Jay Z has bought the luxury Champagne label Armand de Brignac also known as "Ace of Spades."
The brand produced by Champagne Cattier, a French vintner since 1763, held by Sovereign Brands, a New York-based wine and spirits company owned by the Berish family, the New York Post reported.
Sovereign spokeswoman said that they simply couldn't refuse after the 44-year-old rapper submitted an offer.
Jay-Z bio author Zack O'Malley Greenburg says that the wholesale price per Armand de Brignac bottle is 225 dollars and suggests that "Ace of Spades'' that generates annual revenue of 13.5 million dollars would make Armand de Brignac worth 28.3 million dollars.
