The Harlem hustler’s financial problems stem from a complex mix of lawsuits, bad business decisions and family drama.Damon Dash is an African-American born in New York City on May 3, 1971. However, Dame Dash’s net worth dropped from an estimated peak of $50 million in the 2000s to around $100,000 today. He also had a successful film company and produced several popular rap classics. He also sold his stake in the Rocawear clothing company in August 2005.ĭuring his time with Roc-A-Fella, he signed several artists, including Kanye West, Rihanna and Cam’ron. The label launched Jay-Z’s first album and paved the way for him to become one of the most famous artists in the world.Īfter a successful career, Dame Dash sold his share in Roc-A-Fella Records to Def Jam Recordings for $10 million in 2004. Roc Nationĭamon Dash is an American entrepreneur and record executive who co-founded Roc-A-Fella Records with rapper Jay-Z in 1996. Dame Dash also worked on a fingerprint payment application named Blind Debit in 2014. In 2010, he launched his media collective, DD172, which consisted of a magazine, a web design firm, a record label, and an art gallery. These included Dash-DiBella Promotions, Tiret New York, Pro Keds, Armadale Vodka, and more. For example, he was sued by Curren$y in 2012 over an unlicensed release of his music.Īfter ending his involvement with Roc-A-Fella Records in 2005, Dame Dash focused on establishing other businesses. These include a clothing line called Rocawear, a nightclub, and a music production company.ĭespite his success, Dame Dash has experienced a lot of controversies. In addition to DD172, Dame Dash has also founded many other businesses. This company includes a magazine, a web design firm, and a record label division. He is the co-founder of Roc-A-Fella Records and is the founder of DD172, which is a media collective. DD172ĭamon Dash is an American record executive, entrepreneur and media owner. As a result, Rocawear’s net worth has been decreasing since it was sold by Jay Z in 2005. Rocawear was an important part of hip-hop history, but as the times changed, it didn’t keep up with the competition. The clothing brand’s business model was also affected by the rise of fast-fashion brands. The label was very popular in the early 2000s and made it a point to cater to street-savvy consumers who loved rap music.Īs time went on, the styles of Rocawear began to lose its appeal for consumers who preferred to wear more modern and sleeker clothes. The clothes were marketed towards young people who were fashion-conscious and wanted to look stylish. The brand sold items like t-shirts, hoodies, jeans, and jackets for men and women. Rocawear, which was co-founded by rapper Jay Z and Damon Dash, became a booming business and has become an iconic brand in hip hop culture. Despite this, the rapper remains Dash’s biggest critic and still never misses an opportunity to take a shot at him. The Roc-A-Fella label was purchased by Def Jam in 2004 and Dash’s relationship with Jay-Z soured. He produced a number of popular films including “Paid in Full” with Mekhi Phifer and “The Woodsman” which starred Kevin Bacon. It was owned by Dash, Kareem Burke and Jay-Z until the label was sold to Def Jam Recordings in 2004.Īfter the sale, Dame Dash resigned from the company and went into film production. The Roc-A-Fella label grew to include many other artists. It became a success and made Dash a multi-millionaire. In 1996, Roc-A-Fella Records released Jay-Z’s debut album Reasonable Doubt. It was one of the most successful Hip-Hop labels of the late 90s and 00s. Roc-A-Fella Recordsĭame Dash co-founded Roc-A-Fella Records with Jay-Z and Kareem Burke in 1996. He saved money by sweeping the floors of a barbershop and selling newspapers. He started his career from a humble background as he was born and raised in New York City. He was also the president of their music label, Def Jam Records. Damon Dash is an American entrepreneur and record executive who co-founded Roc-A-Fella along with Jay-Z.
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