Damon Dash Net Worth
Damon Dash net worth: Damon Dash is an American record producer, entrepreneur and music executive who has a net worth of $10 thousand. Damon Dash is probably most famous for co-founding the music label Roc-A-Fella Records. Dash co-founded Roc-A-Fella with rapper Jay Z. Born May 3, 1971 in Harlem, New York, Damon Dash was at one time one of Hip-Hop's most successful moguls. As Roc-A-Fella records sky rocketed in popularity, Damon saw his net worth rise to an all time peak of $50 million. Unfortunately, the good times did not last forever.
Dash attended private schools in New York and recognized his musical calling at an early age. His success as a record producer led him to branch out into other fields where he also enjoyed much success. He founded two clothing lines, Rocawear with Jay-Z, a highly lucrative brand that was eventually sold for hundreds of millions of dollars. When business was booming, Damon used his clout to branch into several other industries and businesses. Damon eventually branched out into film production, marketing, merchandise and talent management. His film company produced a number of noteworthy films, including "The Woodsman", which starred Kevin Bacon and "Paid in Full" which starred Mekhi Phifer. Dash has appeared in both films, as well, although he served primarily as producer. Damon Dash is currently working on the introduction of a new clothing line and an oil company.
Divorce and Financial Problems: Damon was married to Rachel Roy from 2005 to 2009. He was previously in a relationship with R&B singer Aaliyah from 2000 until her death in 2001. He met Rachel Roy when she was working as an intern at Rocawear. They had two daughters together. Their daughters led to a bitter custody battle when the couple divorced in 2009. Roy accused Dash of domestic abuse and was awarded sole custody as well as a three year restraining order and significant financial support.
During the divorce proceedings, Dash revealed to a judge that he owed $2 million in back taxes and was in the midst of foreclosure on two New York city apartments. He was also being sued by several NYC law firms and various other creditors for lack of payment. His Chevy Tahoe had been repossessed after he could not keep up with the $700 monthly payments. Dash was forced to vacate his $9 million Tribeca New York home which was later sold in foreclosure for $5.5 million. Meanwhile, Jay-Z would go on to sell Rocawear to Iconix Brand Group for $219 million. In August 2015, it was revealed that Damon Dash owes $4.14 million in back taxes to the state of New York.
In September 2019 Damon petitioned a court to end his child support payments. It turns out that during the original divorce proceedings, Damon agreed to pay $6000 per month in child support that would extend beyond when the daughters turned 18. In his court filing Damon claimed that in 2018 he earned a total of $56,000 while Rachel supposedly earned more than $500,000.
In November 2019 Damon filed legal docs claiming he is broke again and could not afford to pay a $2,400 personal debt. This time he claimed his only source of income is his own business which currently makes zero profits. He further revealed that he received $2 million from producer Lee Daniels as part of a lawsuit settlement but the money was garnished by creditors.
|Net Worth:||$10 Thousand|
|Date of Birth:||May 3, 1971 (48 years old)|
|Height:||5 ft 10 in (1.78 m)|
|Profession:||Entrepreneur, Film Producer, Actor, Film director, Music Producer, Screenwriter|
|Nationality:||United States of America|