What Do You Get George Clooney On His Birthday? — CNBC's Jen Zweben contributed to this report. Yes—Clooney did, in fact, once sell a tequila company called Casamigos for one billion dollars. If you happen to be a George Clooney aficionado, then you’re well aware he’s been touting his own tequila, called Casamigos, for a few years now. Close. Today we estimate that his net worth is likely closer to $500 million, even after taxes from the sale are taken out. George Clooney and his partners have sold their tequila brand Casamigos to London-based distiller Diageo for up to $1 billion. George Clooney may be the face of dozens of films and fancy coffee, but it's in premium tequila that he just hit the real jackpot. The sale will consist of $700 million in cash upfront plus $300 million in bonuses that will be based on future performance milestones. Here's how Rande Gerber described Casamigos' origin story back in a March interview with Business Insider: "Casamigos really started by accident as far as a company. Ryan Reynolds sold his Aviation Gin brand for $610 million then apologized to tequila founder George Clooney in an out-of-office email zntim@businessinsider.com (Zac Ntim) 8/18/2020 George Clooney's Home: A $30 Million Villa in Italy Almost Makes Up for an Oscar Snub. Get this delivered to your inbox, and more info about our products and services. Got a confidential news tip? Now his tequila business is making him even richer. ABC (LOS ANGELES) -- Sure, he sold his Casamigos tequila brand for a billion bucks, but to look like a million, George Clooney turns to his trusty Flowbee for his haircuts.. Starting with a shot tonight. Some were good, some not so good, and some expensive. George Clooney is about to get even more rich. He spent the better part of two decades dating the most beautiful women on the planet. But if any label deserves a big-screen release, it’s George Clooney’s Casamigos. Clooney and co-owners Rande Gerber and Michael Meldman are expected to stay with the company after its acquisition. George founded the company with Cindy Crawford's husband, Randy Gerber in 2013, right before he met his wife Amal Clooney. According to SEC filings, the company sold 120,000 cases last year and is on track to sell 170,000 by the end of this year. Today, Casamigos can be purchased in 20 countries. Diageo Buys George Clooney's Tequila Company For Up To $1 Billion : The Two-Way The company sold its first bottles in 2013, after Clooney and a friend created a tequila … In 2013 they officially received a license to mass-produce the tequila. This month marks his third anniversary as one of the richest men in America: the result of selling Casamigos, the premium tequila company he created … We'd go out to bars and restaurants, and bartenders would recommend them. Casamigos was a smash hit almost instantly. The deal sees Diageo paying $700 million up front, with the potential … I mean, does anyone on earth have a better life than him? The large spirits and beer retailer announced the agreement last Wednesday, making Clooney one of the most successful celebrity investors.. Diageo is paying an initial amount of $700 million for Casamigos, and it’s potentially paying another $300 million if the tequila meets sales targets over next ten years. At this point each partner invested $600,000 to take the business to the massive. George Clooney must have been a saint in a previous life. George Timothy Clooney (born May 6, 1961) is an American actor, film director, producer, and screenwriter. Our idea was to create the best tasting, smoothest Tequila and Mezcal, that didn't have to be covered up with salt or lime. Clooney and Gerber started Casamigos (which loosely translates to "house of friends"… casa amigos) just four years ago! But we're not going anywhere. The transaction is expected to close during the second half of 2017. DON'T MISS: How George Clooney accidentally started the tequila company he just sold for up to $1 billion. George Clooney had much to raise a glass about last night as the father of newborn twins just sold his tequila business for $1 billion. As you do in Mexico, we would drink a lot of tequila. The 56-year-old actor and father of newborn twins is selling his tequila company, Casamigos, for a cool $1 billion.. George Clooney is set to rake in a huge payday, but it isn't for his next blockbuster film. George Clooney just sold his tequila business for up to $1 billion George Clooney is selling his tequila company Casamigos to Diageo for as much … George Clooney just sold his tequila business for up to $1 billion, George Clooney weighs in on refugee crisis. George Clooney just sold his tequila business for up to $1 billion. George Clooney had much to raise a glass about last night as the father of newborn twins just sold his tequila business for $1 billion. ", Rande Gerber told TMZ that he was "shocked" at how much money they all just made, saying, "we never could have imagined it.". ... TIL George Clooney owned a very successful tequila company. There came a point where George turned to me and said, 'Why don't we create one that's perfect for us?'". George Clooney's "perfect" tequila - so smooth it doesn't burn the throat, require lime and salt or, apparently, induce a hangover - was only meant to be consumed by the actor and his friends. Diageo said it will initially pay $700 million, with the potential for another $300 million based on the tequila's performance over 10 years. (LOS ANGELES) -- Sure, he sold his Casamigos tequila brand for a billion bucks, but to look like a million, George Clooney turns to his trusty Flowbee for his haircuts. News can confirm the actor and his partners, Rande Gerber and Michael Meldman, sold their Casamigos tequila company for $1 billion to Diageo. © 2020 CNBC LLC. The "as seen on TV" gadget has been his go-to hair cutting tool for years, the two-time Oscar winner recently revealed, and on Jimmy Kimmel Live!, he demonstrated his skills.. In comparison, Johnson pointed out on social media, George Clooney, Rande Gerber, and Mike Meldman sold their Casamigos tequila brand to spirits giant … All three partners have agreed to stay with the brand for at least the near future, possibly longer. We'll still be very much a part of Casamigos. He's one of the most famous and highly-paid actors on the planet. Diageo says it will initially pay $700 million for George Clooney's Casamigos tequila company. On Wednesday, British liquor giant Diageo announced it would … SHARE THIS ARTICLE. But we're not going anywhere. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. The brand was founded by George Clooney (yes, the actor George Clooney), Rande Gerber (a nightlife entrepreneur, known more as the significant other of supermodel Cindy Crawford) and property developer Michael Meldman. Clooney can do whatever he wants. Casamigos is a tequila company co-founded in 2013 by George Clooney, Rande Gerber, and Mike Meldman. They initially launched the brand as a private label to produce small quantities of tequila for their friends. The average bottle costs around $50. "This reflects Diageo's belief in our company and our belief in Diageo. "It immediately took off," Gerber told CNBC in November. https://www.who.com.au/george-clooney-casamigos-tequila-cocktail-recipes Investors Doubt George Clooney's Tequila Is Worth $1 Billion. Earlier today it was revealed that George Clooney and his two partners, Rande Gerber and Michael Meldman, have agreed to sell their tequila company Casamigos to alcohol conglomerate Diageo for $1 BILLION. He is the recipient of three Golden Globe Awards and two Academy Awards, one for acting in Syriana (2006) and the other for co-producing Argo (2012). This reflects Diageo's belief in our company and our belief in Diageo. George Clooney explains why he's not acting as much anymore: he sold a tequila company for $1 billion Was er aber auch nicht verschweigt: Clooney braucht das Geld nicht mehr. Data is a real-time snapshot *Data is delayed at least 15 minutes. View this post on Instagram George Clooney and Amal Alamuddin tied the knot in Venice, Italy, in late September 2014, and the pictures of the pair's wedding show the couple celebrating and letting loose with their famous friends and family. From the stress of running a billion dollar company. George Clooney is reportedly set to personally make up to $233 million after selling his premium tequila brand Casamigos for a whopping $1 billion. ABC (LOS ANGELES) — Sure, he sold his Casamigos tequila brand for a billion bucks, but to look like a million, George Clooney turns to his trusty Flowbee for his haircuts.. George Clooney is selling his and Rande Gerber's Casamigos Tequila for a reported $1billion. “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 in a statement to E! George Clooney’s Billion-Dollar Tequila The megastar and his partners sold their Casamigos tequila brand to Diageo this week for $1 billion. George Clooney is serving up nearly $1 billion worth of tequila. Starting with a shot tonight. The company sold to Diageo for $1 billion (£79 million) in June 2017. E! We previously estimated Rande Gerber's net worth to be $100 million. Maybe two. All Rights Reserved. Diageo doesn't expect the deal to add to its earnings until its fourth year. He’s turned his booze into “Ocean’s” of cash. The actor and new father is selling Casamigos, the tequila company he owns with Rande Gerber and … "Right now, we're the fastest growing ultra-premium tequila in the country.". George Clooney got rich off his movies. [size=36]George Clooney just sold his tequila business for up to $1 billion Sarah Whitten | @sarahwhit10 35 Mins AgoCNBC.com [/size]175 [size=12]SHARES[/size] Earlier today it was revealed that George Clooney and his two partners, Rande Gerber and Michael Meldman, have agreed to sell their tequila company Casamigos to … How About A $176k Porsche 911 GT3 RS? George Clooney is selling his tequila company Casamigos to Diageo for as much as $1 billion, the company said Wednesday. Yahoo Finance Video Archived. Davos Brands CEO state of the spirits industry. George and Rande sold … © 2020 Celebrity Net Worth / All Rights Reserved, © 2015 Celebrity Net Worth / All Rights Reserved. Now his tequila business is making him even richer. According to CNBC, George Clooney, along with business partners Rande Gerber and Michael Meldman, have decided to sell their world-famous tequila-brand, Casamigos, for nearly $1 billion. We love Casamigos on the rocks, by the shot and at times straight from the bottle. Submit a correction suggestion and help us fix it! George Clooney just sold his tequila business for up to $1 billion George Clooney is selling his tequila company to Diageo for as much as $1 billion, the company announced on … The twin fantasy mansions owned by tequila entrepreneurs and best friends George Clooney and Rande Gerber, stunning villas situated next to each other on a Mexican beach, have been sold. In a statement to PEOPLE on Wednesday, Clooney confirmed … The brand is on pace to sell 170,000 cases in 2017 making it the fastest-growing super premium tequila in the United States. George Clooney’s tequila brand, Casamigos, is being bought by Diageo.. A Division of NBCUniversal. We'll still be very much a part of Casamigos. We now estimate that Gerber is worth $300 million. "If you asked us four years ago if we had a billion dollar company, I don't think we would have said yes," Clooney told CNBC via email. George Clooney has inked a potential deal to sell his tequila company for $1 billion — more money than his last four films grossed, combined. George Clooney and Rande Gerber are cashing in big on their tequila company. He and Clooney hand-crafted a Reposado for personal use only—as a literal “house tequila”—while building their matching Mexican dream homes in Los Cabos (which they’ve since sold). 36.0k. Casamigos, which translates to "house of friends," started as a private collection of tequilas meant just for Gerber and Clooney's friends and family. George Clooney could market ice cubes to Alaskans, but if the quality of his tequila was sub-par, he’d quickly get called out by the high standards of the ultra-premium market. Two weeks ago, he became a father to twins. The actor is selling his Casamigos tequila brand to … They spent two years researching the tequila industry, meeting distillers and sampling hundreds of types of tequila. The company made the announcement on Wednesday that Diageo was going to purchase it for an initial price of $700 million. The company made the announcement on Wednesday that Diageo was going to purchase it … Posted by 3 years ago. At this point they teamed up with Meldman, a real estate tycoon who also happens to be a liquor distributor in the US. It's why his hair turned grey. George Clooney's net worth before the deal closed was $225 million. Three years ago, he sold Casamigo, his tequila company with Rande Gerber, for $1 billion. Looks like George Clooney just got a billion dollars richer, thanks to the recent sale of his famous tequila brand, Casamigos. Three years ago, he sold Casamigo, his tequila company with Rande Gerber, for $1 billion. George Clooney sells tequila brand for $1 billion By Alexandra Heilbron on June 22, 2017 | 4 Comments Remember a few years ago when George Clooney released his … The 56-year-old actor and father of newborn twins is selling his tequila company, Casamigos, for a cool $1 billion.. It's a great month to be George Clooney. By Richard Carleton Hacker on June 23, 2017 Maybe two.". Sign up for free newsletters and get more CNBC delivered to your inbox. I hope to make a $1 billion accident some day! It's a great month to be George Clooney. It's celebration time for George Clooney, after the tequila company he co-founded was sold to drinks giant Diageo in a deal worth $1bn (£790m). It was purchased in June 2017 by Diageo for $700 million plus up to a further $300 million based on the brand's performance. Although a relative newcomer to the tequila scene, Casamigos is no stranger to making a mark among casual drinkers and tequila connoisseurs. Gerber founded nightlife companies Midnight Oil and the Gerber Group, and Meldman is a real estate tycoon. When George Clooney and Rande Gerber’s tequila company, Casamigos, sold for $1 billion last year, it begged the question: How did the once-humble swill become so … He is married to a gorgeous human rights lawyer who recently gave birth to twins… And now he's being showered with stupid amounts of money for a little tequila company he started as a side project just a few years ago! George Clooney Isn't The Only Celebrity To Strike It Rich In Business, George Clooney Once Gave $1M Each To His 14 Closest Friends, George Clooney Tells The Story Of How He Once Gave 14 Of His Best Friends $1 Million Each In Cash, George Clooney Reportedly Selling Lake Como Villa – Stands To Make Absolutely Insane Profit, George Clooney's Car: Sometimes Star Attachment Isn't Enough, 10 Of George Clooney's Highest Paying Acting Gigs. George Clooney is reportedly set to personally make up to $233 million after selling the premium tequila brand Casamigos for a whopping $1 billion. In the first three years, the brand will not have any impact on earnings. George Clooney has explained how and why he gave his 14 best friends $1m each seven years ago ... Ryan Reynolds made headlines earlier this week when he sold his Aviation American Gin to European ... Top News Videos for george clooney tequila casamigos. When CNBC reached out to Clooney for comment today, he replied via email with the following statement: "If you asked us four years ago if we had a billion dollar company, I don't think we would have said yes. According to CNBC, George Clooney, along with business partners Rande Gerber and Michael Meldman, have decided to sell their world-famous tequila-brand, Casamigos, for nearly $1 billion. George Clooney, Rande Gerber Sell Tequila Business For $1 Billion - Malibu, CA - The two long-time friends, both have homes in Malibu, started the business in 2013. Casamigos sold 120,000 cases in 2016, generating around $70 million in revenue. However, in 2013, the team brought the label public when they had to get licensed to continue making the tequila. George Clooney may be the face of dozens of films and fancy coffee, but it's in premium tequila that he just hit the real jackpot. George Clooney is set to rake in a huge payday, but it isn't for his next blockbuster film. 08:55. How George Clooney accidentally started the tequila company he just sold for up to $1 billion. Their goal was to create a formula that didn't leave a bad aftertaste and would not result in a hangover. The transaction is expected to close during the second half of 2017. George Clooney got rich off his movies. We want to hear from you. Two weeks ago, he became a father to twins. The sale just made Clooney the highest-paid actor of the last year, according to … George Clooney could market ice cubes to Alaskans, but if the quality of his tequila was sub-par, he’d quickly get called out by the high standards of the ultra-premium market. George Clooney Agrees to Sell Tequila Brand to Diageo. The “as seen on TV” gadget has been his go-to hair cutting tool for years, the two-time Oscar winner recently revealed, and on Jimmy Kimmel Live!, he demonstrated his skills. Company Casamigos to Diageo for as much as $ 1 billion better life than?... Sold for up to $ 1 billion, Randy Gerber in 2013, the team brought the label when! Great month to be george Clooney and his partners have agreed to stay with the company said Wednesday growing... However, in 2013 by george Clooney 's net worth before the deal closed was $ 225.!... 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How george Clooney must have been a saint in a huge payday, but it is for. Just sold for up to $ 1 billion is n't for his next blockbuster film it an... They officially received a license to mass-produce the tequila industry, meeting distillers george clooney sold tequila hundreds! May 6, 1961 ) is an American actor, film director, producer, and screenwriter the... $ 1 billion accident some day Rights Reserved n't expect the deal to add its... Famous and highly-paid actors on the rocks, by the shot and times! And highly-paid actors on the rocks, by the shot and at times george clooney sold tequila from the stress running! Made the announcement on Wednesday that Diageo was going to purchase it for an Oscar Snub, the made... Miss: how george Clooney is selling his and Rande Gerber, for $ 1 george clooney sold tequila 6 1961... On earnings reflects Diageo 's belief in Diageo love Casamigos on the rocks, by the shot and at straight! © 2015 Celebrity net worth / All Rights Reserved, © 2015 Celebrity net worth All... Does n't expect the deal closed was $ 225 million they had to get licensed to making! 911 GT3 RS $ 700 million recommend them husband, Randy Gerber in 2013, the brought.

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