Dame Dash Explains How He Went Broke Over The Years
Written by djfrosty on August 22, 2024
Source: Courtesy of Damon Dash / Damon Dash
It’s no secret that Dame Dash has been strapped for cash for a while now, and though he’s not bankrupt broke, the man certainly isn’t balling out of control like he was during Roc-A-Fella’s heyday.
With a court forcing him to sell his 33.3% share of Roc-A-Fella Records to satisfy his outstanding debt, Dame Dash decided to take the time to explain to everyone why he’s been hard on cash. Yesterday, Dame took to Instagram to inform everyone on how it’s gotten to this point, and truth be told, it’s pretty understandable. No, he didn’t blow all his dough on fancy cars, cribs or more jewelry, but he did blow a decent amount on his dreams.
In his IG Live, Dame explained that his pockets began thinning out when he started “investing” in ventures that he wanted to see grow into fruition. Though he didn’t specify what kind of investments he made, it’s obvious at this point that they just didn’t work out or give him a return on his investment.
“Somebody asked me how I got so broke. Um, investing in my dreams. You know, when you’re investing in your dreams and you dream big, you’re always gon’ be broke. You’ll have a lot of sh*t, but I don’t have no money for nobody else if that’s what you call broke. That’s what it is. Either way, I’ma get with y’all. Stay tuned. I’m curious to see how it all rolls out.”
Call us crazy, but we really hope things work out for Dame.
The post comes a day after Dame Dash took to Instagram to offer an OG iced out Roc-A-Fella chain to the first person to put down $10 million on his share of the iconic record label. With a judge ordering Dame to pay film director Josh Webber a cool $800,000, Dame has to part ways with the label he, Jay-Z and Kareem Burke founded in 1994.
While many would jump at the chance to purchase his stake in the label, Jay-Z put everyone on notice that the crown jewel of Roc-A-Fella Records’ catalogue, Reasonable Doubt, would ultimately be reverted to him in just seven years, 2031. With the starting bid of Dame’s share of the label beginning at $1.2 million, will anybody be willing to put much more than that on the label knowing its biggest asset will be gone in a matter of years? Guess we’re going to find out.
Check out Dame’s post below, and let us know your thoughts on his situation in the comments section.