Donald Trump gets a taste for the wine industry

[Geee]

UK Telegraph:

There are already skyscrapers, hotels and golf courses bearing the name of the brash self-publicist, not to mention Trump mineral water, chocolate and tea, so it would seem a safe bet that the product of his latest investment will be labeled Chateau Trump.

But the entrepreneur acknowledged that it was the price rather than the vines that lured him after he bought the 776-acre Kluge winery in Virginia, USA, at auction for a knock-down $6.2 million - about a tenth of its estimated value before the recession.

"I'm really interested in good real estate, not so much in wine," he said. "This place had a $28 million mortgage on it, and I bought it for $6.2 million. It's a Trump deal!"

He said he planned to keep on his friend Patricia Kluge, 62, the previous owner, and her current husband, former IBM executive William Moses, to run the operation. "She has a great instinct for wine, which I don't," he said.