By JeffV editor With his expensive White House campaign now kaput, billionaire businessman Michael Bloomberg is licking his wounds as only a billionaire mogul can: by splashing the cash on yet another pricey home.
The deep-pocketed former New York City mayor has paid about $44.8 million for a sprawling Colorado ranch to be used as a winter retreat.
The 4,600-acre estate was previously owned by Henry Kravis, co-founder of private equity juggernaut KKR, the Wall Street Journal reported.
The ranch is located in a semi-remote corner of northwest Colorado, though it’s only about an hour’s drive from celeb-soaked Aspen.
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