Damon Dash Net Worth 2022: How he lost his entire wealth?

Damon Dash is an American actor, entrepreneur, and record producer. He is a proud co-founder of the Roc-A-Fella record label, which he co-founded in 1996. As of 2022, Damon Dash’s net worth is estimated to be $10,000.

Dash has established himself as an extremely hard worker throughout his career, having collaborated with some of the music industry’s most well-known artists and appearing in numerous films.

Full NameDamon Anthony Dash
Date of BirthMay 3, 1971
Birth signTaurus
BirthplaceNew York City, United States
ProfessionEntrepreneur, Film Producer, Actor, Film director, Music Producer
Net Worth$10 thousand

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Early Life

  • Damon Anthony Dash was born on May 3, 1971, in New York City.
  • His mother died of an asthma attack when he was only 15 years old, and it is said that as a teenager, he sold old newspapers and swept the floors of barbershops to buy new clothes for himself.

Damon Dash Net Worth & Career

Dash and rapper Jay Z co-founded Roc-A-Fella Records. Dash previously worked as Jay-business Z’s partner and manager at Roc-A-Fella Records. Dash organized a tour for Jay-Z in 1999 that grossed $19 million dollars. Damon’s net worth increased to an all-time high of $50 million as Roc-A-Fella records gained popularity.

Regrettably, the good times did not last indefinitely. Jay Z and Damon’s relationship deteriorated following Def Jam Recordings’ acquisition of Roc-A-Fella Records in 2004. Jay Z later agreed to become president of Def Jam. Jay-Z acquired Dash’s stake in Rocawear in late 2005. Their relationship was officially rendered over because of these events.

Other Ventures

His success as a record producer prompted him to pursue other endeavors, where he also achieved considerable success. He co-founded two clothing lines with Jay-Z, including Rocawear, a highly profitable brand that was eventually sold for hundreds of millions of dollars. When business was booming, Damon leveraged his influence to expand into a variety of other industries and businesses.

Damon later expanded his business interests to include film production, marketing, merchandise, and talent management. His film company produced a number of notable films, including Kevin Bacon’s “The Woodsman” and Mekhi Phifer’s “Paid in Full.” Dash also appeared in both films, albeit primarily as a producer. Damon Dash also founded DD172, a media collective comprised of an online magazine called American Nu, a web design firm called VNGRD79, an art gallery, and a record label division called BlueRoc Records.

As of 2022, the net worth of Damon Dash is estimated to be $10,000.

Personal Life

He previously dated R&B singer Aaliyah from 2000 until her death in a plane crash in August 2001. Although the couple was not officially engaged, Dash has stated in interviews that they intended to marry.

From 2005 to 2009, Damon was married to Rachel Roy. He first met Rachel Roy while she was an intern at Rocawear. They shared two daughters, Ava Dash (born in 1999) and Tallulah Dash (born in 2008).

When the couple divorced in 2009, their daughters sparked an acrimonious custody battle. Roy accused Dash of domestic abuse and won sole custody, a three-year restraining order, and substantial financial support.

Additionally, Dash has a son, Dame “Boogie” Dash, who was born in 1991. He shares his son with Linda Williams, a former girlfriend. Boogie is a cast member of WE Tv’s reality show Growing Up Hip Hop. Dash is currently engaged to film producer Raquel Horn.

Financial Issues

Dash disclosed to a judge during his divorce proceedings from Roy that he owed $2 million in back taxes and was in the process of foreclosure on two New York City apartments. He was also being sued for non-payment by several New York City law firms and various other creditors.

His Chevrolet Tahoe had been repossessed due to his inability to make the $700 monthly payments. Dash was forced to vacate his $9 million Tribeca, New York, mansion, which was later sold for $5.5 million in foreclosure. Meanwhile, Jay-Z would later sell Rocawear for $219 million to Iconix Brand Group.

Dash was ordered in 2014 to pay $50,000 to Linda Williams, the mother of his son Boogie, for causing her to face harassment charges in 2009. Damon Dash owes the state of New York $4.14 million in back taxes, it was revealed in August 2015.

Damon filed a petition with the court in September 2019 to have his child support payments discontinued. Damon agreed to pay $6000 per month in child support during the initial divorce proceedings, which would extend beyond the daughters’ 18th birthdays. Damon claimed in his court filing that he earned a total of $56,000 in 2018, while Rachel allegedly made more than $500,000.

Dash was arrested in November 2019 for failing to pay $400,000 in child support. According to reports, Dash paid more than $1 million to secure his release. Later that month, Damon filed legal documents claiming he had fallen into another financial bind and was unable to repay a $2,400 personal debt. This time, he asserted that his sole source of income is his own business, which is currently profitable. He also revealed that he received $2 million in a lawsuit settlement from producer Lee Daniels, but the money was garnished by creditors. Dash was ordered to pay Rachel Roy $341,991 and $25,000 in attorney fees in March 2019.

Summary

  • Damon Dash is an American actor, entrepreneur, and record producer.
  • He was born on May 3, 1971, in New York City.
  • Dash and rapper Jay Z co-founded Roc-A-Fella Records.
  • As of 2022, Damon Dash net worth is estimated to be $10,000.

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