Jay Z Becomes New Owner of Ace of Spade Champagne

                            
American music star, Jay Z has reportedly acquired the Sovereign Brands; a New York-based wine and spirits company owned by the Besrish family and said to be worth between $25 million and $30 million.

According to a statement, Sovereign Brands made it's position when it said:
                           
“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.”