Besides being one of the top emcees in hip-hop, Jay Z has worked hard to become an exceptional businessman & invest in businesses that he likes. Jigga has made his love for the champagne Armand De Brignac (better known as Ace Of Spades) well known & yesterday (11.5.2014) he put his money where his mouth is & bought a piece of the company.
In a statement, Sovereign Brands announced that they turned their interest in the company over to Hova:
“We are proud to announce that Sovereign Brands, a New York-based wine and spirits company owned by the Berish family, has sold its interest in the Armand De Brignac (‘Ace Of Spades’) Champagne brand to a new company led by the globally-renowned Shawn ‘Jay Z’ Carter.”
Jay made this purchase for an undisclosed amount. The brand is reportedly worth between $25 & $30 million.
News source courtesy of AllHipHop.com!!!