Casamigos

George Clooney just sold his tequila business for up to $1 billion George Clooney just sold his tequila business for up to $1 billion George Clooney is selling his tequila company Casamigos to Diageo for as much as $1 billion, the company said Wednesday June 21 2017. Clooney and co-owners Rande Gerber and Michael Meldman are expected to stay with the company after its acquisition. Gerber founded nightlife companies Midnight Oil and the Gerber Group, and Meldman is a real estate tycoon. Casamigos, which translates to "house of friends," started as a private collection of tequilas meant just for Gerber and Clooney's friends and family. However, in 2013, the team brought the label public when they had to get licensed to continue making the tequila.