A gold‐catalyzed asymmetriccyclopropanation of unactivated olefins with sulfoniumylides in the presence of a bimetallic catalyst with a novel dimeric TADDOL‐phosphoramidite ligand is reported. This transformation allows a rare gold‐catalyzed dynamic deracemization of chiral racemic substrates, where the same catalyst is responsible for several synergistic tasks in solution. The products are useful