Chinese billionaire, Alibaba founder Jack Ma, buys Bordeaux Château de Sours

Chinese billionaire, Alibaba founder Jack Ma, buys Bordeaux Château de Sours

Jack Ma, China’s second richest person and founder of multi-billion dollar online retailer Alibaba, has become the latest Chinese investor to buy a Bordeaux wine estate with Château de Sours.

 

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* China’s Alibaba founder buys Bordeaux château spanning 80 hectares
* Ma’s personal fortune estimated at US$21.5bn
* Investor plans to create ‘mini Versailles’ – Bordeaux source tells Decanter.com

Alibaba founder Jack Ma has completed the purchase of Château de Sours in Bordeaux, prodcuer of red, white and rosé wines, Decanter.com can confirm.A price was not disclosed.
Ma joins a growing list of Chinese investors in Bordeaux and becomes one of the highest profile château buyers in the French wine region. His personal fortune is estimated at US$21.5bn, according to Forbes, having seen online retail business Alibaba rise rapidly in China and overseas.

According to sources in Bordeaux, Château de Sours is currently undergoing huge renovations to its facade, courtyard and garden, with a full excavation programme already underway of the limestone cellars behind the estate, which date back to 1785.

 

Read more at http://www.decanter.com/wine-news/jack-ma-alibaba-founder-buys-bordeaux-chateau-de-sours-293884/?utm_source=Eloqua&utm_medium=email&utm_content=news+alert+link+20160225&utm_campaign=Newsletter-20160225

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