Did Jay-Z Make $50 Million Off Ace of Spades?

most viewed right now
 71
Video inside Savage: Chick Tells Her Husband She's Cheating On Him & He Thinks She's..
19 comments
@wild'ish
most viewed right now
 57
Image(s) inside May 19 - Here's #1 Factor Experts Say Accounts for High Number of Mass..
64 comments
@news
most viewed right now
 55
Video inside amber gets gets answer she aint ready for
119 comments
@hiphop
most viewed right now
 34
Image(s) inside 6ix9ine smashing and impregnating every girl in America
75 comments
@misc

section   (0 bx goons and 1 bystanders) Share this on Twitter   Share this on Facebook
 

Props Slaps
 5 years ago '11        #1
6742 pageviews
29 comments


UrbanGAAWD 209 heat pts209
space
avatar space
space
$7,296 | Props total: 1074 1074
Did Jay-Z Make $50 Million Off Ace of Spades?
 

 

[pic - click to view]



Jay-Z was popping Cristal back when a lot of ya thought it was beer and sh-t. But then in '06 he realized that them fu-kers racist, so he switched gold bottles and went on to that Ace of Spades and overnight it became the hip-hop's drink of choice. But it turns out Hov's co-sign might not be as authentic as you think. In a new piece titled "Jay-Z’s Great Champagne Robbery"—which is excerpted from the new book Empire State of Mind: How Jay-Z Went from Street Corner To Corner Office—The Atlantic uncovers the real depth of Hov's a.ssociations with Armand de Brignac (which he casually refers to as Ace of Spades) and how much coin it's generating for one of rap's reigning cash kings.

On how much cake Hov is making off the brand:

"All of them confirmed that Jay-Z receives millions of dollars per year for his a.ssociation with Armand de Brignac. The connection wasn't through the Cattier family, but through Sovereign Brands. The production cost per bottle of Armand de Brignac is about $13; the wholesale price is $225. The maximum output is 60,000 bottles per year. If Jay-Z splits the $212-per-bottle profit evenly with Cattier and Sovereign, a back-of-the-envelope calculation suggests his annual take would be a little over $4 million. One of my sources confirmed that number, and added that Jay-Z may have received equity in Sov*ereign Brands worth about $50 million."

On the perceived quality of Ace of Spades:
"Jay-Z may tout Armand de Brignac in his songs and videos, but to some champagne industry veterans, it's at best a medi*ocre product masquerading as a high-end delicacy. 'It tastes like sh-t,' says Lyle Fass, an independent wine buyer in New York. 'At least Cristal tastes good.'"

The inconsistent story on how Jay-Z discovered the little known French liquor label:
"Shortly after Armand de Brignac's debut in 2006, Bien*venu claims, Jay-Z came across it purely by chance. 'When we started to ship product to the U.S. and especially to New York, Jay discovered our champagne in a wine shop and bought a few bottles,' he says. 'There has never been any partnership, any financial involvement, or something like this between Jay and us.'... But the U.S. Patent and Trademark Office confirms that the first bottles of Armand de Brignac weren't shipped to the U.S. until the fall of 2006—months after Jay-Z's video was filmed. Obviously, it would have been impossible for Jay-Z to stum*ble upon a bottle of champagne in a New York wine shop.

______________

[pic - click to view]

 Why does Jay-Z love Ace of Spades? Probably because he makes millions off it. | Complex

Basically...Jay is doing what Diddy does with Ciroc....took the name, became the public face of the company and profits from bottles sold along with partial ownership in the company....basically more bottles get sold, the more annually Jigga makes plus his percentage of ownership

29 comments for "Did Jay-Z Make $50 Million Off Ace of Spades?"

 5 years ago '11        #2
NewEra21 14 heat pts14
space
space
space
$356 | Props total: 4 4
this is from March 2011.. wtf
 5 years ago '08        #3
bkid 137 heat pts137
space
avatar space
space
$9,691 | Props total: 5911 5911
yea and he got a new cognac that's gonna blow up too

D'usse
 5 years ago '08        #4
Eagles All Day 97 heat pts97
space
avatar space
space
$34,354 | Props total: 15536 15536
Don't follow me youngin follow my moves
 5 years ago '12        #5
Taste Maker 29 heat pts29
space
avatar space
space
$3,712 | Props total: 231 231
There is a real long article about this somewhere. this champagne used to have a different name and a different bottle. it was known as a good champagne for a cheap price. when jay got involved they rebranded it and changed the bottle then jacked up the price.

props to hov though

he deserves the money after all the crystal he helped sell and never got paid..
 5 years ago '12        #6
Ricky Retardo 44 heat pts44
space
avatar space
space
$6,881 | Props total: 18023 18023
I'd prefer Clicquot. taste is alil better.
 5 years ago '12        #7
Mr Fujaveli 36 heat pts36
space
avatar space
space
$24,230 | Props total: 14481 14481
fu*k this camel
 5 years ago '04        #8
mistatnn 
space
avatar space
space
$5,990 | Props total: 4504 4504
The production cost per bottle of Armand de Brignac is about $13; the wholesale price is $225.
 11-22-2012, 05:31 PM         #9
unventnordique 
space
space
space
$n/a | Props total:  
This sh*t is stupid. THey say "given that they split evenly the profit it would give him 4M". Like they would give him 50% of the profits of all sales of Ace just cause he co-signed.. stupid a.ss writer. This is just another 1% of the Nets type of bullsh*t
 5 years ago '09        #10
Jacc Blacc 56 heat pts56
space
avatar space
space
$25,844 | Props total: 9374 9374
bottle of circo in the club= 300 to 500

bottle of ace of spade in vip= 900-1300 with a 2 bottle minimum
 11-22-2012, 05:51 PM         #11
S E L F 
space
space
space
$n/a | Props total:  
Who the fu*k cares? People really writing articles tryna vilify Jay for not publicly disclosing a partnership? Talk about some miserable broke n*ggas. Maybe blame the sheep that follow, next time.
 5 years ago '04        #12
Duntaz 58 heat pts58
space
avatar space
space
$14,338 | Props total: 7583 7583
 mistatnn said:
talk about a easy flip
 5 years ago '12        #13
Boo The Fool 12 heat pts12
space
avatar space
space
$16,578 | Props total: 6202 6202
 Duntaz said:
talk about a easy flip
a 1,700%+ profit off of each bottle without taking production costs into consideration


 5 years ago '06        #14
introspekt757 5 heat pts
space
avatar space
space
$8,766 | Props total: 98 98
Lol @ the taste.. reminds me of Jack Donaghys liquor on 30 Rock
 5 years ago '04        #15
Duntaz 58 heat pts58
space
avatar space
space
$14,338 | Props total: 7583 7583
 introspekt757 said:
Lol @ the taste.. reminds me of Jack Donaghys liquor on 30 Rock

or patron, how americans are under the impression that its one of if not the best tequila.
 11-22-2012, 08:57 PM         #16
bbrossy313 
space
space
space
$n/a | Props total:  
 Duntaz said:
or patron, how americans are under the impression that its one of if not the best tequila.
but but but all the rappers drink patron
 5 years ago '04        #17
young shiz 3 heat pts
space
space
space
$1,159 | Props total: 154 154
This was broken down when it Ace first became hot on Hip Hop Game. Good hustle, can't knock it.
 5 years ago '11        #18
GrindPOWER$ 398 heat pts398
space
avatar space
space
$20,327 | Props total: 15733 15733
fu*k Cristal, so they ask me what we drinking
I thought dudes remark was rude okay
So I moved on to Dom, Krug Rosé
 5 years ago '06        #19
Mike in Reno 20 heat pts20
space
avatar space
space
$13,133 | Props total: 2884 2884
I must be a broke bum cuz I can't even think about spending 100+ dollars for a bottle of liquor
 5 years ago '08        #20
slickdip 
space
avatar space
space
$134 | Props total: 4 4
IM RICH bi*ch! ....:jcoleha:
:nasmad:


Last edited by slickdip; 11-23-2012 at 07:28 AM..
Home      
  
 

 






most viewed right now
 25
Image(s) inside Kaylin Garcia
34 comments
2 days ago
@thotsdimesetc
most viewed right now
 21
NBA Steph Curry has OFFICIALLY lost all hope, his HAIRLINE,& thinks he is in a..
67 comments
2 days ago
@sports
most viewed right now
 19
Image(s) inside Now That's A Real A$$!...
42 comments
1 day ago
@thotsdimesetc
most viewed right now
 14
NBA Where does cousins end up?
80 comments
1 day ago
@sports
most viewed right now
 10
Tekashi tried to 'check in' with Snoop,got DENIED!!!!!
76 comments
2 days ago
@hiphop
most viewed right now
 6
Video inside I guess Lil Tay ain’t flexing on all her haters anymore
323 comments
1 day ago
@hiphop
most viewed right now
 5
Who are your preferred reviewers?
35 comments
1 day ago
@games
most viewed right now
 5
How was your life when this song dropped?
67 comments
2 days ago
@hiphop
back to top
register contact Follow BX @ Twitter Follow BX @ Facebook search BX privacy