar, founded in 1885 and comprising grassy foothills and valleys, open meadows and aspen forests, supports 1,500 head of cattle and specializes in raising purebred Aberdeen Angus cows. The white frame buildings of the original ranch headquarters are part of the National Register for Historic Places. Crossed by several trout-filled creeks and streams, the 97-square-mile ranch includes about 51,400 deeded acres and about 10,600 acres of leased lands. There's a 2,500-square-foot farmhouse, a guest house and an airstrip.
Mr. Siebel, 57 years old, bought the property nine years ago. A former Oracle Corp. executive and onetime protégé of Oracle chief executive Larry Ellison, Mr. Siebel later founded Siebel Systems Inc., which made software that helped companies manage sales representatives and interact with customers, and sold his company to Oracle in 2006 for $5.8 billion. He is founder and chairman of the Meth Project, an anti-methamphetamine campaign. Joel Leadbetter of Hall and Hall has the listing.
Godaddy.com Founder Buys Hawaiian Home Built by Cher
Bob Parsons, the founder and CEO of Web-hosting company GoDaddy.com, paid $8.72 million for a Balinese-style house on Hawaii's Big Island that was built by Cher and went to auction last month. "We never thought in a million years that we'd end up being the buyer," says Mr. Parsons.
GoDaddy.com helps consumers register Web domain names and is also known for its racy Super Bowl TV ads. The Hawaiian property, at the Four Seasons' Hualalai resort, includes a main house flanked by four one-bedroom bungalows. Singer-actress Cher bought the 0.76-acre property in December 2004 for $2.9 million and last year began building the house but never lived in it. Concierge Auctions handled the sale along with Rob Kildow of Hualalai Realty. Though the house comes furnished, Mr. Parsons says, "I'm bringing a bigger TV."
A 52% Cut From $100 Million
Unable to sell her 300-acre English country estate in Charlottesville, Va., philanthropist Patricia Kluge is now listing the property at $48 million, 52% off the original $100 million asking price in October.
Ms. Kluge, 61 years old, is the former wife of billionaire John Kluge, founder of the Metromedia broadcast and cellphone empire. The estate, near Thomas Jefferson's Monticello, includes a 45-room neo-Georgian manse of about 23,500 square feet with eight bedrooms and 13 baths. The 1985 home also has a theater, spa and sauna. There's a pool, a log cabin, a greenhouse, three stocked ponds, a croquet lawn and several cottages for staff. The contents of the house, including antiques, art and English furniture will be auctioned by Sotheby's in June. Michael Rankin of TTR Sotheby's International Realty has the house listing.