Just a few people who've sold their tequila companies...
My favorite tequila is Casamigos Anejo
Here are some famous people who have sold their tequila businesses for a lot of money:
George Clooney: In 2017, George Clooney and his business partners sold their tequila company, Casamigos, to Diageo for $700 million, with the potential to earn an additional $300 million if the tequila continues to sell well over the next 10 years.
Dwayne "The Rock" Johnson: In 2022, Dwayne "The Rock" Johnson sold his tequila company, Teremana, to Constellation Brands for $300 million, with the potential to earn up to $1 billion if the tequila continues to sell well over the next 10 years.
Kendall Jenner: In 2021, Kendall Jenner sold a 51% stake in her tequila company, 818, to Diageo for $60 million, with the potential to earn an additional $335 million if the tequila continues to sell well over the next 10 years.
Rita Ora: In 2021, Rita Ora sold a majority stake in her tequila company, Próspero, to Mexican spirits producer Becle for an undisclosed amount.
Justin Timberlake: In 2014, Justin Timberlake sold his tequila company, Sauza 901, to Beam Suntory for $100 million.
The shortage of blue agaves in jalisco, mexico are driving prices up. I commend the company for going for the high end business with a more aged agave harvest. There are many very healthy businesses in the tequila world. There are many companies that are publicly traded. The point is that this is a good business to be in.
