Jay-Z Buys Ace of Spades
Black Enterprise magazine Fall 2019 issue

According to the NY Post, Shawn Corey Carter aka Jay-Z, is now the owner of the Ace of Spades luxury champagne label. Jay-Z became a fan of the champagne years ago when it was revealed Louis Roederer Cristal didn’t want its brand to be associated with hip-hop.

“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,” Sovereign said in a statement.

In 2012, Jay-Z and Beyonce had a custom-designed 18-foot-tall tower of the champagne served at a fundraiser for President Obama at his 40/40 nightclub.