Sat Sep 06 05:20:00 UTC 2025: **FOR IMMEDIATE RELEASE**

**Roc-A-Fella Co-Founder Damon Dash Files for Bankruptcy, Cites $25 Million in Debt and $0 Monthly Income**

**NEW YORK, NY –** Damon Dash, the music mogul best known for co-founding Roc-A-Fella Records with Jay-Z and Kareem Burke, has filed for Chapter 7 bankruptcy in Florida, revealing a staggering financial situation. According to court documents obtained by PEOPLE, Dash claims to be over $25 million in debt, with reported assets totaling just over $4,000 and a monthly income of $0.

The 54-year-old entrepreneur listed $25.3 million in liabilities, which include over $647,000 in domestic support obligations and a staggering $19.1 million owed to the government in taxes and other debts. He also owes hundreds of thousands to his ex-wife Rachel Roy, as well as Cindy Morales and Linda Williams, the mothers of his other children.

Dash’s reported assets are minimal, including a $500 cell phone, two guns, clothing, and $100 in cash, totaling $4,350. He also indicated that he is owed an “unknown” amount from Kareem Burke.

Despite the dire financial outlook, Dash remains optimistic, posting a screenshot of a news headline about his filing on Instagram with the caption “Now let’s get to work #staytuned.” He also recently shared a video discussing his health struggles, noting successful eye and teeth surgeries.

This isn’t the first time Dash has publicly addressed his financial woes. In August 2024, he attributed his financial difficulties to investing in his dreams, stating, “When you’re investing in your dreams and you dream big, you’re always gonna be broke.”

The New York state government previously purchased Dash’s one-third share in Roc-A-Fella at auction for $1 million in November 2024 in an effort to recoup the nearly $9 million he owes in back taxes. Dash was previously listed as one of the most tax-delinquent New York residents.

This bankruptcy filing raises serious questions about the future of the once-successful music executive and his ability to overcome such significant debt.

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