George Clooney’s Tequila Brand Sells For A Whooping $1 Billion

George Clooney’s Tequila Brand Sells For A Whooping $1 Billion

By Wires | The Trent on June 22, 2017
George Clooney
George Clooney, winner of the Best Film award for 'Argo', poses in the press room at the EE British Academy Film Awards at The Royal Opera House on February 10, 2013 in London, England. | Getty Images

A million dollars isn’t cool. You know what’s cool? A billion dollars. Just ask George Clooney.

The new dad, along with friends and co-founders Rande Gerber and Mike Meldman, just sold his tequila company Casamigos to alcohol beverage giant Diageo for ― you guessed it ―  a whopping $1 billion, CNBC reports.

Just drink that in like a shot of smooth, no-burn tequila.

Casamigos, which the trio started in 2013, was born “by accident,” and has been a huge success, as far as liquor brands go. While they wouldn’t share sales information, Gerber told CNBC in November 2016 that it was “the fastest growing ultra-premium tequila in the country.”

That’s probably why Diageo was willing to shell out $700 million dollars, with the potential to pay out another $300 million pending sales.

For his part, Clooney assured customers in an e-mail to CNBC that the trio would not be leaving the company.

“If you asked us four years ago if we had a billion dollar company, I don’t think we would have said yes,” he said. “This reflects Diageo’s belief in our company and our belief in Diageo. But we’re not going anywhere. We’ll still be very much a part of Casamigos. Starting with a shot tonight. Maybe two.”

Yeah, sounds about right. Of course, it’s impossible not to feel just a pang of “rich just keep getting richer” jealousy, put best by way of Twitter sarcasm:

Now, if you’ll excuse us, we’ll be here trying to calculate how many margaritas we could buy with $1 billion.

Read more at HuffPost.


Leave a Comment

To leave a comment anonymously, simple write your thoughts in the comments box below and click the ‘post comment’ button.