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The vineyard has been owned by the Fourcaud-Laussac family for more than 150 years. In 1998, the estate was bought by the Belgian Albert Frère and Bernard Arnault and administered by Pierre Lurton (who also runs Château d'Yquem).
Since 1998, Château Cheval Blanc has partnered with the Argentinian estate Terrazas de los Andes, also belonging to the LVMH group, to create Cheval des Andes from Cabernet and Malbec grape varieties. In 2012, Bernard Arnault decided to create a brand of high-end hotels using the name. The Cheval Blanc estate is on the edge of Pomerol, so the soil of the vineyard has a large proportion of gravel on a subsoil of Quaternary alluvium. The Cheval Blanc grape variety is made up of 52% Cabernet Franc, 43% Merlot and 5% Cabernet Sauvignon, which is quite rare for a Saint-Émilion.