Tags: murdoch | winery

Murdoch Buys $29 Million Winery

Thursday, 29 Aug 2013 04:29 PM

By Dan Weil

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Media mogul Rupert Murdoch is close to closing on a $28.8 million winery in the exclusive Bel Air area of Los Angeles.

Moraga Vineyards has a 7,500-square-foot main home with three bedrooms, four bathrooms and a maid’s quarter, The Wall Street Journal reports.

The house was built for Victor Fleming, director of “Gone with the Wind” and “The Wizard of Oz.”

The property also has a guesthouse with two bedrooms and two bathrooms.

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There are vineyards and a 2,300-square-foot winery that generates about 1,500 cases of wine a year. The sale includes a wine inventory worth about $4 million, according to Kline. Murdoch is "excited about learning the wine-making business," the agent said.

The media mogul discovered the vineyard in a Wall Street Journal story, sources familiar with the sale told the newspaper. News Corp. owns The Journal.

Murdoch signed a contract for the property in April, which he announced on Twitter in May. The long approval process to acquire liquor licenses delayed the closing until now, Kline said.


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