Damon Da World Coin Net Worth
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What is Damon Dash’s net worth?
Damon Dash is an American record producer, entrepreneur and music director with a net worth of US$100,000. Unlike Jay-Z, his former partner who is now a billionaire, Damon has experienced many reported financial problems in recent years. At the end of 2019, Damon told a New York judge that he was too poor to pay child support and most of his income was seized by various creditors. We will detail his financial history in this article.
Damon Dash is probably best known for co-founding the music label Roc-A-Fella Records. Dash co-founded Roc-A-Fella with rapper Jay Z. He also co-founded two clothing lines with Jay-Z, including Rocawear. Rocawear eventually became a lucrative brand, sold for hundreds of millions of dollars. When business was booming, Damon used his influence to get involved in several other industries and companies. Damon is involved in film production, marketing, merchandise and talent management. His film company has produced many notable films, including “The Woodman” starring Kevin Bacon and “Full Remuneration” starring Maki Pfeiffer.
early life
Damon Dash was born in Harlem, New York on May 3, 1971. He attended a private school in New York and recognized his musical talent at an early age. As a teenager, he would clean the floor in a local barbershop and work as a newspaper salesman to buy sneakers and T-shirts. In his own words, Damon “learned the hustle and bustle” from his mother, and unfortunately, he died of an asthma attack at the age of 15.
Profession
Dash co-founded Roc-A-Fella with the rapper Jay Chou. Dash serves as Jay-Z’s business partner at Roc-A-Fella Records and serves as his former manager. In 1999, Dash organized a tour for Jay-Z and earned $19 million in revenue. As the popularity of Roc-A-Fella records soared, Damon’s net worth reached an all-time high of US$50 million. Unfortunately, the good times did not last forever. After Roc-A-Fella Records was acquired by Def Jam Recordings in 2004, the relationship between Jay Z and Damon deteriorated. Jay Z subsequently agreed to serve as the president of Def Jam. At the end of 2005, Jay-Z acquired Dash from his shares in Rocawear. Because of these events, their relationship officially ended.
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Other venture capital
His success as a record producer allowed him to venture into other fields, where he also achieved great success. He founded two clothing lines, Rocawear and Jay-Z, a lucrative brand that eventually sold for hundreds of millions of dollars. When business was booming, Damon used his influence to get involved in several other industries and companies. Damon eventually got involved in film production, marketing, merchandise and talent management. His film company has produced many notable movies, including the starring “The Woodman” Kevin Bacon And “Full Payment” starring Mekhi Phifer. Dash also appeared in these two films, although he was mainly a producer. Damon Dash also founded DD172, a media collective that includes a magazine American Nu, a web design company called VNGRD79, an art gallery, and BlueRoc Records, a record company department.
relation
From 2000 to her death in a plane crash in August 2001, he had previously established a relationship with R&B singer Aaliyah. The couple was not officially engaged, but Dash said in an interview that the couple had plans to get married. Damon married Rachel Roy from 2005 to 2009. When she was intern at Rocawear, he met Rachel Roy. They have two daughters, Ava Dash (born in 1999) and Tallulah Dash (born in 2008). When the couple divorced in 2009, their daughter sparked a fierce battle for custody. Roy accused Dash of domestic violence and was granted sole custody, a three-year restraining order and important financial support.
Dash also has a son, Dame “Boogie” Dash, born in 1991. He shared his son with his ex-girlfriend Linda Williams. Boogie played the leading role in WE Tv’s reality show “Growing Up Hip Hop”. As of April 2020, Dash is currently engaged to his pregnant fiance and film producer Raquel Horne.
financial problem
In the divorce proceedings with Roy, Dash revealed to the judge that he owed $2 million in taxes and was in the foreclosure of two apartments in New York City. He was also sued by several law firms and various other creditors in New York City for non-payment. His Chevrolet Tahoe was repossessed for failing to pay a monthly fee of $700. Dash was forced to move out of his $9 million Tribeca house in New York, which was later foreclosed for $5.5 million. At the same time, Jay-Z will continue to sell Rocawear to Iconix Brand Group for US$219 million. In 2014, Dash was ordered to pay $50,000 to Linda Williams, the mother of her son Boogie, because she was indicted on harassment charges in 2009. In August 2015, it was revealed that Damon Dash owed the nation $4.14 million in taxes owed in New York.
In September 2019, Damon petitioned the court to terminate his child support. It turns out that in the initial divorce proceedings, Damon agreed to pay $6,000 a month in child support, which will continue to be paid after his daughter turns 18. In his court documents, Damon claimed that he made a total of $56,000 in 2018, while Rachel allegedly made more than $500,000.
In November 2019, Dash was arrested for failing to pay $400,000 in child support. According to reports, Dash paid more than $1 million before being released. Later that month, Damon filed legal documents claiming that he was bankrupt again and was unable to pay the $2,400 personal debt. This time he claimed that his only source of income was his own business, and his current profit was zero. He further disclosed that as part of the settlement of the lawsuit, he received $2 million from producer Lee Daniels, but the money was seized by creditors. In March 2019, Dash was ordered to pay Rachel Roy US$341,991 and US$25,000 in legal fees.
