Rachel Roy Tells Dame It’s Over

- By Bossip Staff

Posted by Bossip Staff

dash/roy

Rachel Roy has decided to jump ship on her 4 year marriage to Damon Dash:

He’s got no money, but he sure does have mo’ problems. Roc-A-Fella Records and Rocawear co-founder Damon Dash has been slapped with divorce papers by wife Rachel Roy.

The stunning fashion designer piled onto Dash’s already sizable stack of lawsuits when she filed for divorce from her husband of four years this month in Manhattan Supreme Court. Ed Hayes, a lawyer for Roy, declined comment, and a Dash spokeswoman did not return calls or e-mails. An electronic record of the case says the divorce is for “nonmonetary relief” and should be resolved by February.

Dash and Roy, who put her own name on a women’s fashion line, got hitched in Mexico in January 2005. They met when Roy was working at Rocawear and have two daughters. The breakup is the latest legal mess for the has-been hip-hop titan, whose empire – which he once pegged at “about $50 million” in a New York magazine profile – has crumbled under massive debt, bad business deals and one suit after another.

Dash, who in 2005 sold his stake in Rocawear to Jay-Z for $20 million, owes $2 million in state taxes, and a bank has started foreclosure proceedings on his two Tribeca condos.

A Manhattan judge even ordered the city to seize his luxury Chevrolet Tahoe SUV last year when he couldn’t make the $714.99 monthly payment. He’s also being sued by law firms and landlords for not paying his bills.The fall has been a spectacular one for Dash, who sipped Champagne on a yacht in Jay-Z’s video for “Big Pimpin'” – then emptied his bottle of bubbly onto bikini-clad beauties in a hot tub. “He’s broke, he’s got nothing left,” a source said.

Dash debuted last year as a theater producer with the “Hip-Hop Monologues,” an Off-Broadway account of the life of his latest protégé, rapper Jim Jones. The production is set to resume performances tonight at 37 Arts in Manhattan.While he may have been short on cash, Dash wasn’t short on confidence when he hyped the show in New York magazine and vowed to make a splashy return to the music business. “And when I come back, I’m gonna change the economy as well,” he said.

Can’t blame Rachel for pulling out before his broke @ss made lasting (and devastating) effects on her quality of life. SMH.


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Comments

  • Lisa Vee

    1st

  • http://chrisbrownworld.com Hoeskillme....LOL

    Damn,

    Dame..U better start calling Jay z right NOW!

  • statim08

    When it really rains it does pour.

  • pm

    thats whats happens when the woman gets with you for money and status, the status goes and so does she.

  • kahmmillion

    That’s what usually happen when a man goes after a woman for her looks and a woman goes after a man for his stacks. When the stacks run out, so does she.

  • Ermy Erm is Disillusioned with Society

    Dame the Lame

  • stunnaz

    what a shame

  • The Official Mrs. Carter

    Who is to blame

  • Mhax Money Bagz

    Damn!

  • too damn bad...

    Egotistical fools don’t recognize that they will never stay to see the worse; you only have them for the better.

  • GoldenBrownCutie

    Lol! at the rhyming!!

  • Smooth brotha that will run up in ya baby mother

    and the tahoe was bought for someone under his name who stopped making payments, wasnt his car he has a maybach lol

  • Kevin

    What ever happened to stand by your man?

  • jb_1030 (Dreams she is Amber Rose so she can wear those shoes)

    Ermy Erm is Disillusioned with Society

    Dame the Lame

    stunnaz

    what a shame

    The Official Mrs. Carter

    Who is to blame
    *****************************************

    WHat the Hell are you all sitting next to each other? Dame needs to get you guys to write the next big rap for Jim Jones

  • chrissy

    WHAT I WANT TO KNOW IS WHY SHE WENT AND OPEN UP HER LEGS TO HAVE A SECOND CHILD WITH THIS IDIOT..IF THE MARRIAGE IS NOT WORKING LAST YEAR OR LAST MONTH OR 2 YRS AGO WHY OPEN UP YOUR LEGS AND CONCIEVE ANOTHER CHILD WITH THIS MAN…YOU WOMEN JUST AMAZING…..

  • jb_1030 (Dreams she is Amber Rose so she can wear those shoes)

    @ Smooth

    And you know this for a fact how?

  • Black Devil vs. White Devil

    dayum.

    Maybe things will get better for dame. He has a whole slew of haters hoping for his demise. If it is not love that excites then it is hate. Dame is a hustler he’ll be A.Ok

  • Negrodamus Believes(Spanish people dont have insurance)

    Damn homie in high school you was the man homie.

    Seriously my high school years was the years of rocafella..SMH

  • jb_1030 (Dreams she is Amber Rose so she can wear those shoes)

    Morning Man

    Are you trying to tell us something with your prediction?

  • Whut??

    Marry somebody that can enjoy beans and cornbread with you when you can’t afford lobster and steak, that’s all I gotta say…

  • Ermy Erm is Disillusioned with Society

    LMAO!!! NAW we ain sittin next to each other. i just always couldnt stand him from back in the day when he was wit Aaliyah. he was a lame then and even lamer now. i saw him on Cribs and wanted to pop his nose for bein so arrogant. but LMAO @ the rhymin for real. so unexpected

  • Jamilah

    Smooth brotha that will run up in ya baby mother
    aka

    Damon Dash himself.

  • ShavonDenise

    I saw this coming because I havent seen them together in a while. For some reason I dont blame her because he is an a$$ and he deserves what he gets because of the way he treats people. Unfortunately he probably wont learn a bit of humility from this and might get his flunky Jim Jones to come out with a diss record or something about his wife. Roy had every right because Dame is in his second childhood like Nas said and guys like him will never grow and/or change. He married her because of her looks and she married him for his stacks so it is what it is.

  • Cj

    Its unfortunate that another black family disolves.

    I wonder if he wears the same pair of socks more than once now….

  • Micaroni715

    Dame Dash situation is similiar to other hip hop moguls: Master P, Suge Knight and too many others to name. I do not envy him at all.

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