Damon Dash Net Worth 2024: Biography & A $50M Failure Story
Damon Dash Net Worth 2024: Dame Dash or Damon Dash, two names for one personality who lost all of his millions in failure and now living as an example to other entrepreneurs with really low income. Some sources say Dame Dash net worth is more than $300K but many sources say his net worth is not more than $100K. As he lost all of his business and is living without any income, we can only estimate his richness.
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| Damon Dash Portrait Photo Sourced by AllBlogThings.com |
Here we will discuss and talk about Damon Dash's net worth, biography, and his $50M failure story as well as his early life, career, businesses, and how he lost it all in just a span of time with full bio and wiki data about him.
Damon Dash's Net Worth and Biography:
His date of birth was 3 May 1971 and he is now 52 years old. Having American nationality he lives in New York and is an entrepreneur by profession:
| Net Worth: | $300,000 |
| Real Name: | Damon Anthony Dash also known as Dame Dash |
| Date of Birth: | 3 May 1971 |
| Age: | 52 Years Old |
| Spouse: | Rachel Roy (m. 2005–2009) |
| Children: | Ava Dash, Tallulah Ruth Dash, Damon Dash II |
| Nationality: | American |
| Place of Birth: | New York, United States |
| Height: | 5 ft 10" (1.78m) |
| Zodiac Sign: | Taurus |
| Professions: | Entrepreneur, Actor, Music Producer, Director, Investor |
| Last Updated: | Aug 2024 |
Damon Dash's Estimated Net Worth from 2000 to 2024
Let's explore how Damon Dash managed to make millions and then lost his millions year by year.
Here's a breakdown of Damon Dash's net worth over the years starting from 2000 to 2024:
| Year | Estimated Net Worth (USD) | Source(s) | Notes |
|---|---|---|---|
| 2000 (start of career) | $10 million | Equity Atlas | The initial success of Roc-A-Fella |
| 2001 | $15 million | Estimate | Roc-A-Fella and Rocawear growth |
| 2002 | $20 million | Estimate | Continued success with Jay-Z |
| 2003 | $25 million | Estimate | Rise of Rocawear, the peak of Roc-A-Fella |
| 2004 | $30 million | Estimate | Rocawear expands globally, Tensions with Jay-Z |
| 2005 | $60 million | Celebrity Net Worth, CAclubindia |
Rocawear at its peak, Roc-A-Fella partnership still strong |
| 2006 (downtrend) | $55 million | Estimate | Start of legal and financial issues |
| 2007 | $50 million | Estimate | Rocawear decline, Partnership tension rises |
| 2008 | $45 million | Estimate | Roc-A-Fella dissolved, Legal troubles increase |
| 2009 | $40 million | Estimate | Personal bankruptcy filed, Rocawear struggles |
| 2010 | $18 million | Market Realist | Rocawear rights sold, Legal settlements impact net worth |
| 2011 | $15 million | Estimate | Continued financial challenges, Limited business ventures |
| 2012 | $12 million | Estimate | Debt restructuring, Brand investments start rebuilding |
| 2013 | $10 million | Estimate | Brand partnerships, Entrepreneurial ventures yield progress |
| 2014 | $8 million | Estimate | Legal settlements persist, Brand ventures show mixed results |
| 2015 | $2 million | CAclubindia | Significant net worth decline, Financial setbacks continue |
| 2016 | $1 million | Estimate | Focus on brand management, Entrepreneurial efforts |
| 2017 | $500,000 | Estimate | Limited financial reports, Continued business ventures |
| 2018 | $750,000 | Estimate from AllBlogThings | Brand partnerships, Film and music production |
| 2019 (some success) | $1 million | Estimate | Mixed success with ventures, Ongoing debt reduction |
| 2020 | $500,000 | Estimate from AllBlogThings | Pandemic impact on ventures, Financial reports scarce |
| 2021 | $750,000 | AllBlogThings research | Increased media presence, Potential business growth |
| 2022 (bankrupt) | $100,000 - $200,000 | Celebrity Net Worth, CAclubindia |
Wide range due to limited data, Potential business fluctuations |
| 2023 | $100,000 - $400,000 | Celebrity Net Worth, Market Realist, CAclubindia, Equity Atlas |
Significant fluctuation but unknown reasons |
| 2024 | $100,000 - $300,000 | Google, Forbes, AllBlogThings |
Significant fluctuation range due to no more updates |
As of 2024, Dame Dash's net worth is $300,000 or lower than this (some sources say his net worth is at most $10,000).
Why is Dame Dash's net worth so low?
Damon Dash's net worth is so slow because of having no work and almost nothing like a side business. He's broke and has no passive income source or a side hustle that can generate some money for him.
Here's more about him:
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| Damon Dash: Photo from PRnewswire |
Early Life of Dame Dash
There's a history of millionaires who have been selling newspapers to get food to eat and clothes to wear. Damon Dash was also on that list as he used to not just sell newspapers but also was a sweeper and worked at some barbershops to clean floors there and he was only 14 or 15 years of age at that time.
Dame worked harder and co-founded Roc-A-Fella record company with Jay-Z in 1996 and became a professional music producer, entrepreneur, and director making thousands of dollars out of every event/work. He worked with most of the famous artists of that time and on many films.
His life was suffering when his mother died of an asthma attack and he was a teenager without any other person to back his education or bring a good life to him. Soon after managing to live easily, he met Aaliyah who was a famous R&B singer in the 1999s. Dame and Aaliyah were in a good relationship when Aaliyah died in 2001 in a plane crash.
After getting out of that trauma, Dame got married to the fashion designer Rachel Roy. Damon had two children with Rachel Roy and this short-lived relationship ended with a divorce in 2009.
How Dame Made Millions?
Here's the list of Dame's events, which made him millions:
- Paid in Full (2002)
- Death of a Dynasty (2003)
- State Property (2002)
- State Property 2 (2005)
- Fresh Dressed (2015)
- Honor Up (2018)
Once he was a mogul of music events and was at the peak of his success. He was enjoying everything just like any other millionaire. Read how he got lost in his success.
Career Of Damon Dash and his failure story:
If you are asking who is Damon Dash? we have a detailed answer for you under the heading of the career of Dame Dash and as a poor to rich and success to failure story of Dame Dash. Dame's career started to boost his net worth when a friend "Clark Kent'' introduced Damon to rapper Jay-Z who was in his earlier success soon after the meetup, 1992 with a good friendship, Kareem, Dame, and Jay-Z co-found a music company "Roc-A-Fella Records" in 1996 this one business venture made him $19 million with just one tour with Jaz-Z as a singer.
Dame was the CEO of this music company and also was a producer for a rap group called "Original Flavor", however, the company which made him millions "Roc-A-Fella Records" was a hip-hop music company and Kareem “Biggs” Burke was also a big name in that success that made Damon and Shawn “Jay-Z” Carter try more ways like Rocawear Clothing (Hip-Hop Fashion Line) and Dash Films (Roc-A-Fella Films) everything was going good till this date.
Success points of Damon Dash, also produced music for other artists like Victoria Beckham (wife of David Beckham a famous British footballer) and released a single "Let Your Head Go" that was a success and top of the charts in the UK at #3 ranking for a while. Then also the album "This Groove" by Victoria was released with Telstar Records in 2003 and it was produced by Damon Dash alone. With this, Dame also got Beckhams as the face of Rocawear Clothing in 2003 and it was a successful campaign.
Trying to do everything on his own, Damon founded "Dame Dash Music Group" in 2004 and also sold Roc-A-Fella Records to its new parent company "Island Def Jam Records". The deal was a straight $10 million and here Dame started to get into the failure of his life and their friendship was at the end at this point.
Dame did not stop there, he also sold his Rocawear Clothing stake to Jay-Z for $22 million to back his own clothing line, and guess what? Rocawear was rocking the industry with more than $700 million in annual sales and this decision to sell all the stakes to a farmer partner, made Damon Dash go down once again.
Without having experience in other businesses, Dame also sold everything (all of his business) and then started investing in other irrelative businesses such as "The Plumm" a New York nightclub, Armadale Vodka (a wine company), Dash Management, PRO-KEDS, and Tiret Watches. He also invested in a social networking website BlockSavvy and everything was not a good-to-go. As he was investing without any experience and without any type of guarantee.
Ending everything in losses, Damon Dash's net worth is around $10K to $100K and there's no growth but a straight down line as he is living without any business.
Dame's Video Interview:
Damon Dash Contact:
Are you asking how to contact Damon Dash? we have answers here, use below links:
These are the official channels for contacting Dame Dash.
We will be updating this article with new information as soon as we receive any through the year 2024. The net worth of Dame or the net worth of Damon collected in this article may be accurate or not. As there's no official statement about it.