How much did Jay-Z sell 50 of Ace of Spades?
How much did Jay-Z sell 50 of Ace of Spades?
In 2021, Jay-Z made headlines for his massive Ace of Spades sale to LVMH’s spirit and wine division Moët Hennessy. He sold a 50 percent stake in his champagne brand, which astounded many, but means he raked in at least $315 million from the deal, per Revolt TV.
Did Jay-Z buy Ace of Spades?
Armand de Brignac — which is widely known as “Ace of Spades” due to its logo — was launched by French Champagne company, Cattier, in 2006, then purchased by a company led by Jay-Z in 2014.
Who owns Ace of Spades price?
LVMH Moët Hennessy has acquired a 50 percent ownership stake in Armand de Brignac, the champagne brand owned by Jay-Z that’s otherwise known as “Ace of Spades” due to its logo.
Who owns the Ace of Spades champagne?
Armand de Brignac, known colloquially as Ace of Spades, is a French Champagne owned by Shawn “Jay-Z” Carter and LVMH. The brand is produced by Champagne Cattier and sold in opaque metallic bottles.
Did Jay-Z own Cristal?
His collaboration with Armand de Brignac started in 2006, after a fallout with the owners of Cristal champagne, which was previously his brand of choice. He took full ownership of the Armand de Brignac brand in 2014.
Which alcohol does Jay-Z own?
Last year, Moët Hennessy bought a 50% stake in Jay-Z’s Armand de Brignac Champagne brand, one of the factors that resulted in his estimated net worth this year rising to US$340 million.
