rominent liquor executive told me Jay Z owned a piece of Armand de Brignac brand, along with Cattier and a company called Sovereign Brands. A wine distributor and a record executive confirmed this as well; one of my sources pegged the value of Jay Z’s stake at $50 million.
After Empire State of Mind came out in 2011, even Jay Z’s friend, marketing guru Steve Stoute, finally acknowledged that Jay Z had a financial interest in Armand de Brignac in his 2012 book The Tanning of America.
“We are proud to announce that Sovereign Brands, a New York-based wine and spirits company owned by the Berish family, has sold its interest in the Armand de Brignac (‘Ace of Spades’) Champagne brand to a new company led by the globally-renowned Shawn ‘Jay Z’ Carter,” the statement read
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