Damon 'Dame' Dash
Source: Getty

Damon Dash helped launch Jay-Z's rap career but has little net worth to show for it.

Dame Dash’s Net Worth Is Nowhere Near Former Partner Jay-Z's Wealth

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Feb. 24 2022, Published 10:06 a.m. ET

In the past, Damon "Dame" Dash once raked in millions alongside Jay-Z. Jay-Z’s net worth is approximately $1 billion currently, while his former partner Dash has burned through all the traces of his past wealth. A series of unfortunate decisions and court cases involving unpaid child support made Dash’s net worth drop to around $100,000.

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Damon "Dame" Dash

Music Producer, Film Producer, Entrepreneur

Net worth: $100,000

Damon “Dame” Dash has had a career as a record producer, music executive, film producer, and entrepreneur. He was in a business partnership with rapper Jay-Z at Roc-A-Fella Records, which they co-founded. However, when they sold Roc-A-Fella to Def Jam Recordings in 2004, Jay-Z became its president. Dash has gone to court over missed child support and back taxes in recent years.

Birthdate: May 3, 1971

Spouse: Rachel Roy (2005–2009)

Fiancé: Raquel Horn

Dash, Roy, and Simmons
Source: Getty

Dash with ex-wife Rachel Roy and Russell Simmons.

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Damon Dash co-founded Roc-A-Fella Records with Jay-Z.

In 1995, Dash partnered with Shawn “Jay-Z” Carter and Kareem “Biggs” Burke to launch the music label Roc-A-Fella Records. The company launched Jay-Z’s debut album and he was its first and primary artist for several years. Jay-Z and Roc-A-Fella grew in popularity and by the early 2000s the label was working with more artists.

In 2004, a deal was made to sell Roc-A-Fella to Def Jam Recordings, which had previously held a 50 percent stake. Jay-Z became Def Jam’s new president and even negotiated to own the rights to his master recordings.

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Dash’s net worth once peaked at $50 million.

Dash was successful due to Roc-A-Fella and the clothing line he co-founded with Jay-Z, Rocawear. His net worth reached $50 million at one time. However, Jay-Z bought out Dash’s stake in the clothing line and also became the president of their music label after it changed hands.

Besides his work in the music industry, Dash also produced films like The Woodsman starring Kevin Bacon. Through Roc-A-Fella, he worked on the 2002 film State Property.

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Dash is now worth around $100,000 and has faced legal troubles.

Dash, who has a total of five children with several women including his ex-wife Rachel Roy, went to court numerous times over child support and unpaid bills. While divorcing Roy around 2009, he told a judge he owed $2 million in back taxes and was in foreclosure on two properties. According to CelebrityNetWorth, Dash's net worth is around $100,000.

In 2019, he asked a court to end his child support payments. Over a series of actions, courts ordered him to pay large sums in back child support and he claimed to have no assets or income.

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Dash and Kanye West
Source: Getty

Dash with Kanye West

Damon Dash recently called Ye a “new Michael Jackson.”

In the new Netflix docuseries chronicling Kanye West’s rise to stardom, Dash reminisced about their early working relationship. West, now known as "Ye," released several of his albums with Roc-A-Fella.

Dash recalled in the show, “I was the guy who always ran around with a camera ’cause I knew that these moments were priceless, it was just a matter of when it was time.” He said that West serves as a “new Michael Jackson” in that the world pays attention to what West does.

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