George Clooney Sells Tequila Co. For $1 Billion

George Clooney and his partners, Rande Gerber (Mr. Cindy Crawford) and Mike Meldman founded their tequila brand Casamigos four years ago just for personal friends and family, and just agreed to sell the company to British beverage company Diageo for $1 billion.

According to CNBC, Diageo said it will initially pay $700 million, with the potential for another $300 million based on the tequila’s performance over 10 years.

Per the deal, Clooney and Gerber will remain with the company

More from Marilyn Nelson

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