George Clooney Sells His Tequila Company For $1 Billion ?

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Here’s something that should make you feel ashamed of your lack of productivity, unless you’re George Clooney: George Clooney is also an insanely successful businessman.

How successful? Well, four years after starting his tequila company, Casamigos, it’s more than doubled his net worth—which had mostly been earned through a lifetime of movie stardom—thanks to the sale of Casamigos for up to $1 billion.

Like I said, insanely successful.

Casamigos, founded by Clooney with former model and businessman Randi Gerber (a.k.a. Cindy Crawford’s husband) and businessman Michael Meldman, was recently sold to beverage giant Diageo in a deal that will pay $700 million up front, “with the potential for another $300 million based on the tequila‘s performance over 10 years,” according to CNBC.

“If you asked us four years ago if we had a billion dollar company, I don’t think we would have said yes,” Clooney said of 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.”

Earlier this month, Newsweek concluded that he and his wife were worth roughly $260 million before the sale, meaning that his portion of the earnings alone will more than double Clooney’s net worth.

To recap, George Clooney is a movie star with two Oscars under his belt, married to the incredible Amal Clooney née Alamuddin, a wildly successful tequila purveyor, and looks like this.
[via]

 

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