Damon Dash Requests Lower Child Support Payments

Former Roc-A-Fella label co-founder, Damon Dash has made a plea to a court judge to lower the child support payments he has to pay to his former wife, Rachel Roy. He has stated that the income he currently earns doesn’t allow him to pay the amount that he is required to pay.According to TMZ Hip Hop, the Harlem-bred entrepreneur has asked the judge to lower his monthly payment to $428 a month because of the lack of cash flow he has. He is currently slated to pay Roy $3,000 a month for the daughter the two of them share. The explanation for the lowered annual salary he brings home is due to his business ventures not making any money currently.

He states in his court filing that he only made $5,140 in income for the 2022 year. He said due to the pandemic, his income has reduced immensely since 2020 and hasn’t picked up since then. Yet, Roy is disputing his claim. She alleges that he is not fully disclosing income from his businesses and since he still owns a major stake in Roc-A-Fella Records, that should supply a significant stream of income.The judge has not ruled on his motion yet.

While appearing on The CEO Show with Dr. Taje Moreno last October, he expressed that the recent earnings pale in comparison to when he was profiting $8 million a year.

“While I’m investing in something else, I might not be making the money and the profit, so I can’t afford to pay out what I was when I was having EBITA [earnings before interest, taxes, and amortization] of $8 million a year,” said on the Oct. 19 episode. “So you can’t judge how much I’m gonna pay out by how much I made 20 years ago.”

Although the cash flow isn’t what it was during the height of the Roc-A-Fella Records era, he stated that he wasn’t ashamed of his current financial status and described himself as a “proud broke” but that his situation is just temporary.

Damon Dash Requests Lower Child Support Payments To Former Wife Rachel Roy

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