Dame Dash Says He’s In Debt And Facing Eviction
Business has been going down hill for Damon Dash since him and his former friend and business partner, Jay-Z, decided to part ways in 2004. Dash is the former CEO of Rocafella Records. His other business ventures included Rocawear clothing, Armadale Vodka and Pro Keds. Now he’s in debt and facing eviction from his mansion in Carmel, NY.
In a 5 page court filing filed on Tueday, Dash wrote, “I am currently several months behind in paying my personal bills. For instance, I am currently over $100,000 behind in rent for the only home in which I live and at risk of being evicted.”
According to NY Daily, failed business deals, huge tax debts and repeated legal battles quickly left his deep pockets almost empty. Court records show Dash lost a slew of lawsuits filed by landlords, fashion designer Charlotte Ronson and a celebrity bodyguard firm.
Dash pays $24,000 every three weeks to his ex wife, Rachel Roy, in alimony plus and additional $4,341.10 a month for his son Christian.
“I’m an independent businessman and this is what comes from business,” Dash said in an email from his attorney, Gregg A. Pinto. “I have the guts to fight my battles on my own and it’s entertainment to everybody else because I’m so cool about it.”
Dash also owes $2 million in taxes to New York state.© 2014 TheAfroLounge.com. All Rights Reserved. Unauthorized use and/or duplication of this material without express and written permission from this blog’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to TheAfroLounge.com, with appropriate and specific direction to the original content.