Jay Z Purchases His Favorite Champagne Brand, Ace of Spades

Jay Z is no stranger to poppin' bottles so it's no surprise he has purchased his favorite champagne brand.

One of the most common things Jay Z raps about is champagne, more specifically Ace of Spades. And being the good business man that he is, he is now the owner of that brand.

The announcement of the sale was made earlier today and Jay is now the proud owner of the label. No word on how much it coast the rap mogul to buy the company, but judging that each bottle retails at $300... It was probably a pretty penny.