Tags: murdoch | winery

Murdoch Buys $29 Million Winery

By Dan Weil   |   Thursday, 29 Aug 2013 04:29 PM

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.

Urgent: Should U.S. Strike Syria? Vote Here

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.


© 2015 Newsmax. All rights reserved.

1Like our page
2Share
US
Media mogul Rupert Murdoch is close to closing on a $28.8 million winery in the exclusive Bel Air area of Los Angeles.
murdoch,winery
177
2013-29-29
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved