Damon Dash Net Worth 2022 – Wife, Income, House, Car

With income from the music industry and business ventures, Damon Dash has amassed a net worth of $100 Thousand as of 2022.

Damon Dash is an American record label executive, entrepreneur, film producer, director and actor. He is best known for co-founding the record label ‘Roc-A-Fella’ with Kareem Burke and Jay-Z. In his heyday, he was considered one of the most famous hip-hop moguls with an estimated net worth of $50 million. 

Damon Dash’s ambitious project with Victoria Beckham helped him gain great popularity in Europe. Victoria was not only the face of his fashion line Rocawear in the early 2000s, she also released an album produced by Dash at that time. 

The single Let Your Head Go landed at number 3 in the British charts. His business acumen and ambition to succeed helped him in a variety of ventures. 

He owned a hip-hop fashion label, a music label, a film production company, a shoe brand, a Swiss watch company, a boxing promotion partnership and an art gallery!

Today we’re going to discuss how much money Damon Dash has and how he builds his net worth.

At the end of this article, we will also tell you how to get rich like Damon Dash. So be sure to read to the end.

Damon Dash Net Worth 2022

Damon Dash has an estimated net worth of $100 Thousand in 2022. Over the past two decades, Damon Dash has worked in the entertainment industry as an actor, entrepreneur and music producer. His main source of income is the music industry. He is probably best known as the co-founder of the music label Roc-A-Fella Records.

He has struggled financially in recent years, unlike his former partner Jay-Z, who is now worth a billion dollars. Damon told a New York court in late 2019 that he could not pay child support because most of his income had been garnished by creditors.

To calculate the net worth of Damon Dash, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as student loans and credit card debt, are included in total liabilities.

Here’s the breakdown of his net worth:

Name: Damon Dash
Net Worth: $100 Thousand
Monthly Salary: $4,000+
Annual Income: $50 Thousand+
Source of Wealth: Entrepreneur, Film Producer, Actor, Film director, Music Producer, Screenwriter

Damon Dash Net Worth Last 5 Years

Net Worth 2022: $100 Thousand
Net Worth 2021: $60 Thousand
Net Worth 2020: $40 Thousand
Net Worth 2019: $30 Thousand
Net Worth 2018: $20 Thousand

How Much Money Does Damon Dash Make From Music and Business?

Most of Damon Dash’s income comes from the music industry and his businesses. Let’s take a closer look at how Damon Dash built his net worth of $100 Thousand in detail.

Damon Dash met Shawn Carter, a talented rapper from Brooklyn who called himself Jay-Z’, in the early 1990s. With major record labels not responding to him, the duo teamed up with Kareem “Biggs” Burke to form Roc-A-Fella Records in 1995.

Jay-Z’s debut album, Reasonable Doubt, was released under the label and sold 500,000 copies. Soon after, he managed to strike a joint venture deal with Def Jam Records, which saw other artists such as DMX, Red Man and Method Man join the team.

Not wanting to waste his newfound success, Damon Dash turned to other ventures under the Roca-A-Fella umbrella. In 1998, he founded the production company Roc-A-Fella Films to produce urban films and hip-hop documentaries like Backstage, which further increased his fortune.

In 1999, he and Jay-Z founded Rocawear, a hip-hop style clothing brand aimed at the urban male. By 2000, Rocawear had sales of over $100 million, competing directly with brands like Tommy Hilfiger and Calvin Klein.

After selling his shares in Rocawear in August 2005, he ended his involvement in the Roca-A-Fella empire. He then devoted his energy to managing all his other companies, which at that time included Dash-DiBella Promotions, Tiret New York, Pro Keds, Armadale Vodka, etc.

He also founded a media collective, DD172, which included a magazine (America Nu), a record label (BluRoc Records), a web design company (VNGRD79) and an art gallery.

Damon Dash in Debt

During Roy’s divorce proceedings, Dash revealed to a judge that he owed $2 million in taxes and that two of his Manhattan apartments were in foreclosure. He was also sued by several New York law firms and a number of other creditors for nonpayment. After he failed to make monthly payments of $700, his Chevy Tahoe was repossessed. 

Dash had to vacate his $9 million Tribeca home, which was sold in foreclosure for $5.5 million. Meanwhile, Jay-Z sold Rocawear to Iconix Brand Group for $219 million. 

In 2014, Dash was ordered to pay $50,000 to Linda Williams, the mother of his son Boogie, for accusing her of harassment in 2009. Damon Dash owes the state of New York $4.14 million in back taxes (as of August 2015).

Damon filed a motion to stop child support payments in September 2019. As it turned out, during the original divorce proceedings, Damon had agreed to pay $6000 a month in alimony beyond the age of 18. According to Damon’s court documents, he earned a total of $56,000 in 2018, while Rachel earned more than $500,000.

Dash was arrested in November 2019 for failing to pay $400,000 in child support. After paying more than $1 million, Dash was released. Damon filed legal documents later that month claiming he was broke again and could not pay the $2,400 in personal debt. 

In that case, he claimed that his only source of income was his business, which was not making a profit at the moment. He also revealed that he received $2 million in a lawsuit settlement from Lee Daniels, but the money was seized by creditors. Dash was ordered in March 2019 to pay Rachel Roy $341,991 and $25,000 for legal fees.

How Much Are Damon Dash’s Cars Worth?

Damon Dash owns several cars, which he currently uses for his daily commute. He often drives a Ford and a Chevrolet. While he used to own several cars, some financial problems forced him to sell most of them.

What Houses Does Damon Dash Own?

Formerly, Damon Dash owned many real estate properties and was very wealthy. Currently, he does not own any and has sold most of his properties. He lives in a New York City apartment with his fiancée and their child. Things had not been going well for him lately.

Damon Dash’s Loans and Liabilities

Damon Dash owes a considerable amount of child support. TMZ reports that Dash owes $950,000 in unpaid child support to Rachel Roy and Cindy Morales, the mothers of his children. Dash was arrested for failing to pay child support.

Damon Dash’s Controversies & Scandals

Due to his brash and outspoken nature, Damon Dash has caused controversy throughout his life. His beef with Jay-Z over Roc-A-Fella Records and later in regards to Rocawear is well documented.

In 2008, foreclosure was initiated on two of his Manhattan properties because he and his wife together owed about $7.3 million on the two homes alone. Things got even worse in 2012 when rapper Curren$y sued him for $1.5 million for allegedly releasing the rapper’s music without permission.

In 2009, he was ordered by the courts to pay $500,000 to the mother of his son Boogie. In 2015, his ex-wife Rachel Roy had a domestic violence restraining order obtained against him, which the court upheld.

In 2019, he was arrested when he appeared in federal court in New York City in another case for failing to pay more than $400,000 in child support to two different plaintiffs. It is said that Damon Dash had to pay nearly $1 million to secure his release.

Damon Dash’s Family, Personal Life and Wife

Damon Dash was born on May 3, 1971, in New York City. He lost his mother at the age of 15. As a teenager, he sold newspapers and swept the floors of the local barbershop in Harlem to buy clothes and sneakers. He learned to “scrape by” at a young age, as he likes to put it.

He dated R&B singer Aaliyah, whom he met in 2000. The two were a couple until Aaliyah’s untimely death in 2001. In 2005, he married fashion designer Rachel Roy, with whom he has two daughters, Ava and Tallulah. They separated after an ugly divorce and a custody battle in 2009.

Outside of marriage, Damon Dash has two sons, Dame “Boogie” Dash (born in 1991) with Linda Williams and Lucky, who was born in 2005 with Cindy Morales.

How Much Does Damon Dash Make a Year?

According to some reports, Damon Dash’s annual income is over $50 Thousand.

FAQs About Damon Dash

How rich is Damon Dash?

As per the record of media, Damon Dash’s net worth is estimated to be around $100 Thousand in 2022.

How tall is Damon Dash?

Damon Dash is 1.78 m tall.

How old is Damon Dash?

Damon Dash was born May 3, 1971, in New York, New York, United States. He is 51 years old as of 2022.

Why is Damon Dash’s net worth so low?

He has had financial difficulties in recent years, unlike his one-time partner Jay-Z, who is now worth a billion dollars. A New York judge ruled in late 2019 that Damon was too broke to pay child support, with most of his income garnished by various creditors.

Favorite Damon Dash Quotes

I’ve never tried to be accepted. When everyone is doing one thing, I’ve always had the instinct to go the other way. I don’t understand how an individual with their own mind, their own values, and their own beliefs can be so willing to just follow what everybody else is doing. How can you make history doing what everybody else is doing?

Damon Dash

 

You’re only the boss if you put up your own money.

Damon Dash

 

You speak things into existence, but there’s a gift and a curse with that. You got to be careful what you say.

Damon Dash

 

I don’t complain about other people’s game – I just create my own.

Damon Dash

 

My delivery can be intense, but it’s intense because I need to be heard. I know that people don’t usually listen, as it relates to constructive criticism, without getting offended. So, I speak my mind with an attitude that I don’t care if you get offended; I just want you to get the message.

Damon Dash

 

There’s certain lines you just don’t cross. You know the one thing that will get a man out of pocket is when you mess with his children.

Damon Dash

 

I’m not a mogul; I’m a tycoon.

Damon Dash

 

Work harder than everyone, be patient, and just know that if you’re going to do something on your own, you’re gonna have to feel some pain.

Damon Dash

View our larger collection of the best Damon Dash quotes.

Further Reading

Related Lists of Celebrities’ Net Worth

Or, browse all celebrities’ net worth.

How To Become Rich Like Damon Dash?

Damon Dash did not become rich by luck. To become as rich as Damon Dash, you have to work smart.

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Thanks to the Internet, the world has changed massively in recent years. Nowadays it has become much easier to make money online.

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You can learn how to build a digital asset that generates cash flow for you while you sleep to grow your wealth quickly.

If you seize this golden opportunity in time, you can become as successful as Damon Dash one day.

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