Hennessy is the largest cognac house in the world. Founded by Irish immigrant Richard Hennessy, the House of Hennessy commands approximately 40% of the world cognac market. Hennessy produces a full range of quality products from its V.S. to Paradise cognacs. Hennessy is now owed by French luxury goods conglomerate Moet-Hennessy Louis Vuitton. Hennessy is the clear cognac market leader in the category not because of lower prices but rather due to quality, marketing and name recognition. Indeed, Hennessy V.S.O.P Privilege is priced at the high end of the V.S.O.P range of most cognac houses‘ V.S.O.P. offerings. Hennessy V.S.O.P Privilege is the first such cognac to be designated “very special old pale”. It was produced in 1818 at the request of The Prince of Wales and future King George IV of Great Britain.