Rupert Murdoch, vintner? It’s true. Unlike fellow billionaire Warren Buffett who has invested on the less glamorous (but more profitable?) distribution side of the wine biz, the media magnate is going for the glitz–near Hollywood, no less. He’s buying what may well be the only commercial vineyard in LA, the 16-acre Moraga Estate in Bel Air that was listed for $29.5 million. Murdoch broke the story on Twitter of all places; now the story has been picked up real estate blogs, which have abundant photos. The seller is Tom Jones, former CEO of Northrop Grumman.
I wonder if the wine will now have a certain, er, foxiness to it? If he were to rename it, what would it be called?