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Thursday, April 25, 2024

Dame Dash’s Net Worth Went From $50 Million To $100K

Damon “Dame” Dash co-founded the Roc-A-Fella label and became a millionare through a variety of media-related businesses, but his net worth in 2022 is predicted to be $100,000. What went wrong? Dame Dash’s Net Worth Went From $50 Million To $100K.

Dame Dash’s net worth

Dash’s career in the music and media industries has been more illustrious than most. He was Jay-Z’s manager and business partner at Roc-A-Fella Records, where he organized a tour that made $19 million in profit in 1999. Later, he formed DD172, a vast media organization with a magazine, web design firm, record label division, and art gallery.

Things, however, soon began to change. “Even happy couples aren’t immune to divorce,” stated NY Magazine in 2006. Def Jam Recordings acquired half of Roc-A-Fella that it didn’t already own in 2004, and Jay-Z became its president.

In 2004, Jay-Z bought out Damon Dash from Rocawear, their hip-hop apparel business they’d started together five years prior. The sale was worth nearly $20 million, and it added up to a lot of money for the 20-year old New York City barbershop floor sweeper who went there to buy sneakers and T-shirts as a teenager. In 2006, NY Mag quoted Dash as estimating his net worth at “around $50 million.”

Damon Dash’s net worth to plummet

Damon Dash and Rachel Roy’s divorce was finalized after four years of marriage. They had dated previously while Damon was dating Aaliyah, who died in a plane crash at the age of 18.

The aftermath of their divorce, according to Heavy, was a “bitter custody fight,” and they have two daughters: Ava and Tallulah. TMZ goes into more detail about Dash’s situation during this time period. He has five children in total: Damon Dash II, Tallulah, Ava, Lucky, and Dusko.

dame-dash-net-worth

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In 2012, rapper Curren$y sued Damon Dash for $1.5 million; two years later, he was compelled to pay Linda Williams, the mother of his eldest son, $50,000; other suits followed in 2015 (involving Rachel Roy), 2018 (involving Lee Daniels) and 2019. The last one involved child support payments.

In 2010, one of his Manhattan apartments, a Tribeca duplex, was put up for auction during a foreclosure sale. It sold for $5.5 million. According to the New York Post, he had neglected to keep track of his mortgage payments. Damon Dash owed more than $4 million in taxes to the state of New York in August 2015, according to Celebrity Net Worth.

Dash signed Kanye West to Roc-A-Fella in the early 2000s

In a recent episode of Fox Sports’ Club Shay Shay, Dame Dash claimed that he had little faith in Kanye when he first met him. However, he did manage to sign him up.

“I never expected that in a billion years,” he said. “I expected other people that were in my crew to be Kanye – I expected someone to do those things, but I didn’t know it would be him.”

He continued: “I think this is the right time for [Jeen-Yuhs to come out] because you get insight into who Kanye is, especially because he’s so public. He’s turned into our new Michael Jackson. Whether that’s negative or positive, but that’s just is what it is,” he said. “I wasn’t expecting all that from Kanye.”

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