George Clooney will have plenty of money for his newborn twins’ college education — like maybe $500 million apiece.
CNBC reports the movie star is selling his tequila company Casamigos to Diageo for as much as $1 billion.
The “Ocean’s Eleven” (and 12 and 13) star now is richer than the villainous tycoons he used to rob.
“If you asked us four years ago if we had a billion-dollar company, I don’t think we would have said yes,” Clooney told CNBC. “This reflects Diageo’s belief in our company and our belief in Diageo. But we’re not going anywhere. We’ll still be very much a part of Casamigos. Starting with a shot tonight. Maybe two.”
London-based liquor-maker Diageo said it will initially pay $700 million, with the potential for an additional $300 million based on the “ultra-premium” tequila’s showing over 10 years.
“Casamigos, which translates to ‘house of friends,’ started as a private collection of tequilas meant just for [co-owner Rande] 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,” CNBC said.