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Kieu Hoang: New Billionaire Winery Owner A Self-Made One-Man Conglomerate

October 3, 2014 | Filed under Featured Articles | Posted by

Kieu Hoang and his namesake winery seem to have burst onto the wine scene from out of nowhere this year with a $240,000 winning bid on a Napa Valley Wine Auction lot on June 7.

He trumped that minutes later by making a $1 million donation to the Fund-a-Need effort. This is the final stage of the auction when bidders raise paddles to donate money with nothing more in return than their own warm fuzzies for helping the less fortunate.

Hoang, center, and the million-dollar bid. (From his Facebook page. Photo originally from the Napa Valley Register.

Huong Hoang (right) watches as her husband Kieu holds up the paddle that brought in the record million-dollar bid. (Image from his Facebook page. Photo originally from the Napa Valley Register.

Hoang’s donation was the largest of the auction, topping even the highest bid for an auction lot. That made a statement even louder than his announcement two days earlier that he had bought the Michael Mondavi family’s Carneros winery.

In September, he followed up with the acquisition of Guilliams Vineyards in St. Helena.

Wine Executive News subscribers please click here to read the complete 1,360-word article with videos.

Also In This Article:

The full text of the following sections is available to premium subscribers of Wine Executive News.

  • 40 YEARS TO OVERNIGHT SUCCESS
  • MAKING FORBES’ BILLIONAIRE LIST
  • WEALTHIEST MAN IN THE US WINE BUSINESS?
  • MOVING, SHAKING AND RATTLING CORPORATE CAGES’
  • NEW HEALTH & NUTRITION START-UP
  • A ONE-MAN CONGLOMERATE WITH A NEW LVMH-LIKE OFFERING
  • GLAMOR FOR THE GLAMOR BUSINESS
  • TRANSFORMERS: AGE OF EXTINCTION
  • NEXT WEEK, PART 2: THE WINERY EMPIRE

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