The mere mention of the name George Clooney brings much to mind. He is an award-winning actor, a world-class prankster and a new father. At the moment, he has the freedom to add “start-up founder who hit the jackpot” to his resume.
Casamigos, the tequila brand that the top actor founded together with some of his close friends Mike Meldman and Rande Gerber in 2013 according to some reliable sources sold itself to the spirits giant Diageo.
According to Nytimes.com, this particular deal will be valuing the provider at up to $1 billion: $700 million in cash up front and up to $300 million more in case it gets to hit the targeted sales over the next decade.
While speaking to a number of top journalists recently, Mr. Clooney said “If you asked us four years ago if we had a billion-dollar company, I don’t think we would have said yes. This reflects Diageo’s belief in our company and our belief in Diageo.”
There is no doubt about it that this transaction depicts the actor as one of the most successful celebrity investors around. A lot of the Hollywood actors have over a number of years played venture capitalists on the side. They have been taking stakes in a wide range of the start-ups.
Among them are Leonardo DiCaprio and Kevin Spacey who have channeled money into Casper, the mattress maker. Justin Bieber is the other celebrity worth mentioning in this particular regard. He has invested in Spotify in the hope that he will be able to get good returns.
The changing times are bringing about a lot of news changes. For instance, Ashton Kutcher will soon stand to be better known for his investment which is contrary to what he was known for in the past-his IMDB entries.
Clooney is a real story success and a lot of people think that it was amazing just how friendship could grow to develop an idea to create the best tasting, smoothest tequila.