Damon Dash: The Ultimate Broke Hustler

By Friday, November 14, 2008 1 No tags Permalink 0

Easy come and easy go. The Rock has Fallen. The former CEO of Roc-A-Fella records is pretty much broke. Tons of lawsuits, unpaid bills, and back taxes have forced the once mogul and BET 1st reality TV star into hard times. Damon Dash is being forced to give up his NYC homes, his SUV, in order to pay off bills and legal actions against him.

Damon Dash sold his portion of Rocawear fashion to Jay-Z for $30 mil…but where is that money today? He later would sell his interest in Roc-A-Fella records to Island Def Jam for $10 mil. He then went on a wild business starting spree. During that time he launched or brought:

Armadale Vodka
Dash Management
PRO-KEDS (he claimed to own Pro-Keds but it wasn’t true.)
Tiret Watches
The Rachel Roy Clothing Line
Invested in New York nightclub The Plumm,
Dash/DiBella Boxing
CEO Clothing line

But none of these ventures took of to the levels he wanted them to. Hopefully he was smart and made some good investments and put away for a rainy day.

1 Comment
  • Berry
    November 14, 2008

    I don’t feel sorry for him. He was very arrogant and wasteful. There was some special just a few years ago showing how wasteful he was. He would wear his socks one time and throw them away. He had closets full of sneakers that I think he would wear just one time. I think he also wore undershirts one time only. Wasteful.

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