Dame Dash Reveals How He Got So “Broke” Before Roc-A-Fella Auction

BY Caroline Fisher
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2022 InvestFest
ATLANTA, GEORGIA - AUGUST 07: Damon Dash attends the 2022 InvestFest at Georgia World Congress Center on August 07, 2022 in Atlanta, Georgia. (Photo by Paras Griffin/Getty Images)
According to Dame Dash, it wasn't all that difficult.

It's no secret that Dame Dash has dealt with some financial issues in recent years. Currently, he's gearing up to watch his Roc-A-Fella shares be auctioned off by the government. The auction is scheduled for later this month, and the minimum bid is $1.2 million. Profits from the sale will reportedly go to Josh Webber and Muddy Waters Pictures, who won a massive defamation and copyright lawsuit against Dash in 2022.

Ahead of the auction, he chatted with fans on Instagram Live, providing them with an update on his financial status. He answered one of fans' most frequent questions, which is how exactly he's gotten to this point. According to him, it wasn't actually all that difficult.

Dame Dash Claims Investing In His Dreams Made Him Broke

"Somebody asked me how I got so broke," he began. "Investing in my dreams. You know, when you're investing in your dreams and you dream big, you're always gon' be broke. You'll have a lot of sh*t but I don't have no money for nobody else if that's what you call broke. That's what it is. Either way, I'm get with y'all. Stay tuned. I'm curious to see how it all rolls out." Dash's latest update arrives just days after he promised to sweeten the deal for whoever ends up buying his portion of Roc-A-Fella.

In a clip that surfaced earlier this week, he revealed that he'll be gifting "an original Roc-A-Fella chain from around [his] neck" to the buyer. "If I don't give you the chain, it's not a legit Roc-A-Fella chain," he added at the time. What do you think of Dame Dash addressing how he became so "broke" on Instagram Live? What about his claim that investing in his dreams is the culprit? Share your thoughts in the comments section down below and keep an eye on HNHH for more updates.

About The Author
Caroline Fisher is currently a News Editor at HotNewHipHop. Her time at HotNewHipHop began in 2023 when she began writing about music and pop culture full-time. Since then, she has helped cover major stories including the YSL RICO trial, Drake and Kendrick Lamar’s explosive feud, Diddy’s ongoing legal battle, and awards shows such as the BET Awards. Being from Chicago, she also got the opportunity to attend Summer Smash 2024 and review Chief Keef’s historic homecoming show. She additionally covered sets by Flo Milli, Playboi Carti, Bktherula, and more.

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