There was once a time when Damon Dash could buy anything he wanted and not think about the price tag.
He lived a lavish lifestyle, but it seems those days are now over.
While his former Roc-A-Fella Records partner, Jay-Z, is worth nearly a half billion dollars, Dame is on the verge of being out on the street as he faces eviction from his Carmel, New York home.
Dame was in court on Tuesday, and the former mogul detailed some of his current financial problems. “I am currently several months behind in paying my personal bills,” he wrote in the 5-page filing. “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.”
He asked the judge not to garnish his wages citing other financial commitments, such as alimony and child support. He currently pays $24,000 every three months to his ex-wife, fashion designer Rachel Roy, for child support of their two kids, and to cover money owed on the lofts.
In 2008 Dame lost his leased SUV after he missed his $714.99 monthly payment. In 2010 he lost a pair of multi-million dollar Tribeca lofts to foreclosure in 2010.
Problems galore! Maybe former buddy Jay-Z can help out.
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