Who is Damon Dash and what is his net worth 2018? Damon Dash is an entrepreneur who is the co-founder of Roc-A-Fella Records. He founded it along with Kareem Burke and Shawn Carter. He is also an actor and music producer. He is also referred as “Dame Dash”. He has launched the career of several artists including Cam’ron, Kanye West, and Jay Z. He did a number of ventures in his career like fashion, boxing promotion, reality television, music, and publishing. He faced several lawsuits from landlords and creditors and also had unpaid taxes. In 2016, he launched Dame Dash TV.
Damon Anthony Dash was born on May 3, 1971, in New York City, New York. He grew up in Harlem. His parents divorced when he was young. His mother used to sell clothes and his father owned a methadone clinic. When he was 15, his mother died of an asthma attack. He was a bright child and went to a private school to receive a better education. As a teenager, he used to sell newspapers and sweep floors in a local barbershop. With the money, he used to buy shirts and sneakers. He is the cousin of Darien Dash and Stacey Dash. He has two brothers named Bobby and Jeremy.
In 2005, Damon Dash was married to Rachel Roy. With her, he has got two daughters named Tallulah Ruth Dash and Ava Dash. He also has a son named Damon Dash II with Linda Williams. He dated singer Aaliyah in 1999 until her death in a plane crash in 2201. They were not engaged but were planning to get married. His son has been called Damon ‘Boogie’ Dash’.
In 1990, Damon Dash attended a party thrown by Heavy D. In 1994, he met Jay Z. In 1996, he founded Roc-A-Fella Records with Kareem Burke and Shawn Carter. The label released Jay Z’s debut album called ‘Reasonable Doubt’ in 1996. Jay Z’s second album called ‘Vol 2… Hard Knock Life’ was released in 1998 and it sold over 5 million units in the USA. He then became Jay-Z’s manager and organised a tour for him.
The tour also included Eve, Method Man, Redman, Ja Rule, and DMX. In 1999, Dash launched a clothing label called Rocawear. Jay-Z had nine number 1 hits with Dash as his manager. In 2002, rifts evolved between Jay Z and Damon Dash. Roc-A-Fella Records was later bought by Def Jam Recordings and Jay Z became the president of Def Jam. In 2005, Jay Z also took out Dash from Rocawear.
He then went to explore a number of ventures but could not succeed. It has been announced that Dash was involved with Blind Debit in April 2014. In 2016, he announced to launch Dame Dash TV which will be a new lifestyle television network. It will be launched in collaboration with FilmOn streaming service.
In 2005, Damon Dash won the Women Film Critics Circle Awards in the category of ‘Most Offensive Male Character’.
Net Worth of Damon Dash
Damon Dash maintained a great life ahead of his financial crisis. He successfully launched Roc-A-Fella Records and also Rocawear. However, there has been a steep decrease in his wealth. Damon Dash’s net worth is $2.5 million. In 2006, his estimated net worth was $50 million. He failed in everything he tried after his departure with Jay Z. In 2009, he divorced his wife Rachel Roy.
His car was repossessed and was forced to vacate his home worth $9 million. In 2015, he owed taxes worth $4.14 million to the state of New York. In 2008, his unpaid taxes amounted to $2 million. Despite witnessing a downfall in his income he used to maintain a high profile lifestyle. He used to fly to meetings in a private jet and he also had a butler. Dash also owned a glass-roofed limousine and had a chef.
In 2002, Damon Dash appeared in the urban crime comedy called ‘Paper Soldiers’. He has also worked on the album ‘Countdown to Armageddon’. Roc-A-Fella Records also released albums of other artists when Dash was still associated with it. These include Christion, DJ Clue, Memphis Bleek, Beanie Sigel, and Amil.