Golden Coast. Morey-Saint-Denis and its two “owners” at 200 billion dollars

On April 14, 2014, the news broke: CEO Bernard Arnault had acquired Clos des Lambrays, one of the most renowned wine estates in Burgundy. The wealthiest man in France, who is also the head of LVMH, already owned 11.66 hectares of vineyards in the world’s most expensive wine region. In March 2020, he funded a major project to expand the winery’s cellars and renew its fermentation room, which produces 30,000 to 40,000 bottles annually. On June 21, Arnault traveled to the estate in an Airbus A319, reigniting the debate over private jet use. According to our sources, the businessman is about to purchase additional vineyards in the same village.

Morey-Saint-Denis is now home to two French billionaires with a combined net worth of 200 billion dollars. François Pinault, the owner of the Artémis-Kering group, purchased 7.5 hectares of the Golden Coast in October 2017.