How real estate mogul Mike Meldman got into the tequila business with George Clooney

Casamigos tequila company was sold for $1 billion in June 2017

New York Weekend Edition /
Dec.December 08, 2018 01:00 PM

From left: Mike Meldman, George Clooney and Rande Gerber at the Casamigos House of Friends Dinner on June 8, 2018 in Hollywood, California (Credit: Getty)

George Clooney’s birthday golf trips ended up working out very well for real estate tycoon Mike Meldman.

Clooney and his friends would often celebrate his birthday at projects owned by Meldman’s Discovery Land Company, which is how the two initially met, according to Business Insider. Meldman eventually became one of Clooney’s friends himself, and they wound up as business partners in the tequila industry.

That venture worked out well for Meldman as well, as he, Clooney and their partner Rande Gerber sold their tequila company Casamigos to Diageo last year for $1 billion. At the time of the sale, Clooney said the partners would continue to be involved in the company.

Meldman’s Discovery Land Company owns 23 properties catering to CEOs, athletes and presidents. The developments include amenities like golf courses, restaurants and bars, and people need to buy land on the property and build a home if they want to become a member.

Discovery claims to consistently sell $1 billion in real estate a year and remains Meldman’s main focus. The company is based in Arizona and launched its first east coast property last year called Silo Ridge in Armenia, New York. [Business Insider] – Eddie Small


Related Articles

arrow_forward_ios
26 Bank Street and Connie Milstein (Google Maps)
Connie Milstein’s $20M West Village townhouse tops Manhattan contracts
Connie Milstein’s $20M West Village townhouse tops Manhattan contracts
Slate Property Group's Martin Nussbaum and a rendering of the project
Hakimian, Certes land $59M loan for East Harlem multifamily project
Hakimian, Certes land $59M loan for East Harlem multifamily project
Watch TRD Brand Studio’s first-ever webinar on the new office normal
Optimizing the office: TRD Brand Studio webinar on the new workplace normal
Optimizing the office: TRD Brand Studio webinar on the new workplace normal
(iStock)
Drop in home refinancing crimps mortgage firms’ profits
Drop in home refinancing crimps mortgage firms’ profits
Douglas Elliman's Scott Durkin and Connie Mui-Reilly (Douglas Elliman, iStock)
Elliman launches portal to streamline agent resources
Elliman launches portal to streamline agent resources
WATCH: How viral videos helped build this real estate agent’s business
WATCH: How viral videos helped build this real estate agent’s business
WATCH: How viral videos helped build this real estate agent’s business
The reopening of NYC has created a surge of demand for apartments. (Getty)
Reopening sparks signs of a real estate rush
Reopening sparks signs of a real estate rush
The Real Deal's Hiten Samtani and Urban Green Council CEO John Mandyck
Watch: Urban Green Council’s John Mandyck on tackling climate change in NY
Watch: Urban Green Council’s John Mandyck on tackling climate change in NY
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...