The story of Damon Dash is a great study about how one can lose all of their wealth due to naive financial decisions. He has been involved in several legal disputes over the years, including a high-profile battle with Jay-Z. As of 2024, Damon Dash has a net worth of $400,000.
How did Damon Dash lose his Wealth?
Damon Dash was one of the richest music artists at the height of his career, with a net worth of more than $60 million. He has almost lost all of his wealth due to poor investments and a costly divorce. Damon Dash once had 25 luxury cars to his name, but now he only has one.
In 2019, Dash was arrested for owing more than $370,000 in child support to two women. He was released after paying more than $1 million in total to clear his debts.
Divorce Settlement
Damon Dash was married to Rachel Roy from 2005 to 2015. They have two daughters together. The couple’s divorce was contentious, and they traded barbs in public on several occasions. Roy accused Dash of being a deadbeat dad and of being abusive during their marriage.
According to court documents, Dash will pay Roy a $10 million lump sum, $500,000 per year in alimony, and had to give up half of his real estate holdings, including a $10 million mansion in New Jersey and a $5 million townhouse in Manhattan.
Damon Dash Net Worth
| Net Worth | $400,000 |
| Peak Net Worth | $20 Million |
| Debts | $3.71 Million |
| Bank Balance | $18,500 |
| Music Royalties | $160k per year |
FAQs
Damon Dash currently owns Dame Dash Studios, Dash Films, Damon Dash Records, Dame Dash Clothing, and DD Trading. He is also a co-founder of Roc-A-Fella Records and Rocawear, but he sold his stakes in those companies in 2004 and 2007, respectively.
Damon Dash has a son, Dame “Boogie” Dash (born November 28, 1991), with former girlfriend Linda Williams. He has another son, Lucky (born 2004), with Cindy Morales.
He has two daughters, Ava Dash (born December 7, 1999) and Tallulah Dash (born May 14, 2008), with his ex-wife Rachel Roy.
He has a son, Dusko Dash (born November 14, 2020), with his fiancée Raquel Horn.