Kieu Hoang, supposed worth two billion dollars made his money from his company, Rare Antibody Antigen Supply Inc. (RAAS), a blood plasma and derivatives business based in Agoura Hills in Southern California. He purchased the 100,000-case-a-year Michael Mondavi Family Estate Winery and has opened Kieu Hoang Winery. The purchase consisted of the existing winery and more than 20 acres of surrounding vineyards and plantable in Napa Valley’s Carneros wine growing region for about $12 million. The sale closed June 5, 2014.
Kieu Hoang, a U.S. citizen originally from Vietnam, threw a grand opening celebration for the Winery Saturday night and invited 300 of his friends and wine club members to the lavish party. He also owns the Guilliams Vineyards, a well-regarded family-operated property in the Spring Mountain District above St. Helena. The November 1st grand opening celebration at the winery was delayed from September 2nd due to the Napa earthquake.
The wines being made include a number of cabernets, a chardonnay, syrah, blends and a wine called People’s Wine intended for the Chinese market. Production is about 10,000 cases and his wines sale for more than $50 per bottle in China and other Asian markets. The only price I saw at the website, $35 per bottle for a 2012 Cab and $30 for the 2012 People’s. You can read more in an article by Paul Franson in the Napa Valley Register. Photos from the Kieu Hoang website.
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