Dame Dash Net Worth: The Rise And Fall Of A Mogul

Damon Dash, an American record producer, entrepreneur, and music executive, once boasted a substantial fortune, with his net worth peaking at around $50 million. However, as of today, Dash’s net worth is estimated to be just $100,000. Unlike his former business partner Jay-Z, who is now a billionaire, Dash has faced significant financial challenges in recent years. His legal and financial battles have included unpaid taxes, lawsuits, and child support issues.

Dame Dash Net Worth	$100,000
Date of Birth	May 3, 1971
Place of Birth	Harlem
Nationality	American
Profession	Entrepreneur, Film Producer, Actor, Film director, Music Producer, Screenwriter

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Roc-A-Fella Records

Dame Dash is perhaps best known for co-founding Roc-A-Fella Records alongside Jay-Z. Together, they turned Roc-A-Fella into a powerhouse in the music industry, helping launch Jay-Z’s career and establishing the label as one of the most successful in hip-hop history. In addition to music, Dash ventured into fashion by co-founding the clothing brand Rocawear with Jay-Z, which became a major success. Rocawear was eventually sold for hundreds of millions of dollars, but Dash’s fortunes took a sharp downturn as his relationship with Jay-Z deteriorated.

The Decline

In 2004, Jay-Z took the role of president of Def Jam Recordings, leading to tensions between him and Dash. This led to the eventual sale of Roc-A-Fella Records to Def Jam and the end of their partnership. Jay-Z also bought out Dash’s stake in Rocawear, officially severing their business ties. Unfortunately for Dash, the end of his partnership with Jay-Z marked the beginning of financial troubles.

Financial Troubles

Dash’s financial struggles have been well-documented over the years. In 2014, he was ordered to pay $50,000 to Linda Williams, the mother of his son, for her harassment-related legal issues. Around the same time, Dash revealed he owed $2 million in back taxes and was facing foreclosure on multiple properties. In 2019, he told a judge that most of his income was being garnished by creditors, and he could not afford child support. He also owed significant amounts to various law firms and creditors, adding to his financial woes.

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Despite these difficulties, Dash has retained his 33.3% stake in Roc-A-Fella Records, a move that may still yield financial benefits. In 2024, Dash’s share in the label is set to be auctioned by the U.S. Marshall’s Service to settle an $800,000 judgment related to a legal dispute.

Relationships

Beyond Roc-A-Fella, Dash dabbled in various industries, including film production, merchandise, and talent management. His film company produced notable films like The Woodsman and Paid in Full, further showcasing his versatility as an entrepreneur. However, these ventures were not enough to save him from financial ruin.

Dash’s personal life has also been turbulent. He was married to fashion designer Rachel Roy from 2005 to 2009, with whom he shares two daughters, Ava and Tallulah. Their divorce led to a bitter custody battle, with Roy accusing Dash of domestic abuse. Dash also has a son, Dame “Boogie” Dash, with former girlfriend Linda Williams, and another son, Dusko Dash, with his fiancée Raquel Horn.