| Net Worth | $12 Million |
| Birthdate | Jan 15, 1974 (49 years old) |
| Birthplace | Monterey |
| Gender | Female |
| Height | 5 ft 10 in (1.78 m) |
| Profession | Fashion designer, Designer |
| Nationality | United States of America |
What is Rachel Roy’s net worth?
Rachel Roy, an American fashion designer, holds a net worth of $12 million. Known for dressing celebrities like Michelle Obama, Kim Kardashian, Tyra Banks, Kate Hudson, Penelope Cruz, and more, she gained fame through her reasonably priced fashion line, The Rachel Roy Collection, introduced in 2009. Notably, she made headlines after the 2014 Met Ball when Solange Knowles was observed disagreeing with Roy just before confronting Jay Z, her sister’s husband, in an elevator.
Early Life and Career
Born on January 15, 1974, in Monterey, California, Rachel Roy spent her childhood in Seaside, CA, alongside her brother Rajendra Roy, who currently serves as the Chief Film Curator at the Museum of Modern Art in New York. Raised in a diverse background with a Dutch mother and a father from Madras, Rachel grew up practicing the Seventh-day Adventist faith.
Her initial venture into the fashion world began at the age of 14 when she secured her first job at Contempo Casuals, a local clothing outlet. Rachel graduated from Seaside High School and later completed her college education at Washington Adventist University. Post-graduation, she moved to New York and worked as a stylist for magazines and music videos.
Career Highlights
Rachel quickly transitioned from being an intern to assuming the role of the creative director for the women’s and children’s divisions at Rocawear, an urban fashion line. It was during her time there that she crossed paths with her future husband, Damon Dash. In 2004, she marked a significant milestone by launching her inaugural fashion collection.
Rachel Roy has garnered numerous awards and recognition in her industry, including a Bollywood industry award in 2006 for her impactful contribution to American fashion. She achieved induction into the Council of Fashion Designers of America in 2007 and entered a joint venture with Jones Apparel Group in June 2008.
In 2009, she successfully launched The Rachel Roy Collection, featuring an affordable range of sportswear, shoes, and accessories. Her label, RACHEL Rachel Roy, is exclusively available at Macy’s, Saks Fifth Avenue, Bergdorf Goodman, Neiman Marcus, Shoewoo, and Nordstrom. In the same year, she gained popularity among teenagers by collaborating with Teen Vogue for the April issue, where she transformed a simple T-shirt into a stylish prom dress. Additionally, Roy made waves in the summer of 2009 by partnering with British pop star Estelle for a joint jewelry line.
During the fall of 2010, Rachel Roy collaborated with model Jessica Stam to create a special capsule collection. This exclusive line was made available at Macy’s stores and on RachelRoy.com.
Alongside her Bollywood Industry Award, Rachel Roy has been honored with the ACE Award and earned the title of UN Women Champion for Innovation in 2018. Her recognition from the UN stemmed from her dedicated advocacy for gender equality. In 2015, she co-authored her first book, “Design Your Life: 96 Words for Love,” with her daughter Ava, and it was published in 2019. Beyond her creative pursuits, Roy serves as an advisor to the national non-profit organization World of Children, dedicated to assisting underserved and underprivileged youth globally.
In 2013, the Jones Apparel Group decided to sell and liquidate the Rachel Roy Brand. Additionally, they planned to sell Rachel Roy’s trademarks. In response, Rachel Roy took legal action and filed a lawsuit against Jones Apparel.
The court ruled in her favor, affirming that she retained 100% creative control over her company, including the ultimate decision on its buyer. The lawsuit was resolved, and the company was ultimately sold to Sycamore Partners. Presently, Rachel Roy’s fashion company operates in collaboration with Topson Downs, with Roy maintaining a 50% ownership stake in the company.
Damon Dash Relationship
Rachel Roy married entrepreneur Damon Dash in 2005, and they are parents to two daughters, Ava Dash (born December 1999) and Tallulah Dash (born May 2008). The couple went through a divorce, with Rachel filing for it in 2009. In April 2015, she was granted sole custody of their two children, and a restraining order against Damon Dash was issued for three years, covering both Rachel and her daughters. Damon later filed a lawsuit against Rachel, alleging a breach of fiduciary duties.
In September 2019, Damon requested the court to terminate his child support payments to Rachel. Originally, during the divorce, Damon had agreed to pay Rachel $6,000 per month in child support beyond the age of 18 for their daughters. In his court filing, Damon claimed he earned a total of $56,000 in 2018, while Rachel supposedly earned over $500,000.
In March 2019, the court ordered Damon Dash to pay Rachel $341,991 along with $25,000 for attorney fees. As of January 2024, Damon was back in court seeking a reduction in his child support obligations, claiming he only made a total of $5,140 in the previous year and could afford a maximum monthly support payment of $430.
