Dame Dash Explains Why Hes Broke [Video]

Dame Dash has quite the simple explanation for why he’s been describing himself as “broke” in recent years.

The music mogul’s finances have been an ongoing topic amid multiple lawsuits and child support issues. In January, Dash asked the court to lower his child support payments to $428 a month, alleging that’s all he can afford due to “struggling business ventures.”

He also claimed he only made $5,140 for all of 2022, adding that the COVID pandemic significantly affected his income and he’d yet to bounce back.

Earlier this month, it was reported that his stake in Roc-A-Fella Records will be auctioned off to satisfy an $823,000 debt to movie producer Josh Weber, who successfully sued him for copyright infringement and defamation over the 2016 film Dear Frank.

Speaking on Instagram Live on Tuesday (August 20), Dame explained that his financial situation is a result of dream-chasing, though he insinuated that his money …