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George Clooney Just Made A Cool $1bn – By Selling Off His Tequila Company!

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George Clooney

Hollywood royalty George Clooney has sold the tequila company he co-founded just four years ago for a fee close to $1bn.

Yeah, that $1bn, with a ‘b’.

Diageo, the UK drinks firm which is home to Smirnoff, Johnny Walker and Baileys, announced they have purchased Clooney’s company, Casamigos, for $700m.

The fee could rise to $1bn depending on how Casamigos performs over the next decade.

Casamigos, a high end tequila producing and distributing company, was founded by Clooney with Rande Gerber and Mike Meldman in 2013.

“If you asked us four years ago if we had a $1bn company, I don’t think we would have said yes,” Clooney said in a statement released after the sale.

“This reflects Diageo’s belief in our company and our belief in Diageo. But we’re not going anywhere. We’ll still be very much a part of Casamigos. Starting with a shot tonight. Maybe two.”



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