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Jay-Z continues to make his presence known as one of the top business leaders in Hip Hop. Mr. Carter is now the proud owner of the popular champagne company that makes Ace of Spades.

After introducing most of us to his favorite brand of bubbly years ago, Jay can now say that he is the proud owner of the company. The announcement was officially made today.

“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. The terms of the deal weren’t disclosed nor was the name of Jay Z’s company. (New York Post)

Cheers…