Julian Robertson’s Family Will Sell New Zealand Winery Business

The late billionaire Julian Robertson's American family is selling the Wellingtonian winery investment company Dry River Wines. Charlie Zheng, the owner of Luna Estate and the luxurious Parehua Lodge, is buying the winery, according to Jay Robertson, chief executive of Robertson Lodges and a spokesman for the family.

Zheng, a wine enthusiast and investor from New Zealand, is listed among the rich persons of this nation on the NBR Rich List. 90-year-old Julian Robertson passed away in August. After visiting New Zealand in 1979, he fell in love with the country and spent his entire life investing and giving to it.

According to Jay Robertson, the family's current economic activities in this area are unrelated to ownership of the Martinborough vineyard. "While my family's deep love and commitment to New Zealand remains strong, the last couple of Covid years gave us the chance to refocus and consolidate our business interests. "With three award-winning New Zealand lodges and two outstanding golf courses under the Robertson Lodges banner, it became evident that tourism, hotels and their restaurants, and golf were our core New Zealand businesses. These pillars will remain our focus for many years to come."

Julian Robertson, a legendary trader who played a key role in establishing the modern hedge fund industry, passed away at the age of 90. Robertson, who was born and reared in North Carolina, served in the Navy for two years after earning his degree from UNC Chapel Hill.

Robertson developed and oversaw Tiger Management for 20 years before selling it. Following the closure of his fund in 2000, he managed his own book and seeded a number of funds established by his followers under the names Tiger Cubs and Tiger Seeds.

One of the greatest philanthropists in the country, Robertson donated $1.3 billion to environmental protection, charter schools, and medical research.