Rupert Murdoch’s L.A. Shopping List Rumored to Include Winery
Word has it News Corp. CEO Rupert Murdoch has considered buying Moraga Vineyards in Bel Air, as well as the Los Angeles Times.
Update: The vineyard purchase is a done deal. Murdoch just tweeted, "About to celebrate buying beautiful small vineyard right in LA. Great wine, Moraga, owned by great Angelino Tom Jones. Time cover 1961!"
News Corp. Chairman and CEO Rupert Murdoch’s portfolio already includes a major film studio, office buildings, television production and broadcast facilities, and a grand Beverly Hills mansion. It’s rumored he’s also considered adding the Los Angeles Times to his collection. And now, The Hollywood Reporter suggests he might be acquiring a unique and prestigious West Side winery as well.
About the House
- Potential Buyer: Rupert Murdoch, founder, Chairman and CEO of News Corporation
- Listed By: Jim Kline of Surterre Properties Inc.
- Price: $29,500,000
That would be the 13-acre Moraga Vineyards in Bel Air, Calif. The property is located in a bucolic canyon not far from the 405 Freeway, just a stone’s throw away from the Getty. The historic, one-of-a-kind compound is currently listed at $29.5 million.
The main residence on the property measures 7,500 square feet. It’s been substantially updated, but still retains many classic 1930s features. There’s also a guesthouse and adjacent office. But most valuable of all is the fully staffed, state-of-the-art winemaking operation, producing about 1,500 cases of highly rated red and white vintages annually.
About $4 million worth of inventory is included in the asking price. Some Moraga vintages go for more than $1,500.
Victor Fleming, director of both Gone With the Wind and The Wizard of Oz, was the first owner of the property. In his day it was a horse ranch. Clark Gable, Vivian Leigh, Spencer Tracy and Ingrid Bergman, along with U.S. presidents and international dignitaries, have all been entertained on its lush grounds.
Current owner Thomas Jones, former CEO of aerospace colossus Northrup, purchased the property from Fleming and started the vineyard in the 1970s. Jones retired in 1989, and now he and his wife are ready to let go of the estate that has been their family home for decades.
So will it soon
become the new family estate of the Murdochs? Time will tell. As with the Los Angeles Times, Murdoch is said to
feel that the timing is not quite right — yet.