Money Money Moo-nayyy

“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.” Under the terms of the agreement, Jones owns 50% of the joint venture interest. The remaining interest is owned by the two founders, Rachel Roy and Damon Dash, as well as TSM Capital which acquired a minority stake in the business last November. Jones said it will assume operations of the existing designer collection business under license with the new joint venture.

Don't be fooled. Dame won't be taking home a $4 Billion dollar check.

No where close to that figure. But they will be taking home a pretty penny.

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