| Net Worth: | $100.0 Thousand |
|---|---|
| Age: | 52 |
| Born: | May 3, 1971 |
| Gender: | male |
| Height: | 5 ft 10 in (1.78 m) |
| Country of Origin: | United States of America |
| Source of Wealth: | Entrepreneur, Film Producer, Actor, Film director, Music Producer, Screenwriter |
| Last Updated: | 2023 |
TABLE OF CONTENTS
Introduction
Damon Dash is an American actor, entrepreneur, and music producer who has been the proud co-founder of the Roc-A-Fella record company since 1996. With a net worth of $100 thousand, Damon Dash has had a diverse career in the music and film industries, working with some of the biggest names in the business.
Damon Dash’s Net Worth, Career, and Success Story (2023 Update)
Early Life
Damon Anthony Dash was born on May 3, 1971, in New York City. Growing up, he faced adversity after the death of his mother when he was just 15 years old. To make ends meet, Damon sold old newspapers and worked in barber shops to afford clothes. Despite these challenges, he developed a strong work ethic and a determination to succeed.
In 1999, Damon met R&B singer Aaliyah and the two became romantically involved. Tragically, Aaliyah passed away in a plane crash in 2001, leaving Damon heartbroken. Years later, he married fashion designer Rachel Roy, with whom he had two children.
Career
Damon Dash’s career took off in 1996 when he co-founded Roc-A-Fella records with rapper Jay-Z and Kareem Burke. The record label quickly gained success, and Damon served as Jay-Z’s manager during this time. However, their partnership eventually soured, leading to a separation after Roc-A-Fella Records was bought by Def Jam Recordings and Jay-Z purchased Damon’s stakes in Rocawear.
Despite the setback, Damon continued to pursue his entrepreneurial ventures. He founded two clothing lines, including Rocawear, which became a highly lucrative brand sold for hundreds of millions of dollars. Damon also ventured into film production, marketing, merchandise, and talent management.
His film company produced notable films such as “The Woodsman” and “Paid in Full.”
Financial Problems
Throughout his career, Damon Dash has faced numerous financial challenges. In divorce proceedings with Rachel Roy, he revealed owing $2 million in back taxes and facing foreclosure on two New York City apartments. He was also sued by several law firms and creditors for lack of payment.
These financial difficulties led to the repossession of his Chevy Tahoe and the loss of his $9 million Tribeca home.
In 2019, Damon petitioned a court to end his child support payments, claiming financial hardship. He had previously agreed to pay $6,000 per month in child support, but stated that his income had significantly decreased while Rachel’s had increased. Damon’s financial troubles continued when he was arrested for failing to pay $400,000 in child support, leading to a payment of over $1 million for his release.
Legal Issues
Damon Dash has also faced legal issues throughout his career. In 2012, he was sued by rapper Curren$y for $1.5 million for releasing music without permission. Damon’s attorney defended the release, stating it was done legally.
In 2022, a lawsuit between Damon Dash and Jay-Z was settled regarding the sale of Damon’s ownership percentage of Roc-A-Fella Records’ first album, “Reasonable Doubt,” as an NFT. Jay-Z had previously obtained a restraining order to prevent the sale.
In 2023, Damon Dash was mostly cleared of a sexual assault allegation by a federal jury. Monique Bunn had sued him in 2019, claiming he touched her inappropriately during a video shoot. The jury awarded Bunn $30,000 in damages, significantly less than the original amount sought.
Personal Life
Damon Dash has had a complex personal life. He was previously in a relationship with R&B singer Aaliyah and had plans to marry her before her untimely death. He was later married to fashion designer Rachel Roy, with whom he had two daughters. Their divorce was accompanied by a bitter custody battle and allegations of domestic abuse.
Damon also has a son, Dame “Boogie” Dash, from a previous relationship. Boogie stars in the reality show “Growing Up Hip Hop.”
Currently, Damon is engaged to film producer Raquel Horn, and they have a son together named Dusko Dash, born in November 2020.
Summary
Damon Dash is an American actor, entrepreneur, and music producer who co-founded Roc-A-Fella records and achieved success in the music and film industries. Despite facing financial challenges and legal issues, Damon has remained resilient in his pursuit of success.
With a net worth of $100 thousand, Damon Dash’s career serves as a testament to his determination and entrepreneurial spirit.
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