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Dame Dash Files for Bankruptcy, Says He’s $25 Million in Debt
The former mogul owes back taxes, a settlement against him, and domestic support to his ex-wife.
Dame Dash has filed for bankruptcy and he’s struggling with extensive debt. According to Rolling Stone, the former Roc-A-Fella Records mogul says he has no monthly income, no house, no car, no publicly traded stocks, no retirement account, and only about $4,350 in worldly possessions. He lists his assets as two guns, furs, jewelry worth $2,500, designer wear, TVs, computers, and some electronics. He only has $100 cash in hand.
Dash claims his massive debt includes $19 million in back taxes owed in California, New York, and New Jersey, as well as a $4 million default judgment he was ordered to pay filmmaker Josh Webber for allegedly defaming Webber on a podcast. Dash also owes nearly $650,000 in domestic support obligations, which includes $160,000 owed to his ex-wife, fashion designer Rachel Roy, the mother of his two daughters. According to the filing, he also owes another $207,600 to Cindy Morales, the mother of one of his sons.
Earlier this year, Dash was ordered to pay $4 million in damages that were awarded to Webber. Webber’s defamation suit alleges that Dame, likely during an appearance on the Earn Your Leisure podcast in March 2024, aired out the dispute between him and Webber, saying Webber and his partners stole from him. Webber claimed in this suit that he lost a $4 million producing and directing job on a Billy Bob Thornton project because of Dash’s comments on a podcast.
In late 2024, New York State seized Damon Dash’s one-third stake in Roc-A-Fella Records to help settle his unpaid tax liabilities. The state then auctioned the stake for about $1 million, applying the proceeds toward Dash’s outstanding $8.7 million tax debt there.
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Both Damon Dash and his company, Poppington LLC, are likely to give over ownership of Dash Films Inc., Bluroc LLC, and Blakroc LLC. Dash will also likely have to give up his stake in film ventures like Welcome to Blackroc, Honor Up, We Went to China, and Too Honorable — as well as various companies, such as 1996 Songs LLC and Lebanon Improvements LLC.
Dash filed his voluntary petition on Thursday. “Now let’s get to work #staytuned,” he wrote in the caption announcing the news to his 1.3 million followers on Instagram.