$1 billion
That’s how much actor George Clooney and friends
Rande Gerber and Mike Meldman could end up getting for Casamigos, the Tequila they founded in 2013. The company said Wednesday that it had been sold to spirits giant Diageo for $700 million, plus up to $300 million more if it hits certain sales targets during the next decade. According to company lore, Clooney and Gerber, the entertainment impresario who is married to Cindy Crawford, spent many nights conducting Tequila “research” at their Casamigos vacation compound on the Baja Peninsula, and the company blossomed from there.