Jay-Z’s former business partner Damon Dash is some serious financial trouble.
According to reports, the hip-hop mogul recently filed court documents stating he’s millions of dollars in debt and on the verge of being evicted from his rented mansion in the suburban of Carmel, N.Y.
“I am currently several months behind in paying my personal bills,” he wrote in a 5-page filing. “For instance, I am currently over $100,000 behind in rent for the only home in which I live and at risk of being evicted.”
In efforts to not have his wages garnished, Dash went into detail about his other debts.
-He pays $24,000 every three months to his ex-wife, fashion designer Rachel Roy, for child support of their two kids, and to cover money owed on the lofts.
– New York state forces Dash to send another $4,341.10 per month for support of his son, Christian.
– He paid nearly $20,000 in garnished wages in late 2012 for other debts.
– And he faces a pending $40,000 tax payment for business earnings.
The NY Daily News also reports Dash has $7.3 million left on the mortgages for two multimillion-dollar lofts that went into foreclosure in 2010. And, he’s fighting “a charge of ignoring a 2008 lawsuit from a garment industry lender seeking payback for a $237,078 loan.”
In an email to his attorney, Dash said he’s taking full responsibility for all of his money issues. “I’m an independent businessman and this is what comes from business,” he wrote. “I have the guts to fight my battles on my own and it’s entertainment to everybody else because I’m so cool about it.”
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