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:
PRO-KEDS (he claimed to own Pro-Keds but it wasn’t true.)
The Rachel Roy Clothing Line
Invested in New York nightclub The Plumm,
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.