Damon Dash Blames Financial Woes On Being Too Generous
The rap mogul has been making headlines with his money struggles in recent months; he is facing foreclosure on his two properties in the trendy TriBeCa area of New York and reportedly owes $2 million (£1.4 million) in state taxes, among other debts. To make matters worse, his designer wife of four years, Rachel Roy, filed for divorce earlier this month.
“My mistake was watching everyone else’s careers and not watching mine.” Dash insists he spent too long planning Jones’ career breakthrough – and that has cost him dear. He adds, “After being able to settle my wife’s company, I was able to start doing other things. My first approach was the music business and getting with Jim Jones… I spent the last six months doing research, trying to figure out how to use all my resources to blow this out (make his album a hit).”
You got to be selfish to be successful, people won’t have your back like you got theirs. Looks like the wife dipped when the money got low(Put On Jay-Z – When The Money Goes).
Tags: Damon Dash
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March 26th, 2009 at 7:37 pm
ok
March 26th, 2009 at 7:50 pm
im sorry to say, although dash did help create the ROC, he is a fool if he wasted 6 months on jim jones. and even thinks that he will even make jimmy anywhere as hot as hova. Reality is Reality and jim jones’ album is gonna flop. We fly was a one hit, shame the producer got no shine from it.
March 26th, 2009 at 7:57 pm
YOU INVESTED ALL YOUR MONEY INTO JIM JONES CAREER?
YOU DON’T DESERVE TO GO BANKRUPT,YOU DESERVE TO BE SHOT
March 26th, 2009 at 8:05 pm
why do we delight in seeing the misfortune of the fortunate? enough is enough already pray for these niggaz. For a rich man to enter the gates of heaven is like a camel through the eye of a needle.
March 26th, 2009 at 8:37 pm
#3 U AINT EVEN LIEN YO LOL
LOOKZ MR I ONLY WEAR ONE BRAND NEW PAIR OF WHITE TEE N SOCKZ N DEN THROW EM WEN MA DAY IZ OVER IZ GONNA HAVE TO ROCK THE SAME WHITE TEE FOR 3 DAYZ STR8 LOL