Damon Dash was once consider a prototype for men who’ve made it big in hip-hop. Now, he might be a cautionary tale about balling out of control and later on feeling the consequences. Big money Dash says, in court documents revealed by the New York Post, that he is so broke that he’s about to be evicted from his mansion.
“I am currently several months behind in paying my personal bills,” he wrote. “For instance, I am currently over $100,000 behind in rent for the only home in which I live and at risk of being evicted.”
Dash had two homes that he lost to foreclosure. He once ran a media empire that he said was worth $50 million, now he says he’s hit the hard knock life. One of the things cutting into his money are massive payments that he has to make his ex-wife, Rachel Roy. He currently owes Roy $24,000 in alimony, since she apparently can’t make her own income.
Much of Dash’s financial misery is also rooted in a series of lawsuits he’s lost since breaking up with Jay-Z back in 2004. He also had his SUV seized in 2008 after missing payments. To make matters worse, he may be criminally-prosecuted for not paying $2 million in taxes that he owes the states of New York and New Jersey. That doesn’t even include money he owes the federal government.
In addition to the $8,000 per month he pays his ex-wife for alimony, he also pays another $4341 per month in child support.
“I’m an independent businessman and this is what comes from business,” Dash said in an email from his attorney, Gregg A. Pinto. “I have the guts to fight my battles on my own and it’s entertainment to everybody else because I’m so cool about it.”