By John Glenday

George Clooney has proven to himself to be every bit as astute a businessman as he is an actor after agreeing to sell his Casamigos tequila company to Diageo for a cool $1bn.

The takeover is expected to conclude during the second half of the year when Clooney will pocket an initial $700m payout from the global drinks giant, with the prospect of a further payment of $300m based on Casamigos performance over the next decade.

Naturally over the moon at the prospect of becoming an instant billionaire Clooney told CNBC: “If you asked Read full story ›

Source: The Drum