US music mogul Shawn Carter, also known as Jay Z, has bought
the Armand de Brignac champagne brand.
New York wine and spirits company Sovereign Brands said it
had sold the luxury brand to the rapper for an undisclosed amount.
The champagne, also known as "Ace of Spades", is
produced in the French town of Chigny-les-Roses by eight people.
The golden-bottled champagne, which featured in a 2006 Jay Z
music video, sells for $300 (£188).
The 44-year-old US star has been known for his love of the
champagne, which is bottled at a winemaking house founded in 1763. He
reportedly displayed 350 bottles of the drink at a fundraiser that he and his
wife Beyonce Knowles threw for US President Barack Obama in a New York night
club in 2012.
The acquisition is the latest addition to Jay Z's vast
business interests outside of his music, which include a clothing line,
restaurants and a recording label.
He is considered the third richest hip-hop artist in the
world with an estimated net worth of $520m, according to Forbes magazine.
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