CNBC-George Clooney is selling his tequila company Casamigos to Diageo for as much as $1 billion, the company said Wednesday.

Clooney and co-owner Rande Gerber are expected to stay with the company after its acquisition.Gerber founded nightlife companies Midnight Oil and the Gerber Group, and Meldman is a real estate tycoon.

Casamigos, which translates to “house of friends,” started as a private collection of tequilas meant just for Gerber and Clooney’s friends and family. However, in 2013, the team brought the label public when they had to get licensed to continue making the tequila.


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  • Net Worth is before the sale


Gotta be nice waking up and seeing your bank account go up by about 500 million just because you and your drinking buddy started a private collection  a few years back.  Clooney was worth 500 mil before the sale, so by my brief, unverified accounting, he just broke into the tres commas club.  Cha-mother-fucking-ching, George.

And if you haven’t tried the tequila before, I highly recommend it. I thought it was the run of the mill Hollywood gimmick at first too. Brand saturation all over TMZ, pop up promotional tiki bars lined with SI swimsuit models, seemed like just another celebrity getting into the booze game a la 50 Cent and Diddy.

Then about 2 years ago I was in a hotel in Florida, and decided to hit the liquor store before hand to make sure my room had all the essentials. The guy at the counter kept raving about the stuff, so I took the 50 dollar plunge and threw it in the cart, and you know what? Actually good! Its flavored with a little salt and lime from the start if your into that shit. Became my favorite tequila instantly.

So congrats to you George. You may have been the worst Batman in history, but god damn do you know your agave.