Home Business Jay-Z buys luxury champagne brand Armand de Brignac

Jay-Z buys luxury champagne brand Armand de Brignac


Jay-Z, real name Shawn Carter, has bought the Armand de Brignac champagne brand.

New York wine and spirits company Sovereign Brands said it had sold the luxury brand to Jay-Z for an undisclosed amount.

The champagne, also known as “Ace of Spades”, is produced in the French town of Chigny-les-Roses by eight people.

Jay-Z has bought the Armand de Brignac champagne brand

Jay-Z has bought the Armand de Brignac champagne brand

The golden-bottled champagne, which featured in a 2006 Jay-Z music video, sells for $300.

Jay-Z, 44, has been known for his love of the champagne, which is bottled at a winemaking house founded in 1763. He reportedly displayed 350 bottles of the drink at a fundraiser that he and his wife Beyonce Knowles threw for President Barack Obama in a New York night club in 2012.

The acquisition is the latest addition to Jay-Z’s vast business interests outside of his music, which include a clothing line, restaurants and a recording label.

Jay-Z is considered the third richest hip-hop artist in the world with an estimated net worth of $520 million, according to Forbes magazine.

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Clyde is a business graduate interested in writing about latest news in politics and business. He enjoys writing and is about to publish his first book. He’s a pet lover and likes to spend time with family. When the time allows he likes to go fishing waiting for the muse to come.