News: Dame Dash Claims Past Money Problems Were Exaggerated, "I Started To Go Through A Lot Of Bad Press"
Saturday, May 1, 2010 9:39AM
Former Roc-A-Fella co-owner Damon "Dame" Dash recently talked about his past financial troubles and blamed the media for building too much hype around him.
According to Dame, the media attempted to highlight his money problems around the mid-2000's.
"I started to go through a lot of bad press all of a sudden," he explains of the period following the sale of his shares in Roc-A-Fella Records and Rocawear Clothing. "Like, the recession hit everybody, but me being a businessman and motherf*ckers getting caught up in the storm, all my issues were completely public. And completely exaggerated. So the recession sh*t happens, I don't give a f*ck." (YRB Magazine)
Last fall, Dame explained his addiction to financial success.
"I have fun everyday," Dash said about his life post-Roc-A-Fella. "The problem is, I think people take themselves a little bit too serious. I'm happy to be a part of history so many different times in so many different ways. I'm from a place where you have your ups and your downs. That's not really what I'm concerned about. It don't matter. I'm Dame Dash broke, I'm Dame Dash not broke -- I'm Dame Dash when I got some money. But we also know that when Dame Dash got some money, he's putting it into his businesses. I am a cake-aholic. My quality of living never really changes, ever! I've never had to sacrifice or compromise. Y'all actually seen a lot of my tragedies," Dash said. "I know what real pain feels like. Y'all seen me cry...All this other stuff, because these people wanna sell papers and say things, I don't care about that. I don't defend myself." (MTV)
He also accused a former tax accountant of stealing money from him.
"The first thing you gotta kick when you're an entrepreneur is your ego," Dame explained in an interview. "You can't look like you're doing good all the time. You gotta struggle and I don't mind grinding, I actually like it. I'm almost addicted to it. Even when the thing with all my taxes happened, I thought, you know I made a bunch of money and I thought my accountant paid my taxes instead he stole some money out my account and didn't say nothing. I look at that as a learning experience, it just won't happen again, you know what I mean? I don't regret nothing, I got too many healthy kids. You know, I got four of 'em so as long as they're around and they're cool, I'm good." (Mixtatape Monster)
Dash previously said his financial issues were in part due to looking after his associates before himself.
"My mistake was watching everyone else's careers and not watching mine," Dame explained. "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. At first I wanted to help him because I've known him since he was young and me listening to the album and thinking it was really good. I thought it deserved to be heard outside of the urban market. So I spent the last six months doing research, trying to figure out how to use all my resources to blow this out...I'm not in the community like I used to be. I just know that good records sell. But I also know I don't depend so much on record sales; I depend on the brand." (Billboard)
Check out a recent Damon Dash interview below: