By Sam Frizell
November 6, 2014

He’s not a businessman. He’s a business, man.

Oh wait, actually he’s also a businessman.

Jay-Z has bought the Armand de Brignac champagne business for an undisclosed amount. The champagne is known as “Ace of Spades,” and is produced by eight people in the French town of Chigny-les-Roses, the BBC reports. It was featured in at least one Jay-Z music video and sells for $300 per bottle.

The 44-year-old rap mogul (and businessman) is known for his love of champagne. Jay-Z raps about the Ace of Spades brand in his song “On To The Next One:” “I used to drink Cristal, the muhf***ers racist, so I switched gold bottles on to that Spade sh**” Jay-Z raps. In the music video for the song, you can see the Ace of Spades champagne flash onscreen about one minute and 57 seconds in.

At a fundraiser Jay-Z held for President Barack Obama in 2012, he and his wife Beyonce Knowles reportedly displayed 350 bottles of the drink.

Jay-Z has an estimated net worth of $520 million, according to Forbes magazine, making him the third richest hip-hop star in the world. He has a clothing line, restaurants and a recording label.

Contact us at editors@time.com.

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