Rupert Murdoch Buys Winery for $28.8 Million

By Chris O'Shea Comment

Rupert Murdoch is getting into the wine business. The Wall Street Journal reports that he has purchased Moraga Vineyards for $28.8 million. Murdoch first heard of the winey via an article in the Journal. Of course.

The winery is located on 13 acres in Bel Air, and boasts a 7,500-square-foot main house (built by Victor Fleming, who directed Gone With The Wind and The Wizard of Oz), a guest house, staff quarters, a tasting room, and a 2,300-square-foot winery that produces about 1,500 cases of vino a year. The deal also includes about $4 million in wine inventory.

Murdoch isn’t just going to be an owner who stands idly by, either. According to Jim Kline, the listing agent, “He’s [Murdoch] excited about learning the wine-making business.”

If Murdoch puts his mug on the label, we’re buying a case. Mark our words.