If Jay-Z ever had a reason to pop some bubbly, the time is now because he announced that he’s selling half of of his champagne brand Armand de Brignac, better known as Ace of Spades, to luxury conglomerate LVMH.
The announcement came Monday morning from the rapper himself. In a tweet, the brand shared, “Shawn JAY-Z Carter is pleased to announce a partnership with Moët Hennessy as they acquire a 50% stake in Armand de Brignac.”
While there was no mention of how much that 50 percent stake costs, Page Six notes that Jay previously hinted at the brand’s value on a 2018 Meek Mill record.
“I’m 50 percent of D’Ussé and it’s debt-free, 100 percent of Ace of Spades, worth half a B,'” he rapped on the track.
The outlet adds that sources speculate the value has only grown since then.
Source-ABC
