Damon Dash’s net worth is estimated at $100,000 in 2024. He is a music executive, entrepreneur, and record producer from America. Damon Dash helped Jay-Z start Roc-A-Fella Records and Rocawear.
Early 2000s Dash was worth $50 million. He’s struggled financially recently. He sued the IRS in 2015 for unpaid $4.4 million in taxes. He has a lawsuit against Jay-Z over Roc-A-Fella Records.
Damon Dash has succeeded as an entrepreneur despite his financial challenges. He managed Dash Films and DD172 and founded the Dame Dash Collection. These ventures demonstrate his entrepreneurial talents and determination.
Damon Dash is controversial, yet his commercial success is undisputed. He influenced hip-hop, fashion, and entertainment.
Damon Dash Net Worth Growth
Damon Dash’s net worth has experienced a decline, indicating some financial setbacks. These are caused by financial issues, legal issues, and bad business decisions. However, despite these challenges, Dash has managed to maintain his success as an entrepreneur and businessman within the entertainment industry.
Some Quick Details About Doman Dash
|Damon Anthony Dash
|May 3, 1971
|May 20, 1971
|Harlem, New York City
|Entrepreneur, record executive, film producer, actor
|Co-founding Roc-A-Fella Records, co-founding Rocawear
|BET Award for Best New Artist (1999)
|Produced albums for Jay-Z, Kanye West, and others
|Produced “The Woodsman” and “State Property”
|Lawsuits with Jay-Z and sexual assault allegations
|Co-founded Roc-A-Fella Records, co-founded Rocawear, produced films such as State Property, Paid in Full, and The Woodsman
Damon Dash Biography
Damon Dash was born in Harlem, New York, on May 3, 1971. He spent his formative years growing up in that vibrant area and attended different schools, including Charles Evans Hughes High School. From an early age, Dash exhibited his entrepreneurial drive, even starting to sell newspapers when he was just ten years old. However, he eventually found himself involved in the drug trade before ultimately transitioning into the music industry.
Dash, Jay-Z, and Kareem “Biggs” Burke launched Roc-A-Fella Records in 1995. Successful music label. Jay-Z, Kanye West, and Cam’ron had successful albums. Roc-A-Fella Records CEO Dash sold his stake to Jay-Z in 2005.
Following his departure from Roc-A-Fella, Dash ventured into various other industries, demonstrating his diverse interests and entrepreneurial spirit. One of his notable endeavors was the co-founding of Rocawear, a clothing brand that gained significant popularity. Later on, Dash sold Rocawear to Iconix Brand Group for a substantial sum of $204 million. Additionally, he ventured into the world of film production by establishing Dash Films, which produced movies such as “State Property” and “Paper Soldiers.”
Dash was an actor as well as a businessman. He appeared in “Paid in Full,” “Death of a Dynasty,” and “Empire.” However, Dash has also been involved in legal disputes and public feuds with other Hollywood icons.
Damon Dash Career
Damon Dash started his music career in 1995 by co-founding Roc-A-Fella Records with Jay-Z and Kareem “Biggs” Burke. Jay-Z, Kanye West, and Cam’ron’s hit albums made this record label famous. Dash was CEO until 2005 when he sold his interest to Jay-Z.
Dash’s diverse career after Roc-A-Fella showed his adaptability and drive. He co-founded Rocawear, a successful fashion brand. Rocawear sold for $204 million to Iconix Brand Group. Dash founded Dash Films to pursue his love of filmmaking, producing “State Property” and “Paper Soldiers.”
Dash’s acting career included “Paid in Full,” “Death of a Dynasty,” and “Empire.” Dash has also been involved in court battles and public confrontations with other industry leaders.
Dash has focused on solo entrepreneurial projects in recent years. He founded DD172 and the streaming service Dame Dash TV. He also collaborated with Curren$y and Ski Beatz. Despite his controversies, Damon Dash has had a significant impact on music and entrepreneurship.
Damon Dash Personal Life
Damon Dash’s personal life has seen various relationships and family dynamics. In 2000, Dash’s accountant introduced him to R&B artist Aaliyah in New York City. Aaliyah’s plane tragedy in The Bahamas on August 25, 2001, ended their relationship. Although they were not formally engaged, Dash revealed in interviews after Aaliyah’s passing that they had plans to get married.
In 2005, Dash entered into a marriage with fashion designer Rachel Roy, whom he had been in a relationship with before his involvement with Aaliyah. Their initial connection formed when Roy worked as an intern at Rocawear. The couple welcomed two daughters together. Ava Dash was born on December 7, 1999, while Tallulah Dash came into the world on May 14, 2008. Unfortunately, Dash and Roy went through a divorce in 2009, leading to a contentious custody battle over their children.
Prior to his relationship with Aaliyah and marriage to Rachel Roy, Dash had a son named Dame “Boogie” Dash. Boogie was born on November 28, 1991, to Dash and his former girlfriend Linda Williams. Boogie gained visibility as a cast member on the reality television show “Growing Up Hip Hop.” Additionally, Dash has another son named Lucky, who was born in 2004 from his relationship with Cindy Morales.
Dash’s current relationship is with his fiancée, Raquel Horn. Together, they welcomed a son named Dusko Dash on November 14, 2020, adding to Dash’s expanding family.
Why We Love Damon Dash
He has pride
Damon Dash takes great pride in his independence and self-reliance. He enjoys being his own boss and has never worked for anyone. According to Dash, having a boss implies a subordinate relationship and can be demeaning, as it involves referring to that person as a father figure. Working solely for himself allows him to maintain control over his own destiny and eliminates the worry of being fired or dependent on someone else.
He is persistent
Dash demonstrates persistence in his pursuit of achieving his desired goals. He doesn’t waste time or wait for things to happen. Instead, he actively pursues freelance work to save for his goals. This persistence showcases his initiative and long-standing drive to work hard for what he wants.
For him, passion is vital
For Dash, passion plays a crucial role in his approach to work. He emphasizes the importance of not wasting time and effort on endeavors that do not bring personal benefit or align with one’s desires. According to Dash, to truly be a boss, it is essential to fund your own dreams and not rely on external financing. Even if someone else provides financial support for a business, Dash believes that maintaining a mindset of being a worker rather than an owner can limit one’s potential.
Damon Dash Education
Damon Dash did not attend college. He dropped out of high school to pursue music at 16. He started his career as a DJ and promoter, demonstrating his skills and business attitude. Dash quickly gained a reputation for his hustling nature and relentless drive.
According to Dash, he never quite felt like he fit in at school. His true passions lay in music and business, and he believed that he could acquire more knowledge and experience outside of the traditional educational system.
Despite his lack of formal academic schooling, Damon Dash has achieved remarkable success in various fields. Music, fashion, and movies have become his areas of expertise. He’s a successful businessman who’s used his skills and intuition to advance. His influence on the realms of hip-hop and fashion continues to be felt, as he has made lasting contributions to these industries.
What companies does Damon Dash own?
In 1995, Damon Dash joined forces with Shawn “Jay-Z” Carter and Kareem “Biggs” Burke to establish the music label Roc-A-Fella Records. Jay-Z became the company’s main talent, helping launch his debut album. Roc-A-Fella Records became more popular and worked with more musicians.
Def Jam Recordings bought Roc-A-Fella Records in 2004. Def Jam had previously held a 50 percent stake in the label. Jay-Z assumed the position of Def Jam’s president as part of the deal and even negotiated to secure ownership of his master recordings.
Following the sale of Roc-A-Fella, Damon Dash found himself navigating his career independently. According to an article published by XXL Magazine, he faced the challenges of forging his own path without the support of the label. In more recent years, in 2021, Dash encountered legal troubles when he was sued by Roc-A-Fella over an alleged attempt to create and sell a non-fungible token (NFT) based on Jay-Z’s iconic album “Reasonable Doubt.”
The lawsuit revolved around the ownership rights of the album, with Roc-A-Fella contending that it was not Dash’s to sell or exploit in the form of an NFT. Ultimately, the court ruled in favor of the label, affirming their claim to the album and dismissing Dash’s attempt to profit from it through the NFT market.
Damon Dash Assets
Home: Compared to his riches and property ownership, Damon Dash’s living circumstances have changed drastically. He sold lots of property. His family lives in New York City. He’s struggled financially.
Car Collection: Damon Dash’s car collection includes one or two commuter cars. He frequently drives a Chevrolet and a Ford. Due to financial difficulties, he had to sell many of his cars, reducing his collection.
Damon Dash Personal Loan
In November 2019, Damon Dash encountered legal issues related to child support payments. He was detained for failing to fulfill a substantial payment of $400,000. Reports stated that Dash had to pay over $1 million to secure his release. Unfortunately, his financial troubles continued to mount as the month progressed. Dash filed court documents stating that he was unable to repay a personal loan of $2,400, emphasizing his financial struggles. His business ventures were also not yielding positive results, resulting in financial losses.
Adding to his challenges, Dash revealed that he had received a significant sum of $2 million through a legal settlement with producer Lee Daniels. However, his creditors seized these funds, preventing him from benefiting from the settlement. In March 2019, Dash was sentenced to pay Rachel Roy $341,991 and $25,000 for legal fees.
Overall, Damon Dash faced a series of financial hurdles during this period. These included unpaid child support, difficulties in repaying personal loans, and the loss of a substantial settlement due to actions taken by his creditors. These circumstances highlighted the ongoing financial instability that Dash was grappling with at the time.
Legal Issues With Doman Dash
Curren$y sued Damon Dash for $1.5 million in 2012. Dash was sued for illegally releasing Curren$y’s music. Dash’s lawyers said the music was released legally.
In 2014, Dash paid $50,000 to Boogie’s mother Linda Williams. Dash’s involvement in Williams’ 2009 harassment prosecution required this payment.
Dash’s ex-wife Rachel Roy filed a domestic abuse restraining order against him in April 2015. Roy received sole custody of their girls, while Dash received a three-year restraining order barring contact with them. Dash sued Roy for mismanaging Royale Etenia, their fashion company, for $2.5 million.
Dash settled with Lee Daniels in 2018. Dash wanted $5 million to repay his $2 million investment in Daniels, plus interest. Dash stated that Daniels’ accomplishment did not fully repay his first investment.
Dash was arrested for not paying over $400,000 in child support in November 2019. The arrest occurred during a separate court hearing in New York City for overdue bills. In April 2015, Dash was arrested for owing Cindy Morales $62,553 since 2012. In March 2019, the Bronx Family Court ordered Dash to pay Rachel Roy $341,991 and $25,000 in attorney expenses. Dash’s release cost roughly $1 million.
Damon Dash Achievement and Awards
Throughout his career, Damon Dash has made significant achievements as an entrepreneur, film producer, and music executive. Despite not winning many prizes, his talents in music and film have been internationally recognized. Here are some notable accomplishments:
Co-founding Roc-A-Fella Records: Dash, Jay-Z, and Kareem “Biggs” Burke launched Roc-A-Fella Records in 1995. Jay-Z, Kanye West, and Cam’ron’s hit albums made this label a music powerhouse.
Founding Rocawear: Dash played a pivotal role in the creation of Rocawear, a highly successful clothing brand. The brand’s success soared, eventually leading to its acquisition by Iconix Brand Group for a staggering $204 million.
Film Production: Dash delved into film production, helming projects such as “State Property” and “Paper Soldiers” under his own production company, Dash Films.
Acting Career: Alongside his behind-the-scenes work, Dash has also showcased his acting skills in notable films and television shows including “Paid in Full,” “Death of a Dynasty,” and “Empire.”
Independent Ventures: Demonstrating his entrepreneurial spirit, Dash has ventured into independent projects, including the establishment of Dame Dash TV, a streaming service, and the creation of DD172, a digital media company.
While Dash’s accolades may not be measured solely by awards, his impact on the music and film industries is undeniable. He has earned recognition from industry peers and fans alike for his unwavering dedication and entrepreneurial endeavors.
3 Rules for Success from Damon Dash
After discussing Damon Dash’s net worth and success, let’s learn from his journey:
Surround yourself with the right people:
Surround yourself with good, driven people that inspire and motivate you. Choose friends and mentors who will encourage you to succeed.
Embrace Different Perspectives:
Everyone sees life differently. Take time to comprehend others’ perspectives and experience the world through their eyes. This increases your comprehension, empathy, and openness to life.
Take initiative and work for what you want:
Don’t count on others to help you succeed. Instead, work hard to make possibilities for yourself. Successful people work hard and think ahead.
Damon Dash’s lessons remind us to surround ourselves with the right people, stay happy, and own our achievements. We can accomplish personal growth by applying these ideas.
Facts About Damon Dash
- On May 3, 1971, Damon Dash was born in New York City.
- His adaptability and business skill have led to several successful projects.
- He launched Rocawear, The Weinstein Company, and Dash Radio.
- His work as a producer and performer in films like “State Property,” “Paid in Full,” and “Death of a Dynasty” represents entertainment business engagement.
- Dash has family and ties. He has five children and two wives. He also faced several obstacles. These include bankruptcy, child support, and tax evasion.
- Dash is controversial but a successful businessman. He excels in commercial and legal concerns. Early struggle in Brooklyn’s Marcy Houses.
- He left high school at 16, starting his entrepreneurial life. Dash launched his own shoe store at 19.
- His early 1990s friendship and business alliance with Jay-Z changed his career. In 1995, they launched Roc-A-Fella Records, a global music triumph.
- Dash started and invested in many enterprises after leaving Roc-A-Fella Records in 2004. Dash has succeeded in business and life despite his controversies.
People Also Ask (FAQs)
Here Are Some (FAQs) About Damon Dash_
What is Damon Dash famous for?
American entrepreneur, record label CEO, film producer, director, and actor Damon Dash. With Jay-Z and Kareem “Biggs” Burke, he founded Roc-A-Fella Records. Jay-Z, Kanye West, and others started at Roc-A-Fella Records.
What is Damon Dash’s net worth?
Damon Dash is worth $100k. Roc-A-Fella Records, Rocawear, and Dash Radio made him rich.
What is Damon Dash’s relationship status?
Single Damon Dash. He married Aaliyah from 1999 to 2001 and Rachel Roy from 2005 to 2009. Ava and Dean are his daughters from Roy.
What are some of Damon Dash’s most famous projects?
Some of Damon Dash’s most famous projects include:
Roc-A-Fella Records: Dash, Jay-Z, and Kareem “Biggs” Burke founded Roc-A-Fella in 1995. Roc-A-Fella Records launched Jay-Z, Kanye West, and others.
Rocawear: Dash and Jay-Z created Rocawear in 1999. In 2005, Rocawear earned $700 million. Dash Radio debuted in 2015. Dash Radio is a membership service with exclusive programming from Dash and his friends and coworkers.
What are some of Damon Dash’s controversies?
Damon Dash has had many controversies. Notable controversies:
Jay-Z feud: Dash and Jay-Z have long feuded publicly. After Def Jam bought Roc-A-Fella Records in 2004, the feud began. Jay-Z bought Dash’s Rocawear stock and became Def Jam’s president. Dash claims Jay-Z stole from him, while Jay-Z claims Dash was careless with his money.
His bankruptcy: 2015 bankruptcy for Dash. He could not pay his $50 million obligations. Dash’s failed enterprises, extravagant lifestyle, and legal bills caused his bankruptcy.
His arrest: Dash was arrested in 2018 for attacking a man in a NYC nightclub. Dash was granted bail and pled not guilty.
Damon Dash is a skilled entrepreneur and businessman despite his controversies. He continues to influence music and fashion.
Entrepreneur, record executive, film producer, and actor Damon Dash is well-known in the music industry. Roc-A-Fella Records was founded by him and Jay-Z. Dash was also instrumental in Rocawear’s inception. Despite financial and legal issues, he has become a respected entertainment industry businessman. Dash has also produced and acted in films like “Paid in Full,” “State Property,” and “Honour Up.” Dash’s success and influence in hip-hop, fashion, and entertainment cannot be denied, despite his conflicts with Jay-Z and claims of sexual assault.
Keep an eye for more news & updates on Discover Tribune!