A Financial Empire in Collapse
According to court filings, Damon Dash has filed for Chapter 7 bankruptcy, revealing liabilities amounting to over $25.3 million, while retaining just $4,350 in personal assets. His monthly income is listed as zero.
What He Owes
Here’s how the debt stacks up:
- $19.1M–$19.8M in unpaid taxes – to both federal and state agencies
- Domestic support: Over $647,000 owed to ex-wife Rachel Roy and mothers of his children
- Legal judgments:
- ~$4M to filmmaker Josh Webber (Dear Frank)
- ~$823K default judgment from another lawsuit
- ~$300K in copyright infringement damages
- Additional unpaid legal judgments totaling several million
- Tax liens: At least $20 million, including $12M from federal liens and $8.7M owed to New York State
- A notable asset loss: His 33.3% stake in Roc-A-Fella Records was auctioned off for $1 million to cover $8.7M in back taxes
Assets vs. Liabilities
| Category | Details |
| Personal Assets | $4,350 – includes $100 cash, a $500 phone, two guns, clothes & jewelry |
| Monthly Income | Listed as $0 in the bankruptcy filing |
| Total Debts | Over $25M in taxes, support, lawsuits, and judgments |
What Sparked the Collapse
Dash’s massive debt stems from a mix of liabilities and legal setbacks:
- Years of unpaid taxes — dancing across federal and state balances
- Multiple legal judgments—including from filmmakers and authors
- Large child and spousal support obligations
- Asset seizure: Losing his Roc-A-Fella share to back taxes
- Allegations of hiding assets, destroying evidence, and refusing court cooperation
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