Damon Dash Net Worth: How Much Money Does Damon Dash Make From Music and Business?
American record producer, business owner, and music executive Damon Dash has a net worth of $100,000. In contrast to his former partner Jay-Z, who is now a billionaire, Damon has had a lot of money problems in recent years. Damon told a New York judge late in 2019 that he was too broke to pay child support because most of his money was being taken by creditors. In this article, we’ll talk about his past financial situations.
Most likely, Damon Dash is best known for helping to start the music label Roc-A-Fella Records. Dash and Jay Z started Roc-A-Fella together. He also started two clothing lines with Jay-Z. One of them was called Rocawear. Rocawear was sold for hundreds of millions of dollars when it became a very successful brand.
When business was good, Damon used his power to get into several different industries and businesses. Damon tried his hand at making movies, marketing, selling things, and managing people. His film company made several good movies, like “The Woodsman,” with Kevin Bacon, and “Paid in Full,” with Mekhi Phifer.
Damon Dash was born on May 3, 1971, in Harlem, New York. He went to private schools in New York and knew early on that music was his calling. He sold newspapers and swept floors at a barbershop when he was a teenager so he could buy sneakers and t-shirts. Damon says that he “learned to hustle” from his mother, who died when he was 15 from an asthma attack.
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Dash and Jay Z started Roc-A-Fella together. Dash was both Jay-business Z’s partner at Roc-A-Fella Records and his manager in the past. Dash put together a tour for Jay-Z in 1999 that made $19 million. As the popularity of Roc-A-Fella records skyrocketed, Damon’s net worth reached a new high of $50 million.
The good times didn’t last forever, which is too bad. After Roc-A-Fella Records was bought by Def Jam Recordings in 2004, Jay Z and Damon’s relationship got worse. After that, Jay Z agreed to become the president of Def Jam. Late in 2005, Jay-Z bought Dash’s share of Rocawear from him. Because of these things, their relationship was over for good.
There is no way that Damon Dash could have had a more hard childhood than he did.
Losing his mother and not having enough money to pay his bills have caused him a lot of pain and suffering. So far, Damon hasn’t said anything about his academic background or where he went to school.
He used to date R&B singer Aaliyah from 2000 until her death in a plane crash in August 2001. Dash has said in interviews that the couple planned to get married, even though they were not engaged. From 2005 to 2009, he was married to Rachel Roy. When Rachel Roy was an intern at Rocawear, he met her there.
Together, they had two girls, Ava Dash (born in 1999) and Tallulah Dash (born in 2008). When the couple broke up in 2009, a bitter custody battle broke out over their children. Roy said that Dash hurt him at home, so a judge gave him sole custody, a three-year restraining order, and a lot of money.
Dame “Boogie” Dash, Dash’s son, was born in 1991. He lives with his son Linda Williams, who used to be his girlfriend. Boogie is the star of the WE Tv reality show Growing Up Hip Hop. As of April 2020, Dash will be married to film producer Raquel Horn, who is also pregnant.
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Damon Dash Net Worth 2022
In 2022, Damon Dash is thought to have a net worth of $100,000. In the entertainment business, Damon Dash has worked as an actor, a business owner, and a music producer over the past 20 years. The music business is his main source of income. He is probably best known as one of the people who started the Roc-A-Fella Records music label.
In recent years, he has had trouble making money, unlike his former partner Jay-Z, who is now worth $1 billion. Damon told a New York court in late 2019 that he couldn’t pay child support because creditors were taking most of his money.
Damon Dash’s net worth can be found by taking all of his debts away from all of his assets. The total assets include investments, savings, cash deposits, and any equity he has in a house, car, or another similar asset. Total liabilities include all debts, like student loans and credit card debt.
How Much Money Does Damon Dash Make From Music and Business?
The music business and his businesses bring in most of Damon Dash’s money. Let’s look more closely at how Damon Dash made his net worth of $100,000.
In the early 1990s, Damon Dash met Shawn Carter, a good rapper from Brooklyn who went by the name Jay-Z. Since the big record companies didn’t want to work with him, he and his partner joined forces with Kareem “Biggs” Burke to start Roc-A-Fella Records in 1995.
Reasonable Doubt, Jay-first Z’s album, came out on the label and sold 500,000 copies. Soon after that, he made a deal with Def Jam Records to work together with other artists. DMX, Red Man, and Method Man joined the team.
Damon Dash didn’t want to waste his newfound success, so he started other things under the Roc-A-Fella name. In 1998, he started a company called Roc-A-Fella Films to make urban movies and hip-hop documentaries like Backstage. This added to his wealth.
In 1999, he and Jay-Z started Rocawear, a brand of hip-hop-style clothes for urban men. By the year 2000, Rocawear was in direct competition with brands like Tommy Hilfiger and Calvin Klein, with sales of over $100 million.
After selling his shares in Rocawear in August 2005, he was no longer part of the Roca-A-Fella empire. He then put all of his energy into running his other businesses, which at the time included Dash-DiBella Promotions, Tiret New York, Pro-Keds, Armadale Vodka, etc.
He also started DD172, a group of media outlets that included a magazine (America Nu), a record label (BluRoc Records), a web design company (VNGRD79), and an art gallery.