U.S. Markets closed

Rupert Murdoch's $30 million Southern California estate is under threat from wildfires

Mark Matousek
moraga estate

Facebook.com/MoragaEstateVineyardsBelAir


 

Rupert Murdoch's home and winery in the Bel Air enclave of Los Angeles are under threat from nearby wildfires.

Murdoch bought the 16-acre property, called Moraga Estate, for $29.5 million in 2013. It includes a large, five-bedroom residence as well as a winery and vineyard, which Murdoch uses to produce and sell wine.

Bloomberg reported that the property is within the current evacuation zone, and NBC is reporting that it has caught fire. The estate is located near the 405 freeway, which authorities have closed. 

Moraga posted a statement on its Twitter account: "We are watching the situation unfold very carefully along with everyone else. Our main concern at the moment is for the safety of our neighbors and first responders." 

Wildfires have been burning in Los Angeles and Ventura Counties since Monday evening. Nearly 200,000 people have been evacuated from their homes, and more than 65,000 acres and 150 structures have been damaged as of Wednesday morning. Gov. Jerry Brown has declared a state of emergency.

California wildfire

AP Photo/Noah Berger

The current crisis follows the deadliest series of wildfires in California's history, which spread through Nothern California in October.

Here's a map charting the current fires:

California Fires 10/6 (10 a.m.)

Cal Fire

NOW WATCH: The CIO of a crypto hedge fund reveals why you should be cautious of the ICO bubble

See Also:

SEE ALSO: Here's how to help victims of the Southern California wildfires