Until 1835 Cheval Blanc's vineyard was part of Figeac. Sold in two stages during the 19th century to the Fourcaud-Lussac family, the owners of Château l'Evangile, a separate estate was created and expanded by their descendants, who remained the owners until the end of the 20th century. In 1998, Albert Frère and Bernard Arnault joined forces to buy the Cheval Blanc Société Civile, but the same team and director, Pierre Lurton, remained in place. In 2009 the LVMH group bought 50% of Bernard Arnault's personal stake.
Located on the edge of Pomerol, the vineyard has a very particular terroir. The grape varieties planted are unusual for the Saint Emilion, with a higher proportion of Cabernet Franc than Merlot. Tremendously rich and smooth, this wine is characterized by exotic flavours, with notes of spices and very ripe black fruit, and a just a hint of mint. Ranked among Bordeaux's greatest wines, Cheval Blanc has maintained an excellent level of quality for many years. This wine is usually delicious even at bottling. After ageing for several decades (in the great vintages) it develops a superb intensity and richness. Some vintages, such as 1947 or 1982, reach extraordinary levels of perfection. Despite a slight wobble in quality in the 1960s and 1970s, Château Cheval Blanc has remained at the top since 1954, with the highest possible rank of ¿Premier Cru Classé A¿ in the Saint Emilion classification.