Casamigos

In 2013, Clooney reportedly invested $600,000 in Casamigos; Diageo agreed to buy it for $1 billion in 2017, with his upfront share at $233 million

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With the founders holding equal stakes, George Clooney’s estimated gross share of Casamigos’ $700 million upfront sale price was about $233 million. A fully paid earn-out could add another $100 million before taxes. His final proceeds depended on taxes and the deal’s performance conditions. (AP Photo/Scott A Garfitt)

Four years after three friends decided to produce their own tequila for personal consumption, international beverage company Diageo agreed to acquire their brand for up to $1 billion. Announced in June 2017, the deal described Casamigos as “America’s fastest-growing super-premium tequila.” Under the agreement outlined in Diageo’s official announcement, the company would pay $700 million … Read more