Jess Stonestreet Jackson Jr.

Jess Stonestreet Jackson
Born (1930-02-18)February 18, 1930
San Francisco, California
Died April 21, 2011(2011-04-21) (aged 81)
Geyserville, California
Alma mater California–Berkeley
Occupation Wine entrepreneur
Spouse(s) Barbara Banke

Jess Stonestreet Jackson Jr. (February 18, 1930 – April 21, 2011) was an American wine entrepreneur, lawyer and self-made businessman. He started the Kendall-Jackson wine business with the family's 1974 purchase of an 80-acre (32 ha) pear and walnut orchard in Lakeport, California that was converted to a vineyard. The first release of Vintner's Reserve Chardonnay in 1982 closed the gap between the super premium and cheap wine market. Today, Vintner's Reserve Chardonnay is one of the most popular wines on the market.[1] His style as a vintner was focused upon single-vineyard, mountain grown wines.

Early life and education

Jess Jackson grew up during the Great Depression and was raised in San Francisco's Sunset District.[2] 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 only 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 careers, including candy maker, a soda jerk, a temp at the post office, a hops picker, a longshoreman, a teamster, a lifeguard, an ambulance driver, among other things, all before graduating from the University of California Berkeley law school.[1]

Jackson graduated from San Francisco's Abraham Lincoln High School. He earned a law degree from Boalt Hall Law School at the University of California, Berkeley. While studying law he simultaneously held down jobs as a dock laborer, Berkeley policeman and an ambulance driver to put himself through school. Upon his graduation from Boalt in 1951, Jackson started practicing real estate law.[2]

Wine production

In the late 1950s, Jess Jackson started a law firm in the San Francisco area, specializing in property rights issues, that went on to argue cases in front of the Supreme Court. Jackson was one of the founding members of the American California Trial Lawyers Association. He also pursued other business interests, including being one of the four founding members in the 1970s of Decimus, a company which leased IBM mainframe computers to corporations.[2]

Jess Jackson, owner of Jackson Family Wines and Stonestreet Farms

In 1974 Jackson and then wife, Jane Kendall Jackson, purchased an 80-acre pear-and-walnut orchard in Lakeport. He converted it to growing premium 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. Instead of following the market by producing low-quality, inexpensive wines, Jackson studied the market and realized that there was a shortage of high-quality wines at affordable prices. He decided to produce wines that would fill that gap, and, two years later, he released the first Kendall-Jackson Vintner’s Reserve Chardonnay. That year it became the first wine to ever win a Platinum Award from the American Wine Competition.[2]

Jackson and Kendall divorced in the early 1980s and Jackson later married Barbara Banke. Banke became his lifelong partner and 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.[2]

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 Jackson alleged that Gallo's Turning Leaf label was a ripoff of his Vintner's Reserve.[2]

Among the wineries in his Jackson Family Wines portfolio, as of 2009, are Kendall-Jackson, Murphy-Goode,[3] Robert Pecota Winery,[4] Byron Estates, Edmeades, Matanzas Creek, La Crema, Stonestreet, Arrowood, Lajota, Cardinale, Atalon, Lokoya, Carmel Road, Cambria, Hartford Family Wines, Vérité, Archipel, Chateau Potelle, and Freemark Abbey Winery. As of early 2009 it was ranked as the ninth largest winery holding company in the United States.[5] Jackson's brands at the time of his death were producing 5 million cases of wine annually.[2]

In 2005 Jackson was listed by Forbes Magazine as the 366th wealthiest person in the world (tied with many others), with 1.8 billion dollars in assets. The 2010 list by Forbes Magazine placed Jackson as the 536th richest person in the world with 1.9 billion dollars in assets.[6]

Vintner's Hall of Fame

Every year the Culinary Institute of America sponsors the induction of wine industry leaders into the Vintner’s Hall of Fame. Nominees are selected by a nominating committee, which creates the list of nominees that is later voted on by group of wine writers, critics, historians, and past inductees. The nominees with the most votes are then inducted into the 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 other industry luminaries being inducted that year, including winemaker Warren Winiarski, whose Stag's Leap Cabernet Sauvignon won first place against Chateau Mouton Rothschild and Chateau Haut-Brion in the 1976 Judgment of Paris and forever changed the way California wines were viewed worldwide, and the legendary Beringer Brothers, whose award-winning wines helped to establish Napa Valley's reputation as a top grape-growing region.[7]

Vintner's Reserve Chardonnay

Kendall-Jackson Vintner’s Reserve Chardonnay debuted in 1982 with a 16,000 case production.[8] In 1983, Vintner’s Reserve Chardonnay won first ever Platinum Award from the American Wine Competition.[9] Not coincidentally, American’s taste for the Chardonnay picked up at the same time.[10] The wine is characterized as an oaky chardonnay with a slightly more residual sugar.

Kendall-Jackson Vintner’s Reserve help Chardonnay become the most popular grape varietal[11] amongst American wine drinkers. Vintner’s Reserve Chardonnay is the most popular selling wine made from that varietal,[10][12] which makes it the most popular wine in America.[11]

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.[13]

Kendall-Jackson Vintner’s Reserve Chardonnay is also a staple in the household of Barack Obama.[14][15]

Thoroughbred horse racing

Jackson won the horseraceinsider.com award 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."[16]

In 2007, he bought a controlling interest in Curlin, who won the Preakness Stakes and the Breeders' Cup Classic that year.[17] In 2008, the horse won the $6 million Dubai World Cup.[17]

Fresh on the heels of Curlin's success, Jackson's Stonestreet Stables, along with Harold T. McCormick, announced on May 6, 2009, the purchase of Rachel Alexandra, winner of the Kentucky Oaks by more than 20 lengths and undefeated in 2009. On May 16, 2009, she won the 2009 Preakness Stakes. She was also named 2009 American Horse of the Year and was bred to Curlin upon her retirement. The resulting offspring, a colt, was named "Jess's Dream".

Jackson's investments in racehorses totaled over $200 million.[2]

Death

Jackson succumbed, after several years of treatment, to melanoma on 21 April 2011.[2]

See also

References

  1. 1 2 "How to Be a Billionaire". Entrepreneur. March 2010. Retrieved 2011-06-14.
  2. 1 2 3 4 5 6 7 8 9 Fish, Tim, "Sonoma Vintner Jess Jackson Dies", Wine Spectator, 15 June 2011, p. 14.
  3. ↑ Jon Bonné (2009-07-22). "Atlanta blogger wins Murphy-Goode's 'dream job'". San Francisco Chronicle.
  4. ↑ Tim Fish (2006-06-23). "Jess Jackson Makes Another Purchase". Wine Spectator.
  5. ↑ "The Top 30 U.S. Wine Companies -- Profiles". winebusiness.com. 2009-02-15.
  6. ↑ "#536 Jess Jackson". Forbes. March 10, 2010.
  7. ↑ "Wine's Success Now in Soil / Vintners' new strength is appellation, appellation, appellation". The San Francisco Chronicle. December 5, 2008.
  8. ↑
  9. ↑ "California Wine | Will it be Merlot or a Cabernet Sauvignon". Professorshouse.com. Retrieved 2011-06-14.
  10. 1 2 "Great Moments from 30 Years of Wine | Food & Wine". Foodandwine.com. Retrieved 2011-06-14.
  11. 1 2 wil gerken; nathan hendler; doug floyd; amy burnham. "Arts & Leisure: The Chameleon of Wines (Austin Chronicle . 04-12-99)". Weeklywire.com. Retrieved 2011-06-14.
  12. ↑ "Who is the Average Wine Consumer? - Vinography: A Wine Blog". Vinography. 2009-09-19. Retrieved 2011-06-14.
  13. ↑ Isle, Ray. "50 Wines You Can Always Trust | Food & Wine". Foodandwine.com. Retrieved 2011-06-14.
  14. ↑ 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.
  15. ↑ Teichgraeber, Tim (2008-11-11). "Kendall-Jackson first to woo Obama | Daily wine news - the latest breaking wine news from around the world | News". decanter.com. Retrieved 2011-06-14.
  16. ↑ "Top Form and Upsets in 2008 Insiders Awards | Horse Racing Awards | Horse Racing Awards | Horse Racing Winners". Horseraceinsider.com. 2009-01-21. Retrieved 2011-06-14.
  17. 1 2 Grimes, William (April 21, 2011). "Jess Jackson, Lawyer Who Built Kendall-Jackson Winery, Dies at 81". The New York Times.

External links

This article is issued from Wikipedia - version of the 12/5/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.