Jay Z's champagne of choice is now part of his portfolio. The rapper and entrepreneur extraordinaire has purchased the gilded Armand de Brignac (nicknamed "Ace of Spades") brand of bubbly, which retails for $300 a pop but can go as high as $200,000 -- if you like 30-liter bottles made of gold. A new company led by Jay Z, real name Sean Carter, acquired the brand from New York-based Sovereign Brands, which announced the sale this week.
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"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," the company said in a statement.