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Sometimes, things are just meant to be. By the beginning of April, Henry Kravis undoubtedly knew that things had gone badly for KKR in the first quarter. Like, really badly. He might yet not have known it was a $1.28 billion loss bad, but he knew enough. Certainly enough to know it was time to do what it took to offload the ranch.

Elsewhere on the Upper East Side, another billionaire was feeling a keen need. Michael Bloomberg was not going to be president, and was feeling the need for a bit more social distance than his penthouse in Vail (or his 22,000-square feet in the Hamptons or 50-plus acres in Westchester or the place in Bermuda) can offer. It was simply meant to be.

Michael Bloomberg has quietly paid $44.79 million for a Colorado ranch… Mr. Bloomberg bought the roughly 4,600-acre ranch in northwest Colorado from Henry Kravis, co-founder of private equity giant KKR. Known as “Westlands” and located about an hour’s drive from Aspen, the property was listed for $46 million early last year.

The deal closed April 14, about six weeks after Mr. Bloomberg dropped out of the presidential race.

Michael Bloomberg Pays $44.79 Million for Henry Kravis’s Colorado Ranch [WSJ]
KKR Reports Loss of More Than $1 Billion, Hurt by Market Volatility [WSJ]


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Mike Bloomberg Decides Being A Billionaire Is Way Better Than Being President

It’s yet another way in which he’s intellectually superior to the man he won’t be succeeding.

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President Bloomberg Puts Down Payment On Friendly First-Term Congress

Hizzoner hopes a few checks and balances will mean there will still be a country for him to run in three years.

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Things Michael Bloomberg Should Do Other Than Run For President No. 1: Buy The Knicks

Let’s brainstorm better ways to spend Mike Bloomberg’s money than on a doomed bid for president.

What he likes to see. By Rubenstein [CC BY 2.0], via Wikimedia Commons

SEC Settles No Longer Politically Convenient Case Against Bloomberg

No point in letting this hang over his head a la Hillary’s e-mails.

Jamie Dimon Candidate

Michael Bloomberg Thinking About Running For President Again As Jamie Dimon Continues To Solve All Of America’s Problems

The wrong billionaire is about to get mauled by Bernie Sanders and Elizabeth Warren in the primaries.


Six People Who Managed Not To Get Fire By Henry Kravis Now Taking Over For Henry Kravis

It takes a half-dozen men what it once took only one Kravis and one Roberts to do.