Dame Dash has had his issues with child support over the years. In a brand new interview, he dug deep into why.
Dash sat down with Dr. Taje Moreno in a new episode of the America Nu Network program The CEO Show. In one section, Dame explained the current state of his business dealings, and why that has led to problems paying child support.
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“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 of eight million dollars a year,” he told Moreno, using business jargon for Earnings Before Interest, Taxes, and Amortization. “So you can’t judge how much I’m gonna pay out by how much I made 20 years ago.”
“I’ve had to start [a] new company from scratch, without any money to start it with,” he continued. “I had to do it [by] rubbing two sticks together. So I can’t pay out three or four hundred thousand a year in child support, ‘cause I ain’t making that. But I’m not ashamed of that because I have things to show for it, but it hasn’t profited yet. I’m like a proud broke, but it ain’t broke, because I have things to show for it.” You can watch the entire conversation below, beginning at the 11:40 mark.
Dash went on, claiming that the level of his child support payment was originally based on his ownership stake in his ex-wife Rachel Roy’s fashion line — equity that he says is now controlled by Ray.
“So I have to now start a new company, without any working capital,” he said. “So I had to flip. So while I’m doing that, it’s like, yo, [Rachel] got the money I was making — [she should] pay the bills. But you can’t be mad at me and make me feel bad if the money that I had to give the kids, you got, and you still expecting me to pay that while I’m investing and losing money for years.”
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Dash’s child support issues exploded into public view in 2019 when the mogul was arrested for reportedly owing hundreds of thousands of dollars in support to two different women, including Roy.
