Moet Hennessy Buys 50% Stake In Jay-Z's Champagne Brand

Rapper / Entrepreneur, Jay-Z has sold half of his champagne brand to LVMH for an undisclosed amount of money.

The rapper bought "Ace of Spades" in 2014 and prices start around $300 for a bottle ... In 2019 “Ace of Spades,” sold more than 500,000 bottles.

According to a rep from Moët Hennessy, the new partnership will allow more growth for the brand.

Video courtesy of CNBC