Jay Z & Armand de Brignac Champagne
The days of celebrities name-dropping with minimal control over distribution may be over.On November 5, 2014, a new company led by Jay-Z acquired Armand de Brignac Champagne from Sovereign Brands, for an undisclosed amount.
According to Forbes magazine, Jay Z, considered the third richest hip-hop artist in the world with an estimated net worth of $520m, also launched D’usse, (pronounced dew-say) with Bacardi a new brand of cognac.