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In 1999, he and Jay-Z founded Rocawear, a hip-hop-inspired apparel line aimed towards urban men.

In 1998, he founded Roc-A-Fella Films to produce urban films and hip-hop documentaries like Backstage, which increased his net worth even further.

Damon Dash, not one to throw away his newfound wealth, expanded his Roca-A-Fella empire to include other businesses.

Soon after, he signed a joint-venture arrangement with Def Jam Records, which brought in additional artists including DMX, Red Man, and Method Man.

Reasonable Doubt, Jay-debut Z’s album, was released under the label and sold 500,000 copies.

In 1995, the trio teamed up with Kareem “Biggs” Burke to form Roc-A-Fella Records in reaction to the dismal reception of big record labels.

Damon Dash met Shawn Carter, a talented rapper from Brooklyn who went by the stage name Jay-Z, in the early 1990s.

Following the company’s purchase of Def Jam Recordings and Jay-purchase z’s of Dash’s stakes in his Rocawear company, the two parted ways.

Despite the fact that they were on their way to success with Jay-soon-to-be-released Z’s debut album, ‘Reasonable Doubt,’ their relationship quickly fell apart.Jay Z and Dash were close business partners soon after starting their firm, and Dash even functioned as Jay-manager Z’s for a while.In 1992, Dame met Jay-Z, a young up-and-coming rapper from Brooklyn, and the two became fast friends, eventually founding Roc-A-Fella Records with Kareem Burke in 1996. Read More: Ed Sheeran Net Worth: Everybody Want to Know His Career, Relationship, Bio & Much More! Career He only had one source of income at the moment, from which he made nothing. After a few months, he claimed that he was unable to pay a $2,400 personal debt.

However, he was caught in 2019 and was ordered to pay $1 million in child support.Following that, he asked the judge to reduce his payments since he was having financial difficulties. Following his divorce with Roy, Dame was forced to pay child support for his two children.Due to a lack of cash, his many homes were repossessed. Dame Dash was previously valued at $50 million, but he is now deeply in debt.What Happened to Dame Dash’s $50 Million?