When we planned this stop, we had no idea that the RV park was adjacent to the Monticello Wine Trail which includes 23 wineries. So we decided to take a break from history and visit some wineries and relax. We were surprised to see a sign for the Trump Winery so we made the stop.
The winery was previously owned by Patricia Kluge who was married to one of the world's wealthiest men but when they divorced in 1990, she walked away with a record $100 million settlement. In the divorce she was given Albemarle - the land, the house, and the antiques - as part of the settlement. She decided to buy a vineyard adjacent to her property and set out to make world-class wines in Virginia. By the mid-2000's, she was producing 10 internationally acclaimed wines and the Kluge Estate Vineyard was valued at $75 million. And then the 2008 financial crisis hit.
Kluge was producing 30,000 cases of wine a year but was only selling a third of it. The vineyard was losing $500,000 a month and the loan went into default in November, 2008. She put her Albemarle House on the market for $100 million, auctioned off her antiques and jewelry in March, 2010 and raised $20 million, which she put back into trying to rescue her winery. The price of Albemarle was slashed to $24 million.
Kluge leveraged literally everything she owned and lost it all. Farm Credit foreclosed on Kluge Estate Vineyard in September, 2010 and Albemarle House was seized in January, 2011. She was doing everything possible to try to save her business.
And then Donald Trump stepped in and bought the winery in April, 2011 and re-opened it as Trump Winery in October, 2011. Since 2012, it has been owned and operated by Eric Trump, trading as Eric Trump Wine Manufacturing LLC.
As we drove in, we were amazed at the beauty of the area. A long drive up a hill and we were there.
I've heard it is a gorgeous winery and your pictures prove it. Yes, a nice break from history.
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