George Clooney has sold his tequila company for a cool $1 billion

Shots on you, George

Words by Jadie Troy-Pryde

It has been a couple of weeks since George and Amal Clooney announced that they had welcomed their twins, Alexander and Ella, into the world. Although they are yet to release any official pictures of their newborns, it has been revealed exactly why they ditched the characteristically unusual celebrity names in place of those sweet monikers.

In a statement, their spokesperson said at the time: 'This morning Amal and George welcomed Ella and Alexander Clooney into their lives. Ella, Alexander and Amal are all healthy, happy and doing fine. George is sedated and should recover in a few days.'

Now, it seems that George is fully recovered and the first thing on his to-do list was to sell his profitable tequila company, Casamigos.

George owned the brand with his pal Cindy Crawford's husband, Rande Gerber, but has decided to shut shop for a very respectable $1 billion.

Multinational beverage company Diageo has shelled out $700 million for Casamigos, with a further $300 million in performance related payments expected over the next ten years.

In a statement to Entertainment Tonight, new dad George said: 'If you asked us four years ago if we had a billion dollar company, I don’t think we would have said yes.

'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.'

When Clooney and Gerber started the business they had no idea how much of a success it would be. Gerber told Business Insider: 'As you do in Mexico, we would drink a lot of tequila.

'We’d go out to bars and restaurants, and bartenders would recommend them. Some were good, some not so good, and some expensive.

'There came a point where George turned to me and said, ‘Why don’t we create one that’s perfect for us?’'

So off the success of their father's investment, two 17 day-old babies have a billion dollar nest egg. We'll just let that sink in.