Excuse me, sir.
Perhaps you should check your sources more thoroughly.
- Remember when he used to go around saying Rocawear was a $700 million company? How come they didn’t get $700 million for it? Obviously, that $700 million probably represented gross revenue, probably based on some overly generous back-of-napkin calculation, but still - when you sell a company the amount of money you receive should be the amount of free cash flow times a multiplier (X), and (X) varies on what industry it’s in.
Rocawear, sold for $200 million. If Dame only received $22 million of that, that must mean he only owned some small fraction of the company.
BTW - Dame ran around LYING to everyone talking about Rocawear being a "black owned" company. What he didn't tell you is that two Russian-Jews owned a large part of Roc, Alex Bize and Norton Cher.
- Roc-A-Fella Records is largely a defunct label.
- Dash Motors Motor Oil is a failed brand.
- Dash has lost two New York City lofts to foreclosure,
Missed multiple $78,000 monthly mortgage payments and $2,222 common charge payments.
- His vehicles have been seized (even a Chevy Tahoe?! How do you have a note on a Chevy Tahoe if you're a millionaire? How can you not keep up payments on a Tahoe if you're "good." as he claims.
- He owed $2 million dollars in New York State taxes, an undisclosed amount in Federal taxes and faced
criminal charges for non-payment of New Jersey state taxes.
- He was evicted from Carmel, NY Mansion for being over $100,000 behind in rent.
- He pays
$8,000 a month to ex-wife, Rachel Roy, for child support of their two kids.
– New York state forces Dash to $4,000 per month for Christian.
– He paid nearly Hundreds of Thousands in settlements for unpaid debts and back owed wages. .
– Curren$y's album, his last best hope of an artist attachment, was not released and no one was paid.
I can go on. This is just what I remember from publicly available sources in the various court and bankruptcy filings.
So answer me this, does any of what I wrote read like the dossier of a man who's not in financial distress and doing just fine?
Does any of that read like the CV of a man whom you're want to take business advice from, at least not in the contrarian capacity?