One of the biggest reasons why Damon Dash’s net worth is so low is because he owes about $4.14 million in back taxes to the state of New York.
This is a very large amount of money to owe, but a huge part of what brings down someone’s net value is the fact that they have to pay a large amount of money to get it.
Damon Dash went broke in 2009 after failing to pay $4 million in child support.
His two New York City apartments were seized, and he had to shell out over a million dollars to get out of jail.
In addition, his Chevy Tahoe was repossessed after he couldn’t make his $700 monthly payments.
In addition, he has been sued several times by other people, including Jay-Z and Linda Williams, who each sued him for $50,000 in 2013.
Damon Dash’s net worth is quite low, despite his success.
He became famous after working with Jay-Z and building a successful business.
He eventually sold Rocawear to Iconix for $204 million, and since then has expanded his business empire.
Then in 2014, Dash co-founded DD172, which now has a magazine, art gallery, and record label division.