|
|
The co-founder of the online retail giant Alibaba, Joe Tsai, has acquired several vineyard parcels in Burgundy together with partners, including in Gevrey-Chambertin. This was reported by the news agency Bloomberg, citing an anonymous source and company reports. One of the partners is Oliver Weisberg, CEO of Tsai's investment firm Blue Pool Capital. Both declined to comment on the transaction. Financial details were not disclosed.
The French regulatory authority Safer recently reported that the average vineyard prices in the Côte d’Or have risen by eleven percent to 983,800 euros per hectare in 2023. According to Safer, Grand Cru vineyards in Burgundy have previously been sold for several million euros per hectare. Some transactions involved parcels smaller than one hectare. Joe Tsai has a net worth of 8.9 billion US dollars, according to Forbes.
(al / Source: decanter)