Cheers to George!
Looks like George Clooney is trying to set his twins up for life. According to E!, he and his partners, Rande Gerber and Michael Meldman, have sold their Casamigos tequila company for a billion bucks to Diageo.
In a statement, Mr. Amal Clooney said, “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.”
How much does Diageo believe in Casamigos? They’re going to initially pay George and his partners $700-million with the potential for another $300 million that’ll be based on the tequila’s performance over the next ten years. The deal should be done later this year.
Source: E! Online