Damon Dash Net Worth 2022: How Did Damon Amass His Fortune?

In this article, we are going to discuss some fascinating information about the life of famous model Damon Dash, including his age, height, weight, relationship status, family, and net worth. So, read on till the conclusion for more information.

Who is Damon Dash?

Damon Dash is an American actor, entrepreneur, and song producer. He is a proud founder of the Roc-A-Fella record label, which he founded in 1996.

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

Name: Damon Anthony Dash
Date of Birth: May 3, 1971 (50 years old)
Gender: Male
Height: 5 ft 10 in (1.78 m)
Profession: Entrepreneur, Film Producer, Actor, Film director, Music Producer, Screenwriter
Nationality: United States of America

Early Life of Damon Dash

Damon Dash was born in Harlem, New York on May 3, 1971. He went to private schools in the city and realised his musical vocation early on.

Damon Dash Net Worth

He worked as a floor sweeper at a neighbourhood barbershop and as a newspaper seller as a teenager to finance sneakers and t-shirts. Damon, in his own words, “learned to hustle” through his mother, who died tragically of an asthma exacerbation when he was just 15 years old.

Damon Dash’s Career

Dash and rapper Jay Z co-founded Roc-A-Fella Records. Dash was Jay-business Z’s partner and former manager of Roc-A-Fella Records. Dash coordinated a $19 million dollar tour for Jay-Z in 1999.

 

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Damon’s net worth increased to an all-time high of $50 million when Roc-A-Fella recordings gained popularity. Regrettably, the happy times did not stay indefinitely. Jay Z and Damon’s friendship deteriorated following Def Jam Recordings’ acquisition of Roc-A-Fella Records in 2004.

Jay Z later accepted to become president of Def Jam. Jay-Z acquired Dash’s interest in Rocawear in late 2005. Their relationship was declared formally over as a result of these incidents.

What is Damon Dash’s Net Worth?

According to wealthygorilla.com Damon Dash has an estimated net worth of $100,000. Unlike his former boyfriend Jay-Z, who is now a millionaire, Damon has been rumoured to have had a lot of financial difficulties in recent years.

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Damon informed a New York judge in late 2019 that he was unable to pay child support because the majority of his income was garnished by a number of creditors. Throughout this post, we’ll discuss his financial background.

Damon Dash’s Personal Life

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

Damon Dash Net Worth

From 2005 to 2009, Damon was engaged to Rachel Roy. He first met Rachel Roy while she was an intern at Rocawear. They shared two children, Ava Dash and Tallulah Dash.

When the couple split in 2009, their daughters sparked an acrimonious custody dispute. Roy accused Dash of domestic violence and won exclusive custody, a three-year restraining order, and substantial financial assistance.

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Additionally, Dash does have a son, Dame “Boogie” Dash, who was born in 1991. He shares his son with Linda Williams, a previous girlfriend. Boogie is a cast member of WE Tv’s reality show Growing Up Hip Hop.

Dash is presently engaged to film producer Raquel Horn, who is expecting their first child in April 2020.

Financial Issues Of Damon Dash

Dash disclosed to a judge during his legal separation from Roy that he owed $2 million in unpaid taxes and was in the process of foreclosure on two New York City properties. He was being sued for non-payment by many New York City law firms and several other debtors.

His Chevrolet Tahoe had been repossessed due to his inability to make the $700 monthly payments. Dash was evicted from his $9 million Tribeca, New York house, which was ultimately sold for $5.5 million in foreclosure.

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Meanwhile, Jay-Z would later sell Rocawear for $219 million to Iconix Brand Group. Dash was sentenced in 2014 to pay $50,000 to Linda Williams, the mom of his son Boogie, for prompting her to face harassment charges in 2009.

Damon Dash owes the state of New York $4.14 million in overdue taxes, it was revealed in August 2015.

Damon petitioned a court in September 2019 to have his child support payments terminated. Damon agreed to pay $6000 a month in child support throughout the first divorce procedures, which would stretch beyond the daughters’ 18th birthdays.

Damon stated in his court declaration 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 refusing to pay $400,000 in child support. According to reports, Dash paid and over $1 million to secure his release. Late last month, Damon filed legal documents saying he had run out of money and was unable to repay a $2,400 personal loan.

This time, he asserted that his sole source of income is his own firm, which is now profitable. He also disclosed that he earned $2 million in a legal settlement from producer Lee Daniels, but the money was withheld by creditors.

Dash was sentenced to pay Rachel Roy $341,991 and $25,000 in attorney expenses in March 2019.

Frequently Asked Questions

What Caused Damon Dash to Sue Jay-z?

JAY-Roc-A-Fella Z’s Records and label co-founder Damon Dash have settled their legal dispute around Dash’s abandoned proposal to sell a portion of the record Reasonable Doubt as a non-fungible token through an auction (NFT).

Were Aaliyah and Jay-Z Dated Each Other?

Dash stated that JAY-Z had known Aaliyah initially and that they had both begun to pursue her afterwards in a different interview with Hip-Hop-Motivation. Despite getting along with JAY-Z, Aaliyah is said to have started dating Dash in late 1999. They remained partners up until her passing in an aeroplane accident in August 2001.

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