Winemaker and Wild Oats XI owner Bob Oatley dies at 87

Australian entrepreneur Bob Oatley has died. He was 87. Oatley was a winemaker and businessman but was probably best known in Australian life as the owner of Wild Oats XI, the eight-time winner of the Sydney to Hobart yacht race. He made his fortune in wine, establishing the Rosemount wine business in 1969 and selling it to Treasury Wine Estates back in 2001 for a stunning $1.4 billion.