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Jess Stonestreet Jackson Jr.

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(Redirected from Stonestreet Stables) Founder of Kendall-Jackson wine empire
Jess Stonestreet Jackson
Born(1930-02-18)February 18, 1930
Los Angeles, California
DiedApril 21, 2011(2011-04-21) (aged 81)
Geyserville, California
Alma materUniversity of California, Berkeley
Occupation(s)Land Use Attorney, Wine Entrepreneur, Horse Racing owner and breeder
SpousesJane Kendall Jackson, Barbara Banke
Parent(s)Jess Stonestreet Jackson Sr. and Gertrude (Brock) Jackson

Jess Stonestreet Jackson Jr. (February 18, 1930 – April 21, 2011) was an American billionaire wine entrepreneur, lawyer, racehorse owner, and businessman. He started the Kendall-Jackson wine business with his first wife, Jane Kendall (Wadlow) Jackson. The family's 1974 purchase of an 80-acre (32 ha) pear and walnut orchard in Lakeport, California, was converted to a vineyard. As of 2010, Vintner's Reserve Chardonnay was one of the most popular wines on the market.

Early life and education

Jess Jackson grew up during the Great Depression and was raised in San Francisco's Sunset District. His father, a teacher, was out of work three times while he was growing up, and there were times when the family had to survive on rice. To help support his family, Jackson started working at an early age. From the age of five, when he got his first job as a paper boy, he worked a variety of jobs including candy maker, a soda jerk, a temp at the post office, a hops picker, a longshoreman, a teamster, a lifeguard, and an ambulance driver.

Jackson graduated from San Francisco's Abraham Lincoln High School. He earned a law degree from the University of California, Berkeley. While studying law he worked as a dock laborer, a Berkeley policeman, and an ambulance driver to put himself through school. Upon his graduation from Berkeley in 1951, Jackson started practicing real estate law.

Wine production

In the late 1950s, Jess Jackson started a law firm in the San Francisco area, specializing in property rights issues. Jackson was one of the founding members of the American California Trial Lawyers Association. In the 1970s, he was also one of the four founding members of Decimus, a company that leased IBM mainframe computers to corporations.

Jess Jackson, owner of Jackson Family Wines and Stonestreet Farms

In 1974, Jackson and his first wife, Jane Kendall Jackson, purchased an 80-acre pear-and-walnut orchard in Lakeport. He converted it to growing Chardonnay and other varietals after realizing that there was increasing demand for high-quality grapes in the area. He sold the property's grapes to local wineries until 1981, when a down market led to a surplus of grapes on the market. Faced with the prospect of selling his grapes for a price that wouldn't cover the costs of growing them, he decided to make his own wine. He decided to produce affordable wines with an emphasis on quality, and, two years later, he released the first Kendall-Jackson Vintner's Reserve Chardonnay. That year it became the first wine ever to win a Platinum Award from the American Wine Competition.

Jackson and Kendall divorced in the early 1980s and Jackson later married Barbara Banke. Banke became his co-manager of their wine businesses. Jackson and Banke continued to expand their business, eventually owning about 25,000 acres in California, 14,000 of which were planted with wine grapes.

In 1992, Jackson prevailed in a highly contentious lawsuit against his former winemaker Jed Steele that prohibited Steele from revealing the formula for the Vintner's Reserve Chardonnay. In 1997, Jackson lost a lawsuit against E & J Gallo Winery in which he alleged that Gallo's Turning Leaf label was a ripoff of his Vintner's Reserve.

Among the wineries in his Jackson Family Wines portfolio, as of 2009, are Kendall-Jackson, Murphy-Goode, and Robert Pecota Winery. As of early 2009, it was ranked as the ninth largest winery holding company in the United States. Jackson's brands at the time of his death were producing 5 million cases of wine annually.

In 2005, Jackson was listed by Forbes magazine as tied for the 366th wealthiest person in the world, with $1.8 billion in assets. The 2010 list by Forbes magazine placed Jackson as the 536th richest person in the world, with $1.9 billion in assets.

Vintner's Reserve Chardonnay

Kendall-Jackson Vintner's Reserve Chardonnay debuted in 1982 with a 16,000-case production. In 1983, Vintner's Reserve Chardonnay won first ever Platinum Award from the American Wine Competition. American's demand for Chardonnay picked up at the same time.

Kendall-Jackson Vintner's Reserve help Chardonnay become the most popular grape varietal amongst American wine drinkers. Vintner's Reserve Chardonnay is the most popular selling wine made from that varietal, which makes it the most popular wine in America.

Ray Isle of Food and Wine Magazine ranked Vintner's Reserve Chardonnay as one of his "50 Wines You Can Always Trust" in April 2007.

A People Magazine article also reported that Barack Obama owned a bottle of the company's chardonnay.

Vintner's Hall of Fame

Jess Jackson was inducted into the Vintner's Hall of Fame in 2009 for his outstanding contributions to the wine industry. He was among several others being inducted that year, including winemaker Warren Winiarski, whose Stag's Leap Cabernet Sauvignon won first place over Chateau Mouton Rothschild and Chateau Haut-Brion in the 1976 Judgment of Paris, and the Beringer Brothers, whose wines helped to establish Napa Valley's reputation as a top grape-growing region.

Thoroughbred racing

In 2007, Jackson bought a controlling interest in the champion racehorse Curlin, who won the Preakness Stakes and the Breeders' Cup Classic that year. In 2008, the horse won the $6 million Dubai World Cup.

Jackson won the Sportsman of the Year 2008 Insider Award: "To owner Jess Jackson for believing in the greatness of his beloved Curlin then went above and beyond the call to prove it."

Jackson's investments in racehorses totaled over $200 million.

Death

After several years of treatment for melanoma, Jackson died on April 21, 2011. He was buried in a newly-created 12,000 square-foot cemetery on an Alexander Valley hilltop.

See also

References

  1. ^ "How to Be a Billionaire". Entrepreneur. March 2010. Retrieved 2011-06-14.
  2. ^ Fish, Tim, "Sonoma Vintner Jess Jackson Dies", Wine Spectator, 15 June 2011, p. 14.
  3. "Obituary: Jess Stonestreet Jackson, 1930-2011 | Inc.com". 2022-10-05. Archived from the original on 2022-10-05. Retrieved 2024-02-12.
  4. Jon Bonné (2009-07-22). "Atlanta blogger wins Murphy-Goode's 'dream job'". San Francisco Chronicle.
  5. Tim Fish (2006-06-23). "Jess Jackson Makes Another Purchase". Wine Spectator. Archived from the original on 2009-08-01. Retrieved 2009-07-22.
  6. "The Top 30 U.S. Wine Companies -- Profiles". winebusiness.com. 2009-02-15.
  7. "Obituary: Jess Stonestreet Jackson, 1930-2011 | Inc.com". 2022-10-05. Archived from the original on 2022-10-05. Retrieved 2024-02-12.
  8. "#536 Jess Jackson". Forbes. March 10, 2010. Archived from the original on July 29, 2017. Retrieved September 1, 2017.
  10. "California Wine | Will it be Merlot or a Cabernet Sauvignon". Professorshouse.com. Archived from the original on 2011-10-05. Retrieved 2011-06-14.
  11. ^ "Great Moments from 30 Years of Wine | Food & Wine". Foodandwine.com. Archived from the original on 2011-06-24. Retrieved 2011-06-14.
  12. ^ wil gerken; nathan hendler; doug floyd; amy burnham. "Arts & Leisure: The Chameleon of Wines (Austin Chronicle . 04-12-99)". Weeklywire.com. Archived from the original on 2011-09-30. Retrieved 2011-06-14.
  13. "Who is the Average Wine Consumer? - Vinography: A Wine Blog". Vinography. 2009-09-19. Retrieved 2011-06-14.
  14. Isle, Ray. "50 Wines You Can Always Trust | Food & Wine". Foodandwine.com. Retrieved 2011-06-14.
  15. Sobieraj, Sandra (2008-08-04). "The Obamas Get Personal - 2008 Presidential Elections, Kids & Family Life, politics, Barack Obama, Michelle Obama". People.com. Retrieved 2011-06-14.
  16. "Obituary: Jess Stonestreet Jackson, 1930-2011 | Inc.com". 2022-10-05. Archived from the original on 2022-10-05. Retrieved 2024-02-12.
  17. "Wine's Success Now in Soil / Vintners' new strength is appellation, appellation, appellation". The San Francisco Chronicle. December 5, 2008.
  18. ^ Grimes, William (April 21, 2011). "Jess Jackson, Lawyer Who Built Kendall-Jackson Winery, Dies at 81". The New York Times.
  19. "Top Form and Upsets in 2008 Insiders Awards | Horse Racing Awards | Horse Racing Awards | Horse Racing Winners". Horseraceinsider.com. 2009-01-21. Archived from the original on 2011-07-12. Retrieved 2011-06-14.
  20. Coursey, Chris (March 27, 2013). "Burial laws are easy to break". Santa Rosa Press Democrat. Retrieved 2021-01-02.

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