Damon Dash Hit With $2.8 Million Tax Lien

Former mogul's tax troubles continue to mount.

Damon Dash is submerged in a financial hole so deep, there's no telling what will happen next. At the height of Roc-A-Fella Records' success, Dash boasted a net worth of upwards of $50 million and is now worth less than $2 million, a deficit widened by the $2.8 million federal tax lien recently added to his debt Rolodex.
The government is going after Dash for unpaid taxes from 2005 ($2,614,918.10) and 2011 ($187,544.20). Reports TMZ, that can be added to the millions in back taxes the 42-year-old already owes to the states of New York and New Jersey.
Financial mismanagement has led to a barrage of issues for Dash, like the 2010 foreclosure of two multi-million Tribeca lofts. With $7.3 million left on his mortgages and facing eviction from his Carmel, N.Y., residence, the one-time entertainment mogul pleaded for mercy in front of a Manhattan Supreme Court two months ago. "I am currently several months behind in paying my personal bills," Dash wrote in court papers filed in May.
"For instance, I am currently over $100,000 behind in the rent of the only home in which I live and at risk of being evicted," he added.
The father of three requested that a judge not garnish his wages, listing a semi-monthly $24,000 child support payment as some of his mounting expenses.  
Dash co-founded Roc-A-Fella Records with Jay-Z and Kareem "Biggs" Burke back in 1994. The imprint grabbed millions in revenue, and fell apart in 2009. Hov worth nearly half a billion today bought back the rights to his own music, and launched Roc Nation. 

Dash attempted a Roc-A-Fella reboot in 2010 with Curren$y as its star player. When the deal fell through, the New Orleans rapper sued Dash for $1.5 million. is your #1 source for Black celebrity news, photos, exclusive videos and all the latest in the world of hip hop and R&B music.

Click here to subscribe to our newsletter.

(Photo: Theo Wargo/Getty Images)

Latest News

Subscribe for BET Updates

Provide your email address to receive our newsletter.

By clicking Subscribe, you confirm that you have read and agree to our Terms of Use and acknowledge our Privacy Policy. You also agree to receive marketing communications, updates, special offers (including partner offers) and other information from BET and the Paramount family of companies. You understand that you can unsubscribe at any time.