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This star's business sideline just made them even richer

Lovemoney Logo By lovemoney staff of Lovemoney | Slide 1 of 30: Jay-Z has long looked beyond his music career to make money, and his investments in sports teams, music streaming, clothing and alcohol made the hip-hop superstar a billionaire in 2019. And now Jay-Z, who has boasted that he has a "million ways to make money", has sold 50% of his Armand de Brignac champagne brand to luxury French group LMVH, which also owns big-name champagne brands such as Moët Hennessy, Dom Pérignon and Veuve Cliquot. No financial details of the deal have been released, but in 2018 the Armand de Brignac brand was valued at $250 million. Jay-Z took ownership of the champagne brand, which is also known as the Ace of Spades due to its gold and black bottle design, in 2014 after falling out with the owners of Cristal champagne, which was the rapper's previous champagne of choice. This new partnership with LMVH is set to help the brand, which is made at a winemaking house with roots in the 1600s and is popular with sports stars, grow. Not that it hasn't been performing; in 2019 Armand de Brignac sold 900,000 bottles. But Jay-Z has had some business misses as well as hits. Click or scroll on to find out more.

Jay-Z's deal with LMVH

Jay-Z has long looked beyond his music career to make money, and his investments in sports teams, music streaming, clothing and alcohol made the hip-hop superstar a billionaire in 2019. And now Jay-Z, who has boasted that he has a "million ways to make money", has sold 50% of his Armand de Brignac champagne brand to luxury French group LMVH, which also owns big-name champagne brands such as Moët Hennessy, Dom Pérignon and Veuve Cliquot. No financial details of the deal have been released, but in 2018 the Armand de Brignac brand was valued at $250 million.

Jay-Z took ownership of the champagne brand, which is also known as the Ace of Spades due to its gold and black bottle design, in 2014 after falling out with the owners of Cristal champagne, which was the rapper's previous champagne of choice. This new partnership with LMVH is set to help the brand, which is made at a winemaking house with roots in the 1600s and is popular with sports stars, grow. Not that it hasn't been performing; in 2019 Armand de Brignac sold 900,000 bottles. But Jay-Z has had some business misses as well as hits. Click or scroll on to find out more.

© Bryan Steffy/Getty Images for Armand de Brignac

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