Damon Dash is an American entrepreneur, record executive, music manager, media mogul, and actor with a net worth of $200,000. Dash co-founded Roc-A-Fella Records with rapper Jay Z, as well as two clothing brands with Jay Z, including Rocawear. Rocawear grew to be a thriving business that was subsequently traded for millions.
Damon utilized his power to expand his organization into other industries and enterprises as it flourished. Damon dabbled with cinematography, advertising, merchandising, and talent acquisition, among other things. His production business was responsible for several notable films, including “The Woodsman” and “Paid in Full.”
According to sources, Damon has had a series of financial issues in recent years. Damon informed a New York judge in late 2019 that he was too impoverished to pay child support, with creditors garnishing the majority of his earnings.
What is Damon Dash’s Net Worth?
|Net Worth:||$200 Thousand|
|Profession:||Entrepreneur, Actor, Music Manager|
|Age:||51 Years Old|
|Born:||May 3, 1971|
On the 3rd of May, 1971, Damon Anthony Dash was born in New York City. He lost his mother because of an Asthama attack when he was just 15 years old. The same year, Dash was diagnosed with diabetes. He started to hustle from a young age, selling newspapers and sweeping the floors of local Harlem barbershops to buy apparel and footwear.
Damon Dash met Shawn Carter, a brilliant rapper from Brooklyn who went by the stage name Jay-Z, in the early 1990s. In 1995, the trio teamed up with Kareem Burke to form Roc-A-Fella Records in reaction to the dismal response of big record labels.
Reasonable Doubt, Jay-debut Z’s album, was published under the label and sold 500,000 copies. Soon after, he was able to secure a joint-venture arrangement with Def Jam Records, which resulted in the addition of more well-known artists to the squad.
Under the Roca-A-Fella banner, Damon Dash expanded his business. In 1998, he founded Roc-A-Fella Films to produce urban films and hip-hop documentaries like Backstage, which increased his net worth even further.
In 1999, he and Jay-Z founded Rocawear, a hip-hop-inspired apparel line aimed at urban men. By the year 2000, Rocawear’s sales had surpassed $100 million, putting it competing directly with Tommy Hilfiger and Calvin Klein.
After selling his holdings in Rocawear in 2005, he stopped his engagement with the Roca-A-Fella business. He subsequently focused his efforts on managing his other businesses, which included Dash-DiBella Promotions, Tiret New York, Pro-Keds, Armadale Vodka, and others at the time.
In addition, he formed a media collective that included a DD172, a magazine record label, VNGRD79, a web design firm, and an art gallery.
In 2000, he began dating R&B artist Aaliyah. Until Aaliyah’s tragic death in 2001, the two were a couple. He married fashion designer Rachel Roy in 2005, and they have two children, Ava and Tallulah, together. In 2009, they divorced and had a contentious custody battle.
Dame “Boogie” Dash was born in 1991 to Linda Williams, and Lucky was born in 2005 to Cindy Morales. Dusko Dash, Dash’s kid, was born in 2020 to his fiancée Raquel Horn.
|Net Worth||$200 Thousand|
|Profession||Entrepreneur, Film Producer, Actor|
|Date Of Birth||May 3, 1971|
|Income||$50 Thousand (Annual)|
Dash confessed to a judge during his divorce proceedings from Roy that he owed $2 million in unpaid taxes and was in the event the borrower on two New York City properties. Several New York City law firms and other creditors have declared him accountable for nonpayment. He couldn’t make the $700 monthly payments on his Chevy Tahoe, so it was seized. Dash was removed from his $9 million Tribeca, New York home, which was eventually foreclosed and sold for $5.5 million.
Meanwhile, Jay-Z decided to sell Rocawear for $219 million to Iconix Brand Group. Dash was forced to pay $50,000 to Linda Williams, the mother of his son Boogie, in 2014 for causing her to be charged with harassment in 2009. Damon Dash owes the state of New York $4.14 million in overdue taxes, according to documents filed in 2015.
Damon filed a court petition in 2019 to have his child support payments stopped. Damon pledged $6000 a month in child support during the divorce process, which would last until the daughters turned 18 years old. Damon stated in his court declaration that he generated a total of $56,000 in 2018, while Rachel allegedly collected more than $500,000.
Dash was sentenced to compensate Rachel Roy $341,991 plus $25,000 in attorney expenses in early 2019. Dash was arrested in the same year for his inability to make $400,000 in child support. Dash is said to have paid over $1 million to be released. Damon filed legal documents later that month, stating he was broke again and couldn’t afford to pay a $2,400 personal debt. This time, he claimed that his only source of revenue is his own company, which is reportedly losing money. He also revealed that as part of a legal settlement, he obtained $2 million from producer Lee Daniels, but that the money was confiscated by creditors.
Damon Dash is an American actor, entrepreneur, and music producer working in the industry for the last 2 decades. He is also a successful businessman who has a net worth of $200 thousand as of 2022. Most of his income comes from the music industry.