Dame Dash "Broke" But "Proud," Roc-A-Fella Co-Founder Says He's Been "Losing Money For Years"

BYHayley Hynes4.1K Views
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Noel Ashman, Rashida Jones,Damon Dash,Samantha Ronson-Thursday Party at NA Night Club
Damon Dash during Noel Ashman, Rashida Jones,Damon Dash,Samantha Ronson-Thursday Party at NA Night Club at NA Nightclub in New York City, New York, United States. (Photo by Duffy-Marie Arnoult/WireImage)
Dame's interview with "The CEO Show" is out now and full of gems, such as calling DJ Vlad a culture vulture.

Figures like Benzino and Dame Dash were at the top of their game decades ago, but as time has passed, so have the ways of the music industry. Now, the landscape looks completely different, and the men responsible for running The Source and Roc-a-Fella have unfortunately fallen on hard financial times. Both have been open about their struggles in the past, with Dash recently speaking his truth on an episode of The CEO Show. During his interview, the 52-year-old confirmed that he's been watching his bank account balance dwindle for years, despite all that he previously accomplished as an executive and entrepreneur.

"I’ve had to start [a] new company from scratch, without any money to start it with," the guest told host Dr. Taje Moreno. "I had to do it [by] rubbing two sticks together. So I can’t pay out three or four hundred thousand a year in child support, ‘cause I ain’t making that. But I’m not ashamed of that because I have things to show for it, but it hasn’t profited yet," he confidently continued. Though he's "broke," Dash is still "proud," he explains past the 11:30 mark in the video below.

Dame Dash Makes His Presence Felt on The CEO Show

In addition to that, the New Yorker clarified that the ownership stake in his ex-wife Rachel Roy's fashion line was taken into consideration when the payments were determined. She presently controls that equity, which Dash believes should supplement Roy for the missing child support. "You can’t be mad at me and make me feel bad if the money that I had to give the kids, you got, and you still expecting me to pay that while I’m investing and losing money for years," the father of three vented.

Elsewhere on The CEO Show, Dame Dash was asked about the nature of his relationship with Jay-Z, which has obviously had its ups and downs. Despite everything they've been through, the former still believes he and Hov "can always talk out" their differences. Read more about that at the link below, and tap back in with HNHH later for more pop culture/news updates.

[Via]

About The Author
Hayley Hynes is the former Weekend Managing Editor of HotNewHipHop, she stepped down after two years in 2024 to pursue other creative opportunities but remains on staff part-time to cover music, gossip, and pop culture news. Currently, she contributes similar content on Blavity and 21Ninety, as well as on her personal blog where she also offers tarot/astrology services. Hayley resides on the western side of Canada, previously spending a year in Vancouver to study Fashion Marketing at Blanche Macdonald Centre and Journalism at Mount Royal University in Calgary before that. She's passionate about helping others heal through storytelling, and shares much more about her life on Instagram @hayleyhynes.
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