Damon Dash Net Worth: From $50 million to $100K Wealth Plummeted.
It’s estimated that Damon Dash’s net worth is $200,000. Jay Z and Dash launched Roc-A-Fella Records and two apparel lines, including Rocawear. Rocawear evolved into a multi-million dollar company before being sold.
Many of Damon’s other interests included filmmaking and talent acquisition. The Woodsman” and “Paid in Full” are only two of the many outstanding films produced by his production company. As Damon’s company grew, he used his authority to expand it into other sectors and businesses.
Damon, it’s been reported, has been struggling financially in recent years. In late 2019, Damon told a New York judge that he could not pay child support because creditors were garnishing his wages.
What is Damon Dash Net Worth?
| Net Worth: | $200 Thousand |
| Profession: | Entrepreneur, Actor, Music Manager |
| Age: | 51 Years Old |
| Country: | United States |
| Born: | May 3, 1971 |
| Salary: | $50 Thousand |
Damon Dash Life at the Beginning
Damon Anthony Dash was born on May 3, 1971, in New York City. When he was 15 years old, he lost his mother to an Asthama attack. Dash was diagnosed with diabetes in the same year. He started to hustle from an early age, peddling newspapers and scrubbing the floors of local Harlem barbershops to acquire garments and footwear.
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Career: Damon Dash
In the early 1990s, Damon Dash met Shawn Carter, better known as Jay-Z, a Brooklyn-based rapper. In 1995, the three teamed up with Kareem Burke to start Roc-A-Fella Records in reaction to the poor reception of large record firms.
Reasonable Doubt, Jay-debut Z’s album, was issued under the label and sold 500,000 copies. Following his success in the music industry, Def Jam Records offered him a joint-venture deal that led to the inclusion of other well-known musicians on the roster.
Dash’s company grew significantly under the Roca-A-Fella brand name. For the production of urban films and hip hop documentaries, he formed Roc-A-Fella Films in 1998, which enhanced his net worth even further.
He and Jay-Z established Rocawear, a hip-hop-inspired clothing line for urban guys, in 1999. Selling $100 million worth of clothing by 2000, Rocawear was in direct competition with Tommy Hilfiger and Calvin Klein.
He established a relationship with R&B singer Aaliyah in 2000. The two were together until Aaliyah’s sad death in 2001. The couple has two children, Ava and Tallulah. In 2005, he married fashion designer Rachel Roy. When they split in 2009, they were involved in a bitter custody dispute.
Bonnie Dash was born in 1991, while Lucky was born in 2005 to Cindy Morales and Linda Williams. Raquel Horn, Dash’s fiancée, gave birth to his child, Dusko Dash, in the year 2020.
Problems with the law
During the divorce proceedings with Roy, Dash admitted to a judge that he owed $2 million in back taxes and was the borrower on two houses in New York City. Law firms and other creditors in New York City hold him responsible for unpaid bills. His Chevy Tahoe was confiscated because he couldn’t afford the $700 monthly payments. When Dash’s $9 million Tribeca, New York property went into foreclosure and was finally sold for $5.5 million, he had to leave.
Meanwhile, Jay-Z opted to sell Rocawear to Iconix Brand Group for 219 million dollars. Linda Williams, the mother of Dash’s son Boogie, was obliged to pay $50,000 to him in 2014 after being charged with harassment in 2009. According to paperwork filed in 2015, Damon Dash owes the state of New York $4.14 million in unpaid taxes.
He has worked in the entertainment sector for almost two decades as an actor, entrepreneur, and music producer. By 2022, his net worth is projected to be $200,000. The music business provides the lion’s share of his earnings.
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