Thursday, November 06, 2014
Jay Z buys (Ace of Spades) Armand de Brignac champagne brand
US music mogul Shawn Carter, also known as Jay Z, has bought the Armand de Brignac champagne brand.New York wine and spirits company Sovereign Brands said it had sold the luxury brand to the rapper for an undisclosed amount.The golden-bottled champagne, which featured in a 2006 Jay Z music video, sells for $300 (£188).
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.
He is considered the third richest hip-hop artist in the world with an estimated net worth of $520m, according to Forbes magazine.