Damon Anthony Dash popularly known as Dame Dash is an American record producer as well as an entrepreneur and a music executive. He is most famous for being the co-founder of Roc-A-Fella Records with Jay-Z. He has always made it to the headlines for facing numerous flashbacks. His net worth has seen a major decline, unlike his former partner who is now a billionaire. If you are someone who wants to know more about his economic crisis, this article is for you. It brings you an estimate of Dame Dash’s current net worth.
Dame Dash Current Net Worth
Dame Dash’s current net worth is reportedly estimated to be around $100 thousand. This is a stark contrast to his time with Jay-Z when his net worth reached a record high of $50 million. Dash gained his share of fame when he co-founded Roc-A-Fella Records alongside Jay-Z. He partnered with the famous rapper organizing a tour for him in 1999 raking in $19 million. He also co-founded two clothing lines as well including Rockwear with Jay-Z. However, their relationship and his success was short-lived. It soared over time after Def Jam Recordings bought Roc-A-Fella Records.
Dame Dash Net Worth: Multiple Financial Setbacks
The court in 2014 ordered Dame Dash to pay the mother of his son Boogie, Linda Williams, a total of $50,000 This amount was for causing her prosecution under harassment in 2009. Later, Damon reportedly owed $4.14 million in back taxes to the New York state in 2015. He also revealed he owed $2 million in back taxes amid his divorce proceedings with Rachel Roy. Damon also told a judge two of his NYC apartments were in the midst of foreclosure.
Various creditors sued for lack of payments. He was forced to vacate his $9 million Tribeca, New York home, and his Chevy Tahoe had been repossessed after a monthly payment failure. Damon also had to agree to $6000 child support after his divorce with Rachel which he later failed to pay and was arrested. He had to pay a total of $1 million for his release.
Dame Dash Legal Issues
A rapper named Curren$y sued Dash in 2012 for releasing music without his permission. However, his attorney stated the music was released legally. Ten years later in 2022, the lawsuit between him and his former partner Jay-Z was finally settled as well. Jay-Z claimed that Dash was planning to sell his percentage of ownership of the “Reasonable Doubt” album. He also attained a restraining order against Dash. Following the settlement, Dash was almost cleared in the sexual assault lawsuit filed by Monique Bunn in 2019. However, Dash was still ordered to pay $30,000 as compensation.
Roc-A-Fella Auction Sabotage
Despite getting himself caught up in various controversies, Dash never sold the 33.3% stake he had in Roc-A-Fella Records. It was revealed last year that his stake will be auctioned by the U.S. Marshall’s Service. This was the settle the $800,000 civil judgment related to a copyright and defamation case in 2022. However, Dash later took his social media to complain about Jay-Z sabotaging the auction. His stake plummeted and he declared he would be likely unable to pay the child support or the back taxes. The social services department of NYC also complained about him and suggested whoever buys the stake will pay them through 2098.
Dame Dash Short-lived Success
Roc-A-Fella Records was one of the most successful ventures of Damon Dash. He built significant contacts in Hollywood as well as the music industry during his time with Jay-Z. Dash made good use of his clout and launched many new ventures like film production, marketing, talent management, and more. He also founded DD172 which is a media collective. However, his success was short-lived. After his relationship with Jay-Z ended, he was surrounded by multiple legal and financial crises that drained his wealth.
