WEALTH
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META<br />
The outsider’s view<br />
NAME<br />
Francis Ford Coppola<br />
BORN<br />
1939<br />
FILMS<br />
38, including The Great<br />
Gatsby (1974), American<br />
Graffiti and The Virgin<br />
Suicides (producer), and<br />
Rumble Fish<br />
ACADEMY AWARDS<br />
8<br />
WINE AWARDS<br />
USA Wine Producer of<br />
the Year award 2011<br />
APOCALYPSE WOW: COPPOLA DIRECTS WINE<br />
Film director and producer Francis Ford Coppola is<br />
also the most famous vintner in California’s Napa Valley<br />
His name is still more internationally famed for<br />
cinema than wine, but the wealth of Francis Ford<br />
Coppola derives more from his work as a vintner<br />
than filmmaker. The legendary director of Apocalypse Now<br />
and The Godfather trilogy is now the biggest single owner of<br />
wineries in California, after first purchasing a portion of<br />
the historic Inglenook estate in the Napa Valley in 1975.<br />
Since then, it has been his passion not only to create<br />
great wine, but to resurrect the renowned vineyards. The<br />
estate was founded in 1879 by Gustave Niebaum, a Finnish<br />
sea captain, and its cabernet wines played a prominent role<br />
in helping define Napa as one of the great wine regions of<br />
the world.<br />
Christie’s rates Inglenook’s 1941 vintage alongside the<br />
1945 Mouton-Rothschild and 1900 Margaux as “some of the<br />
most celebrated, most valuable and longest-lived Cabernet-<br />
Sauvignon-based wines in the world today.”<br />
After purchasing the former home of Niebaum, Coppola<br />
produced his first vintage in 1977, with his family stomping<br />
out the grapes barefoot – a tradition that has continued at<br />
the annual harvest party. The Rubicon and Cask cabernets<br />
produced at Inglenook are considered among an<br />
international elite, commanding upwards of $200 a bottle.<br />
Even in the early years, Coppola said in an interview<br />
for PROJECT M, “the dream of uniting Inglenook burned<br />
within me.” That task proved to be a puzzle. The success of<br />
the film Bram Stoker’s Dracula in the 1990s allowed him to<br />
Francis and Eleanor<br />
Coppola purchased<br />
the Inglenook wine<br />
estate in 1975 and<br />
have spent over 40<br />
years restoring<br />
its heritage<br />
significantly enlarge the estate and move to include<br />
mass-market wines.<br />
In 1995, Coppola brought back the remaining vineyards<br />
and original chateau for $10 million. Flicking through press<br />
clippings about Niebaum and Inglenook’s often turbulent<br />
history, Coppola explains, “I always wanted to make one of<br />
the world’s great wines, and I knew Inglenook had before,<br />
and could again.”<br />
Coppola put the final piece in place when he brought<br />
the iconic Inglenook trademark in 2011. This allowed him<br />
to sell his wines under the original name, completing a<br />
36-year restoration of the estate.<br />
Today, Coppola has almost $100 million invested in the<br />
business. The grapes are entirely organically grown and the<br />
wines have a reputation that perhaps even exceeds that of<br />
Inglenook’s early years. On the commercial side, they are<br />
not performing badly, either. The Coppola Diamond range<br />
is one of the most widely sold wines in US restaurants.<br />
For those who miss the connection between his life’s<br />
two passions, Coppola happily explains that “winemaking<br />
and filmmaking are two of California’s great art forms.”<br />
62 • Allianz