BILL AND HILLARY CLINTON ARE REPORTEDLY CLOSING IN ON AN $11 MILLION 20-ACRE ESTATE NEAR NEW YORK AS THEY PREPARE FOR THEIR DAUGHTER CHELSEA'S WEDDING AT THE END OF THE MONTH. THE FORMER PRESIDENT AND THE CURRENT SECRETARY OF STATE ARE SET TO BECOME NEIGHBORS TO THE LIKES OF RICHARD GERE, MARTHA STEWART AND GLENN CLOSE IN BEDFORD HILLS, 40 MILES NORTH OF NEW YORK CITY. CLOVER HILL FARM HAS HIGH FENCES, TWO GUEST HOUSES AND SIX BEDROOMS IN THE MAIN 7,000 sqft MANSION, AMPLE ROOM FOR FUTURE GRANDCHILDREN AND THE SECRET SERVICE AGENTS THAT PROTECT THE FORMER FIRST FAMILY. THE HOME, WHICH FEATURES A WINE CELLAR, HEATED POOL, ARTIST STUDIO AND STABLE, HAS BEEN PUT UP FOR SALE BY PAUL WALLACE, WHOSE MANHATTAN PROPERTY FIRM THE BROADSTONE GROUP WAS DECLARED BANKRUPT IN MAY. SHORTLY BEFORE BILL CLINTON LEFT OFFICE TEN YEARS AGO HE AND HIS WIFE SPENT THE COMPARATIVELY SMALL SUM OF $1.7 MILLION ON A HOUSE IN CHAPPAQUA, NEW YORK. AT THE TIME THEY FOUND THE FUNDS HARD TO COME BY, BUT SINCE LEAVING WASHINGTON THEY HAVE AMASSED A FORTUNE OF MORE THAN $110 MILLION, THANKS MAINLY TO BOOK DEALS AND CLINTON'S POPULARITY AS A SPEAKER. THE FORMER PRESIDENT HAS EVEN RESORTED TO RAFFLING HIMSELF OUT TO SUPPORTERS OF HIS WIFE'S FAILED PRESIDENTIAL BID IN AN ATTEMPT TO WHITTLE DOWN THE DEBT FROM HER CAMPAIGN, WHICH SHE PERSONALLY LENT $10 MILLION. THE NEW HOUSE DEAL COMES WITHIN DAYS OF CHELSEA CLINTON'S 31.JULY WEDDING TO MARC MEZVINSKY, WHICH HER MOTHER HAS SAID WAS 'TRULY THE MOST IMPORTANT DAY IN MY LIFE RIGHT NOW' AMID THE DEMANDS OF INTERNATIONAL DIPLOMACY.
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