George Clooney Just Sold His Tequila Company for a Whopping $1 BILLION (Yes, You Read That Right)

Because the one thing Clooney needs is more money.

Apparently everything George Clooney touches turns to gold. Or at least, an insanely huge pile of money. CNBC reports that Clooney is selling his tequila company, Casamigos, to beverage giant Diageo for up to $1 billion. 

According to the terms of the deal, Diageo will pay $700 million up front, with another $300 million delivered based on the tequila's performance in 10 years. Not too shabby.

Clooney is expected to stay on with the company, along with co-owners Rande Gerber and Michael Meldman. "If you asked us four years ago if we had a billion dollar company, I don't think we would have said yes. This reflects Diageo's belief in our company and our belief in Diageo," Clooney told CNBC. "But we're not going anywhere. We'll still be very much a part of Casamigos."

We're sure he's celebrating the sale with a shot or two.

The Feast is Bravo’s digital destination for foodies, serving fresh culinary inspo, piping hot celebrity food coverage, diet and wellness trends, plus the kitchen hacks and tools you never knew you needed. Like us on Facebook and visit daily for a curated menu of essential food news, from seriously thought provoking to just plain fun.

All Posts About:
George Clooney News Food

You May Also Like...

Recommended by Zergnet