Tuesday, June 17th, 2008

The Rich Keep Getting Richer

Posted by Bossip Staff

Damon Dash and wife Rachel Roy must be celebrating like a mf at this point:

“Damon Dash, the man who helped Jay-Z take Roc-A-Fella Records from the streets to the corporate level, and his wife Rachel Roy announced Monday that they’ve have formed a $4 billion dollar joint venture Jones Apparel Group to develop, market and license the New York-based fashion brand named after his wife.”

We can’t knock ‘em for taking their game to the next level. They got their mogul steez on serious lock.

Source

Comments(95) on “The Rich Keep Getting Richer”

  1. biracial bombshell

    1st and damnnnnnnn I wish I was that rich!!!!!!

  2. Brownie

    Wow :)


  3. They too chipped…move over B&J….

  4. so

    ok $4b sounds a bit high. someone must have added a few extra zeros. Max 400m. much respect anyway

  5. Aunt Viv

    I am so not mad at them…wow!

  6. bree is an OBAMA supporter.. YES WE CAN!

    im sorry who joined? Jay-z, Dame & Rachel?..or am i supposed to believe that this was a venture between Dame & Rachel? or is it Dame , Rachel & Jones Apparel?

  7. Lush-Us Lipps

    Good for them!


  8. Must be nice!


  9. Nice! Go head Damn and Rachel but i still think he and liyah made the cutest couple!!!! Rip Liyah


  10. oh ok.

    She’s gonna make grip off her clothes.

    He has only time on his side so he worked his negotiating magic.

    He can be *****hole-ish but I can’t knock his networking.

  11. Earth Sign

    I know yall aint think Dame was done Bossip.


  12. @MzPretty

    They would’ve been great 2gether.

    Aaliyah was about to combust on these folks.

    Alas, such is life.

  13. uhmm

    wtff is a s*****?

  14. oN dATpiFf & cIRoC

    I really can’t stand Dam Dash, but I will give credit when it is due and I hope the best of luck for their future in that business…

    his wife is VERY pretty. (Aaliyah was much prettier) but whatever. Kudos to them and their success

  15. The_Truth

    I aint hatin. . .but Dash must be at the bottom of the totem pole of the $4B deal. No way does he have that kinda bread when he just made headlines for tax trouble a few months ago.

  16. 6 Figgaz

    Not too long ago Bossip was peddlin’ financial doom and gloom sh*t ’bout these two. Now they’re rich and poppin’ again… whatever. Get that money..

  17. NoWay

    Um *****ody buys her clothes and they wont be buying it now. I see TJ maxx in her future and not billions.

  18. Nurse GiGi

    ^^^6 Figgaz.

    *exactly*

  19. dame got that grown man $$

    well, he was ALWAYS way richer than all them boys – that’s why jay got *****ed .. he thinks he’s something with like 200mill dollar gig now .. naw jigga man, dame still got you beat by 3 0’s so go ahead with that

  20. JJJJJJJJ

    @noway STOP HATING!!!

  21. so called strong sistas

    lol, yall sistas are pathetic. i think yall just bitter. whats the big deal if a white women likes a black man? yall get jealous because yall insecure. yall know successfull brothas are running away from sistas because they got too much attitude and wear weaves.

    and dont come at me with all that bull***** “black men are either dead, in jail, gay and the successfull ones are dating out their race.” well, how come the non black women are able to spot these successfull men? 70% of black women are single. yall still dont get the picture.

    “strong black and independent” my *****. why? what makes you strong and independent? the fact that you have a car, house and a job? let me put yall insecure sistas up on game. as a adult, you are supposed to have a legal source of income, a roof over ya head and a means of transportation.

    so yall need to stop running around screaming “I.N.D.E.P.E.N.D.E.N.T” acting like house cars jobs is something new. women have been doin this ***** for ages now.

    some of you think a good woman equals+ a woman who has her own job,educated, her own house, car etc. thats cool, but as a successfull brotha, and i do mean very successful, i dont give a ***** about those things. you need to have domestic skills, you need to be be a good mom and nurturer, you need to be calm, charming and stfu sometimes. most of you claim to be christian but did you know wives haveto sub mit to their

    husbands?

    word of advice. learn to spot ya natural weaves, stop gettin knocked up by no good bum ***** thugs, cut the attitudes, and maybe just may be, you might be able to land a good successfull brotha.

    i love my sistas. but tough love is needed

  22. Katrina

    Dame is a mess, but I am happy for him, his wife and his children. Bless Jay and B, but I am so tired of seeing and hearing about Jay, “his girl”, “his money”, his this and that, I can’t even tell you. Oh my fault this is about Dame. Kudos to you Dame, Jay can rap (not like Nas though), but Roc-A-Fella would have never been what it is, or really what it was without you. You’re still a big ole slab head, but we love you though. LOL

  23. LdyK

    I’ve been dying to know this answer…was he seeing her and Aaliyah at the same time cause she popped out of nowhere being his girl..i know she used to work for him …or the line but how did their romance ignite?

  24. $m♥K.E.Y.

    is she indian?

  25. Cee

    95% of you all are dumb **********as….I dont even comment on these blogs but its just a shame how true it is that Hate is the new Love. Somebody said Dame must be at the bottom of the 4 billion dollar deal. Even if he is it will still be more money than you will ever see in your life!!! Stop hating and get your own.

  26. Katrina

    Go Dame, always “the Brains” of the outfit. Jay even bit your style….Aaliyah/Beyonce…hmm singing, dancing, acting…hmm…I wonder?

  27. Katrina

    @Cee I hate to agree, but tis true. I have laugh at my own commit above. LOL

  28. Slide Like A Fresh Pair of Gators (fka Keepin' It Real - D'Original)

    Now he’s gonna talk MORE s#it…

    Good for him & his wife – glad to hear the good news…

    I like seeing my people gets there’s – Congrats!!!

  29. alb

    i don’t believe it. Not being a hater but 4 billion, with a “B”. Ya’ll know Bossip has had some typos maybe the writer hit the wrong letter

  30. MSABOGADA

    @ smokey, I think I read somewhere that she is indian (from india) and dutch

  31. lala

    I work at Jones- not the clothing store..but as a technical designer… not sure what to say about this…Hmmm.. verdict is still out on this one for me..let’s just see how long this “marriage” last w/ Jones..

  32. unemployed

    Bossip does not a$$***** the brothers when they’re rich but *****es when some white people make $$$. Who’s the racist now?

  33. I'm Just Me

    FLOP???

  34. Katrina

    That should be, “I have to laugh at my own comment”…you know someone would call me out for that. Damn, I’m off today, trying to type all fast and sh^t. LOL

  35. Suge Knight

    $4 billion is the amount the deal”could” be worth if every *****f*cka on earth buys her clothes, its not what they got up front or what they’ll get no matter what.

    Watch my reality show or i’ll kill you!

  36. Celebrity CSI

    Bossip you & I both know that Rachel Roy wears the pants in that household. lol $4bills huh? Ooo mane I would do some irreversible damage … “house on the hill, 2 doe’s from Tracy Ross”..lol

  37. NoWay

    JJJJJJJJ(Check me out!)

    @noway STOP HATING!!!

    OK I will stop hating for you!

  38. PRTTYBRWNGIRL

    they paid their publicist to fabricate and then leak this .. they are no longe relevant in the music or fashion industry aint *****ody inkin big checks like this for them

  39. Katrina

    True, Suge Knight..I thought you were knocked the f*** out? HAHAHAHA LOL My face hurts. LOL


  40. God 4 billion dollars ,wow and their using the money to get richer instead of doing something for poor people who are starving.

  41. Bronx Brawler

    Pay those past due taxes Dame before you share Mr. Snipes’ fate.

  42. Mr. Marcus ™

    damn … yall quick to hate on people for no reason yo … kinda pathetic, must not have much going on in your own lives if you feel the need to constantly hate on others achievements

    Anyway …

    Congrats to them for the positive movements!

  43. PRTTYBRWNGIRL

    if another stupid mf’er come on here talkin about hatin .. its about rational thinking. this fool was just making headlines cause he couldnt pay taxes! you do the math dumb *****es

  44. BK All Day

    I respect Dame as a businessman. I am so happy for him. I’m a fan of Jay’s but did Dame and a lot of other roc-a-fella artists wrong.

  45. Chanel Shades

    PRTTYBRWNGIRL(Check me out!)

    if another stupid mf’er come on here talkin about hatin .. its about rational thinking. this fool was just making headlines cause he couldnt pay taxes! you do the math dumb *****es

    True dat! Its not hating its keeping it real.

  46. HOTSTUFF

    Nas said it best

    ***** JAY-Z!!!!

  47. Suge Knight

    @ katrina

    Look b*tch i didnt get knocked out ok? It was all a stunt for my new reality show, we were filming an episode on how to drink to much then sleep comfortably on a sidewalk outside a club! besides, you heard from that n*gga who supposedly knocked me out lately? F*ck No! Suge takes care of bidness1

  48. FrenchChocolate

    :-)

  49. I'm Just Me

    @ Hotstuff

    But even now Nas doesn’t feel that way.

    AND TRUTHFULLY PEOPLE Y’ALL SOME JAY-Z D*CK SUCKERS OR SOMETHING??? THIS DOESN’T EVEN TO DO WITH JAY-Z…DANG! THESE TO ARE NOT PSNEUNONYMOUS WITH EACH OTHER. JAY ISN’T THINKING ABOUT DAME AND DAME ISN’T THINKING ABOUT JAY. WHY ARE YOU PPL NAME DROPPING HIM SO HARD IN THIS THREAD.

    IMHO JAY WAS RIGHT TO DROP THIS DEAD WEIGHT *****Y-AZZ BASTID!!

  50. Katrina

    Lol! Boy, you are so angry, but go Suge, take care of that business.LOl

  51. PRTTYBRWNGIRL

    LOL @ im just me trying to use big words and using them out of context AND misspelling them lol that makes you look so dumb.. fyi its spelled SYNONYMOUS. derived from the word SYNONYM .. someone needs to hit the books again

  52. TRACY

    @so called strong sistas

    Do not blame black women it is a fact that some black men prefer white or more mixed women. I see it everyday alot of the educated money making ones do not get with black especially dark black women. If you deny this you are lying.

  53. TRACY

    Funny thing is that it does not bother me, because I tend to frequently attract some really really attractive rich white men.

  54. TRACY

    To the black women who do not date outside, too bad more for me, lol. I remember I was at a party and no black man asked me to dance as yet. Then this very tall, sexy, model looking white man came over asked me to dance. Then all the black men looked very hurt and angry. It was just sooo funny. I never worry about who black men are dating. Let them go ahead and date whoever they want. They do not appreciate us.


  55. Please allow me to hate!!!

    This is some more Bamma ***** Baby Phat bull***** that’s going to have folks looking like some gawdy ***** walking billboards loud ***** NY’er that will barely sell.

  56. I'm Just Me

    @ Prttybrwngirl

    HAHAHA

    Thank you. Each one…teach one! My Word 2007 hasn’t been picking up on quite a few errors that are made. It happens. Whomp, whomp…

    It doesn’t take away from the fact that I have a 3.88 average at one of the tops schools in the country. Thank you very much. And regardless of how I spelled it I know what it means and I did use it in the correct context. Now if you are done you can get off my ***** and wipe ya mouth.

  57. phoenix_simone_xoxo got pulled over last night by Alpharetta PD

    Good for them. Years and years ago E-40 came out with the term Playa Hater. I believe I was in the 8th grade or so. I am now going on 29, YTF are people still using that term? Not everyone is going to like everyone and every damn thing they do. That doesnt mean that they are a “hater”. They may just not be hot or worthy of care.

    And for all the people that talk that ish about why black men don’t date black women, I personally could care less. My feelings will never be hurt because a brotha does not want to date me and would rather date a woman of another race for any reason. Go for what you know and what works best for you, no explanations needed. I don’t know why you people act like black women are suppose to be hurt by that. There are plenty of good men in every race known to mankind that is waiting on the sista of their dreams.


  58. Black women:

    1. talk too much

    2. are too Loud

    3. are too fat (because they don’t exercise afraid to mess up their hair)

    4. are too greedy

    Black women *****’em. Too concerned with what a man can get you. SPEND YOUR MONEY AND GET YOUR OWN *****!!!

  59. Eye

    Rachel Roy is the the coolest couture designer in NYC and if she has made a cha ching deal then my best to her. I am proud of her clothing line and all you average haters can keep watching the rims spin on your chevy because that is how far your imagination reaches. You people have no creative ablitliy in your entire gene poole and you have the nerve to make fun of artist who you are paying to gossip about. Haters fall back.

  60. phoenix_simone_xoxo does not care

    @ Tracy i just saw what you wrote and we are on the same page. I just paid $40 for 7.5 gallons of gas, that is my concern not what brotha is with another woman. As far as I see it and always have there are no color barriers when it comes to love/lust.

  61. Its6amHoGetOut

    @ John D Hater

    White Women:

    1. Talk too much,dont have ***** to say, will say any crazy sh*t to her man and dare his ***** to respond under threat of losing 1/2 his sh*t in a divorce or palimony.

    2.Are too loud, especially when bragging to other white b*tches about the sh*t her man just had to buy her thats gonna cause him to declare bankruptcy.

    3 Are too fat, just walk in any mall on a weekend and you’ll see 200-300lb white hoes with dye’d hair, belly shirts and low cut jeans with fat dirty toes in flipflops.

    4. Are too greedy, look at post number one, argue with your white wife and she’ll try to take everything you’ve worked for all your life, then she’ll want alimony too!

    White women f*ck’em (unless they look like Carmen Electra or Ice T’s b*tch) Too concerned about what you can get in a divorce from your man. WORK AND EARN YOUR OWN MONEY B*TCHES AND BUY YOUR OWN SH*T LIKE COVERED SHOES!

    OH YEAH, MOST MEN LIKE SEASONINGS IN THEIR FOOD!

    6AM, DEFENDING THE HONOR OF SISTA’S (SLIM/REGULAR SIZE) EVERYWHERE!

  62. phoenix_simone_xoxo does not care

    @ John what black women are you speaking of? This black woman speaks when it is necessary, and when I do people tell me to speak up because I do not like being loud, oh yes and I just came back from running six miles Im in damn good shape, and as for my hair I know my way around a comb very well. Greedy? I make my own $$ and pay my own bills been doing it on my own since I was 19, and I’ve put myself through school 3 times and I’m only 28. So again what black women are you speaking of? As a matter of fact no need to comment, I need to get back to my Rosetta Stone and brush up on my spanish. Oh yes that is a $500 program that I paid for with my $$$ No black man needed. And I thank you!

  63. Its6amHoGetOut

    @ PHOENIX,

    you are one of the smartest females in here, if I cared about colorlines I would only be f*ckin’ acne face nappy haired military b*tches here in Honolulu.

  64. Its6amHoGetOut

    John is some white n*gga who got lucky enough to date a black woman, she finally had sex with his ***** then dumped him, now he’s buying her all kind of sh*t to win her back and it aint working. John you should just forget about her and save all your money because the next white ho will want double what the black one got.

  65. Celebrity CSI

    Let me get this outta the way fuhrst…lol@rims spinning on chevy cobalt’s. Oooo y’all play a little too much on Bossip.com

    Secondly, I don’t think there is anything wrong with interracial dating/marrying/kicking it ..IF genuine mutual feelings are involved. People place too much emphasis on color. I don’t like alot of people in general. & that includes some of my brothas & sometimey sistas. lol That’s the beauty of being able to choose. I happened up on a nice one. If someone of another race would have chosen to save me from myself then I would have considered that option. I’m equal opportunity with my needs & WANTS. First come, first serve 101 ..lol

  66. may

    thats exciting in a generic sense of the word. While Damon Dash annoys me most times lol, I just hate his demeanor, I love his wife’s fashion sense and since she was featured on glamour showing her pieces about two years ago i have been a fan.


  67. Oh I’m sorry you misunderstand. I am not a fan of white women either. I am in love with my right hand. No stress, no drama, dependable and understanding.

  68. Chanel Shades

    TRACY(Check me out!)

    To the black women who do not date outside, too bad more for me, lol. I remember I was at a party and no black man asked me to dance as yet. Then this very tall, sexy, model looking white man came over asked me to dance. Then all the black men looked very hurt and angry. It was just sooo funny. I never worry about who black men are dating. Let them go ahead and date whoever they want. They do not appreciate us.

    I agree with everything you said.

  69. Chanel Shades

    phoenix_simone_xoxo got pulled over last night by Alpharetta PD(Check me out!)

    Good for them. Years and years ago E-40 came out with the term Playa Hater. I believe I was in the 8th grade or so. I am now going on 29, YTF are people still using that term? Not everyone is going to like everyone and every damn thing they do. That doesnt mean that they are a “hater”. They may just not be hot or worthy of care.

    And for all the people that talk that ish about why black men don’t date black women, I personally could care less. My feelings will never be hurt because a brotha does not want to date me and would rather date a woman of another race for any reason. Go for what you know and what works best for you, no explanations needed. I don’t know why you people act like black women are suppose to be hurt by that. There are plenty of good men in every race known to mankind that is waiting on the sista of their dreams.

    Amen

  70. jamie

    Shouts to Lala! I work @ jones too :) (in production). I definitely agree, I’m not so sure how long this is going to last… there is no way we would actually sell attractive clothing….

  71. PRTTYBRWNGIRL

    Thank you. Each one…teach one! My Word 2007 hasn’t been picking up on quite a few errors that are made. It happens. Whomp, whomp…

    ^^^ you mean spell check? spell check cant correct idiocy. you need a better education for that

  72. CJ

    Your riches along with Jay-Z will be swallowed up and used 4 more important things in life like ME! mewhewhewhewhahaha!

  73. Z

    Thats whats up. I am happy for them too…

  74. I'm Just Me

    @ Z love the new gravie Momma!

  75. Z

    thank you very much. and how you this afternoon?

  76. I'm Just Me

    I am well and you….I am leaving for the day, so I am very happy right this moment. Tuesdays seem eternal to me.

  77. Z

    tuesday? oh shyt I seriously had it in my head today was friday. I’m over here making plans for the weekend. I am good by the way.

  78. Z

    6am. I saw u was here earlier. Where are you?

  79. MAKE EM SWEAT

    @ 6 Figgaz

    Yeah, I remember when Bossip was pushing Dam was head for broke street. @ Bossip looks like ya’ll got that one WAYYY wrong.

  80. Wrong

    BOSSIP & A HOST OF OTHER SITES HAVE THIS STORY ALL WRONG. THIS ISN’T A $4 BILLION DEAL. JONES IS THE COMPANY THAT’S WORTH CLOSE TO $4 BILLION…NOT THE RACHEL ROY. GEEZ I FEEL SORRY FOR YOU FOLKS WHO ONLY RELY ON GOSSIP WEBSITES TO RECEIVE YOUR DAILY DOSE OF BUSINESS NEWS. JONES ACQUIRED A %50 STAKE IN RACHEL ROY’S LINE. THIS IS PRIMARILY A LICENSING DEAL AND JONES AFFORDS HER THE OPPORTUNITY TO INCREASE PROFITS BY GETTING HER INTO MORE STORES AND THEY WILL BE THE ONES MARKETING HER LINE.THIS STORY BROKE THURSDAY. LEAVE IT TO BLACK FOLKS TO GET 2ND HAND INFO.

  81. Lilyflower

    He is a great black actor. Love him very much. Lots of my online friends on b l a c k c e n t u r y. c o m love him too. You can share your ideas with them if you want. It is a servious interracial dating service.

  82. KEKE

    LMAO!!^^^^^^^ hit it right on the spot. you say that again!!

  83. De

    Rachel is not black, but Arabic, I believe. Who cares!

  84. kigali Weaves R4 Trannies

    @De,

    Rachel Roy is Indian. About three or four countries to the east of the Middle East.

  85. kigali Weaves R4 Trannies

    Good for them but Dame does seem like an ***** clown. Sorry to say. Four billion dollars sounds a bit far fetched but even a piece of that is something to write home about.

  86. kigali Weaves R4 Trannies

    I thought vaginamony was the new word for alimony/palimony? Atleast thats what Tom Leykus says. I miss his show.

  87. lovely and amazing

    @6am

    I love you brother. Will be checking in for your blog announcement. God bless and keep it coming.

  88. Mocha1

    @so called strong sistas——- You sound like you could use a hug and seriously these 3 words should become your BEST friends…Short and Sweet…

    Maybe if your message was accurate and a lot shorter, you wouldn’t feel the need to post the exact same message on every post….

    Writing a damn novel about something that has NOTHING to do with the actual post.

  89. indiandyme

    Rachel is indian….a beautiful indian lady:)

    Although I believe this story isn’t quite accurate, kudos to Rachel for her achievements!!


  90. GOOD FOR THEM…MAYBE ANOTHER KIMORA AND RUSS?????IDK

  91. lala

    @ Jaime! lol, we both need to stay off this site! you know “they” stay blocking every site known to man here!

    I just had a fitting this morning and my fit model was trying to “hoochie” everything up! lol

    But I agree with you,,,I give Rachel one season at Jones,, her style is way too sophisicated for Jones..

  92. Map

    Good for them.

  93. so-so

    they will neva be on j and b level.

  94. caribrider

    Now Bossip can you at least check a rumor or do you need an in house financial advisor. Jones apparel is only worth 1.34 billion (check yahoo finance) on the stock market so I just can’t compute where the other 2.66 billion came from; I don’t think its dame. So if you say the deal is expected to generate 4 billion over 20 years (200 mil per year) I can roll with you on that other than that please do some fact checking and don’t get played. As for all the inter racial ramblings, people please wake up we all poor in this ***** no matter the color. Dame has what he has and you should love who you want too but still I gotta big up my sistas & latinas I stay staring at or wanting and dating you.

  95. Sparkle

    Do we STILL think the white man’s ice is colder? Bishes come in ALL colors and last time I checked white women were wearin weaves cleverly known as “hair extensions”. If white women are so perfect then why are 90% of the white men in California with Asian women? The problem with blacks folks is that we think all other races of people are da sh-t.

    Well squash it. I grew up in an upper middle cl***** white neighborhood and never saw so much mate swapping, “if I can sleep with your 10year old daughter/son/dog/cat you can have the promotion Ray”, closet serial killing, serial rapists, money laundering, embezzling, drug using/dealing freaks in my life. *****ODY on earth loves money like white folks. Integration is the reason that so many blacks under age 40 are as f-cked us as they already are.

    Those black folks who feel the m*****a is so great have obviously never lived the f-ck around them.

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