Many people love to hear from their favorite singer. Singers record their songs through a record label and bring them to us. A better record label can create a better song. Dame Dash is a person who is behind a great record label. From today’s article, we will learn about Dame Dash net worth and how he earns it by recording songs.
Who is Dame Dash?
Dame Dash is an American entrepreneur. Also, he is a record executive. He co-founded an American record label called Roc-A-Fella. Dame founded it with famous singer Jay-Z and entrepreneur Kareem Burke. He served as singer Jay Z’s manager. Dame is involved with Blind Debit, a fingerprint payment application. He also founded “DD172,” a media collective organization.
Short Bio of Dame Dash
|Full Name||Damon Anthony Dash|
|Birthdate||May 3, 1971 (age 52)|
|Birthplace||New York City, U.S.|
|Height||5’ 10” (1.78 m)|
|Profession||Entrepreneur, record executive, music manager, media proprietor, Actor, record producer|
|Social Media||Instagram, Twitter|
|Net Worth||$100 Thousand|
Dame Dash Net Worth
Dame Dash’s net worth in 2023 is estimated to be $100 thousand. His business ventures and decisions are the main reason for this net worth. He applied unique business strategies to his various business attempts, which allowed him to succeed in business and build that financial state.
Dame Dash was born in New York City. His mother died of an asthma attack when he was 15. In the same year, he was diagnosed with type 1 diabetes. Dame was used to cleaning the floors of a local barbershop and selling newspapers in his teenage years. Thus, he also earned money to buy sneakers and shirts.
Facts Behind Dame Dash net worth
Dame was the manager of American great rapper Jay Z. He used to manage Jay’s important schedule, meetings, events, and other essential works. In 1999, Dame managed a Hard Knock Life Tour, a concert event for Jay. This was a successful live show. Soon, the show became off-ticket.
Dame made a total of $19 million from this tour event. Also, he got a fixed salary from Jay for his service. These earnings allow him to accumulate much wealth from an early beginning.
Dame’s career breakthrough began with the founding of an excellent record label “Roc-A-Fella” in 1994. He is one of the three founders of this music management company. This Label released a bunch of successful albums. Jay-Z’s “Reasonable Doubt” is the debut studio release of Roc-A-Fella.
This album became so popular and sold around 1.5 million copies in the US until 2006. This incredible success attracts many artists to collaborate and sign contracts with this record label.
As a result, many famous singers released their albums through Dame’s record label. Such famous singers are Cam’ron, Freeway, Juelz Santana, Beanie Sigel, and many others. All of their released albums were successful and earned hundreds of millions.
Thus, Roc-A-Fella records generate a massive amount of money as profit from those albums. As Dame is one of the owners of this recording studio, he got his portion from the profit. Undoubtedly, this earning became a significant source of his net worth.
Besides recording songs, the Record label Roc-A-Fella also established ROC Films/Roc-A-Fella Films, a film studio. It released many popular and hit films. Their first released film Streets Is Watching (1998), went so viral. The studio had massive success in the year 2002 when “Paid in Full” was released and became very popular worldwide. It earned a total of $3.1 million at the box office.
With this incredible success, the studio began releasing more films, such as Paper Soldiers (2002), Death of a Dynasty (2003), Fade to Black (2004), and State Property 2 (2005). Unfortunately, those films became unsuccessful and didn’t earn profit for Dame.
Dame is involved with Blind Debit, a payment application that is secured with fingerprints. This application got a high demand because of its robust security system.
In this digital era, everyone is making payments digitally. But the main issue is about the security system. As Blind Debit solved this problem, it gained much demand and became successful in the digital world. As Dame is involved with this application development and investment, he generates a massive profit from it.
Dame Dash co-founded the clothing brand “Rocawear” in 1999. this brand is still a highly demanded brand in the United States. It has an annual sale of $700 million. Dash got a massive profit from this brand every year, which increased his net worth.
Other Business Ventures
Dash founded a media collective named “DD172.” It included several media publications, such as a magazine, a web design firm, a record label division, and an art gallery.
As Dash has massive fame and experience in media publishing, he gained rapid success in his media publications organization “DD172.” This name is taken from Dash’s original street address (172 Duane Street in Tribeca, Lower Manhattan, New York), where the organization was formed.
Family and Relationship
In the summer of 2000, Dame was in New York City. He dated Aaliyah, who is an R&B singer, until her death on August 25, 2001. In The Bahamas, she passed away in a plane accident. Later, Dame stated that they had planned to wed. Later, Dame married Rachel Roy, who is a fashion designer, In 2005. Together, they have two daughters. The couple separated in 2009.
Curren$y, an American rapper, sued Dame for an amount of $1.5 million because of releasing his music without permission. His attorney availed to prove that Dame released the music on fairgrounds.
In April 2015, Dame’s ex-wife accused him of domestic abuse. Days later, he sued his ex-wife for an amount of 2.5 million for mishandling their joint fashion business.
Dame was arrested in 2019. Because he failed to pay more than $400,000 in child support, he spent more than $1 million to be released.
Is Damon Dash a Millionaire?
No, He is not a millionaire. His net worth is $100,000
What business does Damon Dash own?
He owned a media collective business called DD172.
How much is Damon Son Boogie worth?
His son, Boogie Dash, owned $1.5 million in 2023.
How does Dame Dash make money?
Dame Dash makes money from his partnership in the studio and clothing business and also from his own media collective organization.
Dame Dash net worth is a representation of his career success and failure. Starting from a street worker, he worked hard and gained success in media, but because of some silly decisions and personal issues, he lost most of his wealth.