Dame Dash Net Worth: About His Early Life, Career And Net Worth

Dame Dash Net Worth

Dame Dash Net Worth

Dame Dash net worth is $100k as an American record producer, businessman, and music executive. Unlike his former partner Jay-Z, who is now a billionaire, Dame Dash has reportedly had several financial problems in recent years. With the majority of his income being garnished by numerous creditors, Dame dash claimed to be too poor to pay child support to a New York judge in the latter part of 2019.

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Financial Issues

Dame Dash disclosed to the judge during his divorce proceedings with Roy that he owed $2 million in unpaid taxes and was in the process of foreclosing on two New York City properties. Additionally, he was being sued for non-payment by numerous NYC legal firms and other creditors.

After he failed to make the $700 monthly installments, his Chevy Tahoe was repossessed. Dash had to leave his $9 million Tribeca, New York, house, which was ultimately sold during a foreclosure sale for $5.5 million. Jay-Z later sold Rocawear to Iconix Brand Group for $219 million.

Dash was ordered to pay $50,000 to Linda Williams, the mother of his son Boogie, in 2014 for causing her to be charged with harassment in 2009. It was discovered that Damon Dash owes the state of New York $4.14 million in overdue taxes in August 2015.

Damon requested a court’s permission to stop paying child support in September 2019. It comes out that Damon had agreed during the first divorce process to pay $6000 per month in child support that would continue until the children turned 18. Damon stated in his court documents that he made $56,000 in total income in 2018, while Rachel allegedly made more than $500,000.

Dash was detained in November 2019 for failing to make a $400,000 child support payment. For his release, Dash reportedly paid more than $1 million. Later that month, Damon filed court documents in which he claimed he was once again broke and unable to pay a $2,400 personal loan.

This time, he stated that his own business, which generates no earnings right now, is his only source of income. He also disclosed that although he received $2 million from producer Lee Daniels as part of a legal settlement, the funds were seized by creditors. Dash was sentenced to pay Rachel Roy $341,991 in addition to $25,000 for legal costs in March 2019.

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Who is Dame Dash?

Dame Dash Net Worth

Damon Dash co-founded the record label Roc-A-Fella Records, which is arguably his claim to fame. Roc-A-Fella was established by Jay Z and Dash. Additionally, he and Jay-Z launched Rocawear, one of two apparel brands they co-founded.

When Rocawear was eventually sold for hundreds of millions of dollars, it had grown to be a very profitable brand. As soon as things started to take off, Damon leveraged his influence to expand into several different markets and ventures.

Damon has experience working in talent management, marketing, and film production. The Woodsman, starring Kevin Bacon, and Paid in Full, starring Mekhi Phifer, were only two of the notable movies his production business worked on.

Early Life

Damon Dash, who was born in Harlem, New York, on May 3, 1971, went to private schools there and discovered his passion for music at a young age. He used to sell newspapers and sweep floors at a neighborhood barbershop as a teen to make money for sneakers and t-shirts. Damon claims that he “learned to hustle” from his mother, who tragically passed away from an asthma attack when he was only 15 years old.

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Career And Other Ventures

Dame Dash Net Worth

Jay Z, a rapper, and Dash created Roc-A-Fella together. Dash was both Jay-former Z’s manager and his business partner at Roc-A-Fella Records. Dash planned a tour for Jay-Z in 1999 that brought in $19 million. Damon’s net worth reached an all-time high of $50 million as the recognition of Roc-A-Fella recordings soared.

Sadly, the happy days did not stay indefinitely. Following the 2004 acquisition of Roc-A-Fella Records by Def Jam Recordings, Jay Z and Damon’s relationship deteriorated. Later, Jay Z consented to accept the position of president of Def Jam. Jay-Z bought Dash’s share in Rocawear from him in late 2005. Because of these incidents, their relationship was formally deemed to be over.

His success as a record producer encouraged him to venture into other industries, where he also found great success. He and Jay-Z co-founded the phenomenally successful clothing company Rocawear, which he later sold for hundreds of millions of dollars.

Damon utilized his influence to expand into several other markets and enterprises when business was growing. Damon ultimately ventured into talent management, marketing, and film production. Several notable movies were made by his production business, including “The Woodsman,” which starred Kevin Bacon, and “Paid in Full,” which starred Mekhi Phifer.

Dash also made appearances in both movies, albeit his role was mostly that of the producer. Along with starting DD172, Damon Dash is the creator of the American Nu magazine, VNGRD79, the BlueRoc Records record label subsidiary, and an art gallery.

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Personal Life

rachel roy

Before her passing in an airplane crash in August 2001, he was previously involved with R&B artist Aaliyah from 2000 to 2001. Although they were not officially engaged, Dash has said in interviews that they intended to wed. From 2005 through 2009, Damon was wed to Rachel Roy.

When Rachel Roy was an intern at Rocawear, he got to know her. Ava Dash, who was born in 1999, and Tallulah Dash were their two daughters (born in 2008). When the couple split in 2009, their daughters caused a contentious custody dispute. After accusing Dash of domestic violence, Roy was granted sole custody, a three-year restraining order, and substantial financial assistance.

Dame “Boogie” Dash, Dash’s 1991-born son, is another child. With his ex-girlfriend Linda Williams, he had a son. Growing Up Hip Hop, a WE TV reality series features Boogie. As of April 2020, Dash and his fiancée, the film producer Raquel Horn, are engaged.

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Who is Rachel Roy?

rachel roy

Rachel Roy was raised in Seaside, California, and was born there on January 15, 1974. She was reared alongside Rajendra Roy, her brother, who currently serves as the Chief Film Curator at the New York City’s Museum of Modern Art. Rachel, a Seventh-day Adventist, was raised in the church by her Dutch mother and Madras-born father.

At the age of 14, she began working in the fashion industry for Contempo Casuals, a local clothing store. Roy earned his high school diploma from Seaside. She worked in New York as a stylist for magazines and music videos after finishing college at Washington Adventist University.

Her Career

She instantly got a job as an intern at the urban clothing brand Rocawear, where she worked her way up to become the creative director of the business’s women’s and kids’ divisions. It was here that she also met her husband, Damon Dash. In 2004, she unveiled her first line of clothing.

In her area, Roy has received several honors and medals, including a 2006 Bollywood industry award for her work in American fashion. She established a joint venture with Jones Apparel Group in June 2008 and was admitted to the Council of Fashion Designers of America in 2007. In 2009, she introduced The Rachel Roy collection, a line of reasonably priced sportswear, accessories, and shoes.

The brand name RACHEL is Exclusive to Macy’s, Saks Fifth Avenue, Bergdorf Goodman, Neiman Marcus, Shoewoo, and Nordstrom are Rachel Roy’s retail locations. In April 2009, Roy collaborated with Teen Vogue to turn a plain T-shirt into a prom dress, cementing her image as a popular figure in the teen market. Later that summer, Roy and British pop diva Estelle partnered to create a jewelry brand.

For Macy’s stores and RachelRoy.com alone, Roy and model Jessica Stam created a capsule collection in the fall of 2010.

Roy has received the ACE Award, and the Bollywood Industry Award, and was named a UN Women Champion for Innovation in 2018. She received recognition for her efforts to promote gender equality while working with the UN. In 2015, Roy and her daughter Ava co-wrote a book titled “Design Your Life: 96 Words for Love.” 2019 saw the publication of it. In addition, Roy serves as a consultant for the international nonprofit World of Children, whose mission is to assist neglected and disadvantaged children everywhere.

Sadly, the Jones Apparel Group decided to sell and liquidate the Rachel Roy Brand in 2013. Moreover, The Jones Group sought to market Roy’s trademarks. Roy retaliated by suing Jones Apparel.

The judge sided with her, acknowledging that Roy had complete creative control over her business and that she had the last say about the buyer. After the legal dispute was resolved, Sycamore Partners purchased the business. Roy currently owns 50% of her fashion business, which she now runs in collaboration with Topson Downs.

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Personal Life

In 2005, Roy wed Damon Dash. Ava Dash (born in December 1999) and Tallulah Dash, their children (b. May 2008.) In April 2015, Rachel, who had filed for divorce in 2009, was given exclusive custody of both of their children. She also requested a restraining order against Dash, which the judge granted for three years to her as well as to her two daughters. Days later, Dash sued her, alleging a breach of fiduciary obligations.


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