Damon Dash Blames Financial Woes On Being Too Generous

Posted by uproxx on

Damon Dash

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).”

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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).