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Jay-Z’s Equity In Ace Of Spades Champagne? $50 Million.


Jay-Z’s love for Ace Of Spades champagne is not a genuine as you may have thought it was. According to the book “Empire State of Mind: How Jay-Z Went from Street Corner to Corner Office” Jigga man’s estimated annual earnings from the brand are over $4 million yearly and he has equity in the brand worth about $50 million. Turns out Diddy is not the only one making serious bank off slanging liquor to his audience.When he waved off the Cristal bottle in his Show Me What You Got music video for the then-unknown Armand De Brignac gold bottle? Genius marketing.It’s also a serious flip too. Similar to 50 Cent’s “took quarter water sold it in bottles for two bucks” – Ace Of Spades’ production cost is about $13 per bottle, and sells at a wholesale price of $225.Source: MyGlobalHustle

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