Damon Dash is an American actor, businessperson, and music producer. He’s been part of the Roc-A-Fella record company since 1996. Throughout his career, he’s worked really hard and collaborated with famous musicians and worked on many movies. Now, we want to know if he has any legal problems and how much money he has.
Damon Dash Net Worth
Damon Dash is a person who used to work in the music industry. He helped create a famous music label called Roc-A-Fella Records with his friend Jay-Z. They also started a clothing brand called Rocawear, which became very successful and was sold for a lot of money.
However, Damon Dash has faced financial problems in recent years. He had to tell a judge in New York that he couldn’t afford to pay child support because he owed a lot of money to different people. This happened because he had invested in many different businesses, like making movies and managing talent, but not all of them were successful.
So, in short, Damon Dash was once a big player in the music and fashion world, but he ran into money troubles because not all of his business ventures worked out.
Damon Dash Early Life
Damon Dash was born on May 3, 1971, in Harlem, New York. He went to private schools in New York. When he was young, he realized he loved music. As a teenager, he did jobs like cleaning a barbershop and selling newspapers to earn money for sneakers and t-shirts.
He said he learned how to work hard from his mother, but sadly, she passed away when he was only 15 years old.
Damon Dash Impressive Career
Damon Dash and rapper Jay-Z started Roc-A-Fella Records together. Damon was not only Jay-Z’s business partner there but also used to manage him. In 1999, Damon organized a tour for Jay-Z that made a lot of money, around $19 million. When Roc-A-Fella Records became very popular, Damon became very rich, with a net worth of $50 million at its highest point.
But the good times didn’t last forever. Their friendship turned sour after Roc-A-Fella Records was bought by Def Jam Recordings in 2004. Jay-Z became the president of Def Jam. Then, in late 2005, Jay-Z bought Damon’s share of Rocawear, which was their clothing brand. Because of these events, their relationship officially ended.
Take a look at given tweet below:
Dame Dash defends Cam’ron for deleting Jay-Z’s verse from the song ‘Oh Boy’ and says Jay-Z had a pattern of jacking other rappers songs.
— The Art Of Dialogue (@ArtOfDialogue_) December 20, 2023
Who is Damon Dash Wife?
Damon Dash had different relationships in the past. He was with R&B singer Aaliyah from 2000 until she sadly passed away in a plane crash in August 2001. Even though they weren’t officially engaged, Damon mentioned in interviews that they planned to get married.
Later, he got married to Rachel Roy from 2005 to 2009. They met when she was working as an intern at Rocawear. They had two daughters together, Ava Dash (born in 1999) and Tallulah Dash (born in 2008). But when they got divorced in 2009, they had a tough fight about who should take care of the kids.
Rachel accused Damon of hurting her, so she got full custody of the kids, a restraining order, and financial support. Damon also has a son named Dame “Boogie” Dash, born in 1991, with his ex-girlfriend Linda Williams. Boogie is on a reality show called “Growing Up Hip Hop” on WE Tv.
Now, Damon is with his fiancée, Raquel Horn, and they have a son named Dusko Dash, born on November 14, 2020.
Damon Dash Financial Problems
When Damon Dash was getting a divorce from Rachel Roy, he had some big money problems. He owed $2 million in back taxes, and he was about to lose two apartments in New York City. Many people were suing him because he hadn’t paid them, including some law firms in New York City. He even lost his car, a Chevy Tahoe, because he couldn’t keep up with the $700 monthly payments.
He had to leave his $9 million home in Tribeca, New York, and it was sold for much less, $5.5 million. At the same time, his friend Jay-Z sold Rocawear, their clothing brand, for a huge amount of money, $219 million.
In 2014, Damon had to pay $50,000 to Linda Williams, the mother of his son Boogie because she got into trouble because of him in 2009. Then, in August 2015, it was found out that Damon owed $4.14 million in back taxes to the state of New York.
In September 2019, Damon went to court to stop paying child support. He had agreed to pay $6,000 every month, even after his daughters turned 18, during his divorce. But he said he didn’t earn much in 2018, only $56,000, while Rachel earned over $500,000.
In November 2019, Damon got arrested for not paying $400,000 in child support. He paid more than $1 million to get out of jail. Later that month, he said he was broke again and couldn’t even pay a $2,400 personal debt.
He mentioned that his only income was from his business, but it wasn’t making any profits. He also got $2 million from a lawsuit with producer Lee Daniels, but creditors took that money. In March 2019, Damon was told to pay Rachel Roy $341,991 and $25,000 for her lawyer’s fees.
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Damon Dash Legal Issues
In 2012, a rapper named Curren$y sued Damon Dash for $1.5 million, saying Damon released his music without permission. Damon’s lawyer said the music was released legally.
In June 2022, Jay-Z and Damon Dash settled a lawsuit. It was about Damon trying to sell his part of a record label’s first album, “Reasonable Doubt,” as a special digital item called an NFT. Before that, Jay-Z had stopped Damon from doing it with a restraining order.
In early 2023, Damon Dash was mostly cleared of a sexual assault claim by a jury. A woman named Monique Bunn sued him in 2019, saying he touched her inappropriately while she was asleep at his house during a video shoot. At first, she asked for a lot of money, but the jury only gave her $30,000 in damages because they didn’t find Damon responsible for everything.