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How Billionaires Play Cowboy

Oct. 27 2008, Published 7:07 a.m. ET

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ROAMIN' EMPIRE Bell Ranch

Bell Ranch very well may be the ultimate property for a paranoid tycoon with a hankering to be a cowboy and $115 million to spare. Located in the Northeast quadrant of New Mexico, this one's all about volume. The ranch is 250,000 acres—390 square miles. It has its own zip code (88441).

And while other mega-estate shoppers are blowing their bonuses on grass tennis courts and infinity pools, the one who snaps up this place gets an included 3,000 head of Red Bell cattle, the ranch's own breed. There's plenty of room for ranch hands, too, with six cowboy camps, a complex of ranch offices, a lake house, and a private airstrip.

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