Is Jay-Z The owner of Hennessy?

In 2021, Jay-Z made headlines for his massive Ace of Spades sale to LVMH's spirit and wine division Moët Hennessy
Moët Hennessy
LVMH Moët Hennessy Louis Vuitton (French: [moɛt‿ɛnɛsi lwi vɥitɔ̃]), commonly known as LVMH, is a French holding multinational corporation and conglomerate specializing in luxury goods, headquartered in Paris.
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. 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.


What liquor company 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.

Does Jay-Z own 100% of Ace of Spades?

“I'm 50 percent of D'Ussé and it's debt-free, 100 percent of Ace of Spades, worth half a B,” Jay-Z rapped on “What's Free,” the Meek Mill track.


Who bought Hennessy?

Hennessy | Company Overview & News. Founded in 1765, the cognac was acquired in 1987 by LVMH, which now owns around two thirds of the brand while the other third is owned by Diageo.

How much did Jay-Z sold Ace of Spades for?

The deal appears to have valued the brand, Armand de Brignac, at more than $600 million, which would land him a cash payment of at least $300 million—about $50 million more than he would have made based on the $500 million value he rapped about in Meek Mill's 2018 song “What's Free.”


Jay-Z on teaming up with Moet on his luxury champagne brand Armand de Brignac



Did Jay-Z sell more than the Beatles?

The sales mean that Jay-Z has now scored more solo Number One albums in the US than any other artist, even eclipsing Elvis Presley. Among all acts he is in second place, ironically to The Beatles, who have reached the top spot of the Billboard 200 19 times.

How much is Jay-Z's champagne?

Jay Z Launches New Champagne That Costs Over $125 Per Glass

According to Bloomberg, the brand will begin delivering its first new products since Jay Z took over starting in October, including an all-pinot Blanc de Noir Ace of Spades in a gunmetal bottle. And the price tag? About $760 per bottle.

Does Jay-Z own cognac?

The rapper and Bacardi have been 50-50 co-owners of D'USSÉ since 2011 and Jay-Z has promoted the cognac over the years, frequently name-dropping it in his tracks. According to documents obtained by TMZ Hip Hop, lawyers for Jay-Z's company SC Liquor are demanding transparency surrounding D'USSÉ.


What rapper made Hennessy famous?

Before his untimely death, Tupac created "Thug Passion" (his drink of choice), a cocktail featuring one part Hennessy. In fact, the rapper was the cognac's biggest fan, even writing a song dedicated to his favourite brown liquor.

Who owns Ace of Spades liquor?

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.

Why is Jay Za billionaire?

Jay-Z's extensive musical catalog was estimated to be worth close to $100 million, and he's made more money from album and single sales than most artists: According to Forbes, Jay-Z owns both his masters and publishing rights to his work as of 2014, meaning he makes bank whenever his music is licensed for use in ...


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.

Is Jay-Z the owner of D Usse?

D'USSÉ Cognac was founded by Sovereign Brands and conceived by the senior-most cellar master working today, Michel Casavecchia. (Düsse was later sold to Bacardi and Jay-Z. Sovereign Brands still owns 1/3 of the brand.)

Does 50 Cent own Ciroc?

Diageo purchased Ciroc in 2008 and has since become one of the world's leading premium spirits brands. So, while 50 Cent may be associated with Ciroc, he does not own the brand. Among the more well-known black-owned liquor brands are Ciroc, Croc, 50 Cent, Effen Vodka, Ludacris, and Conjure Cognac.


Does Jay-Z own Bacardi?

Jay went back to offer to buy out the privately owned company for three times Bacardi's valuation but they rejected it leaving the 99 Problems rapper to believe something suspicious was happening according to the site.

What rapper owns Ciroc?

Diddy (Ciroc) - One of hip hop's most successful businessmen, Diddy took on Diageo's Ciroc Vodka brand in a 50-50 joint venture deal back in 2007. Diddy has always been big on high-end brands and a lavish lifestyle, so an investment in a company like Ciroc is a no-brainer for the music mogul.

Does Jay-Z own 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.


Is Hennessy a black owned company?

Despite the cognac company's cultural investment in the Black community and its use of prominent Black figures in its marketing and advertising, the Black people have no financial stake in the company or its ownership.

Does Louis Vuitton own Hennessy?

1987: Louis Vuitton – Founded in France in 1854, Louis Vuitton became part of LVMH in 1987 when the conglomerate was created. Moët et Chandon and Hennessy, leading manufacturers of champagne and cognac, merged respectively with Louis Vuitton to form the luxury goods conglomerate.

Why do rappers have Hennessy?

In the late 1990s as hip hop began to truly go global via MTV, cognac and Hennessy in particular started to be referenced by rappers. It was dropped into tracks as a reference point for old-world luxury, enjoying the finer things in life and sharing a good time.


Who founded Hennessy?

Richard Hennessy (Irish: Ristéard Ó h-Aonghusa; 1724 — 8 October 1800) was an Irish military officer and businessman, best known for founding the Hennessy cognac dynasty, which is today a luxury brand and one of the most prominent in the world.

What is 50 Cent's champagne called?

Le Chemin du Roi is a new Champagne from Rapper 50 Cent. It's a gleaming and vibrant pink champagne that illuminates the The King's Path. Made with hand harvested grapes from some of the top vineyards throughout the Champagne Region of France.

How much is Drake's champagne?

Mod Sélection will be made available in both Réserve and Rosé, priced at $300 and $400 per 750ml bottle. Check out more details over at the brand's website.


What is the name of Jay-Z's wine?

In 2014, Carter bought the remaining stake of Armand de Brignac for an undisclosed amount, making him the first rapper to own outright a champagne label.