Dame Dash is going viral this morning, after he revealed in court that he makes only $56,000 a year.
The hip hop mogul is currently in court fighting the child support agreement he originally had with his ex-wife, Rachael Roy. Under the agreement, Dame is required to pay 6K a month in support payments for their two daughters.
Now, Dame's lawyers appear to be making two arguments against the agreement. First, they are arguing that the sum of 6k should be cut to 3k because his oldest daughter is now 19, an argument which may fail since in New York child support payments are required until the child turns 21.
According to court documents, Dame Dash is also making another claim against the agreement- that he makes only $56,000 a year.
Yes, you read that right. ....$56,000 a year!
Dame's lawyers are arguing that given his meager earnings, he should not be responsible for paying such large child support amounts and is asking the court for a downward departure.
Dame's attorneys also claim that his ex-wife Rachel makes more than $500,000 a year.
The disgraced former Rocafella boss is currently behind in his child support payments to Rachel (and understandably so based on his earnings), but claims that despite that, he has been consistently paying $3,666 a month for their 11-year-old daughter Tallulah's private school, which is separate from his child support payments.
This is a stark turn of events for Dame Dash. He used to be one of the wealthiest entrepreneurs in the music industry. He was Jay Z's business partner - and at one time Forbes claimed he had a net worth of more than $100 million.