Dame Dash Is Bankrupt

Its ironic (and sad) to hear that Dame Dash is Broke when he was bragging less than a decade ago about never having to wear the same thing twice and training man servants. However as I said before the reason why Dame failed is because he dilluted his brand (Roc-a-Fella) to the point that it had no meaning. Jay-Z then out smarted him and absorbed what brand strength that was left in that name into himself. Another more thorough explanation of the mentality that led him to dilute and wear himself down can be found in this article from the website The Rawness

The Hustle Mentality

Dame Dash is possibly the most pure example of The Hustle Mentality I can think of. The man has had multiple ventures in the Clothing, Lifestyle, Liqour, and Entertainment industry, yet he has never taken the time to focus on one business by itself. as he himself says

"[Dame Dash] tells Billboard.com, "My mistake was watching everyone else's careers and not watching mine."

Dame Dash Interview Part 1


Dame Dash Interview Part 2


Dame Dash Interview Part 3


Dame Dash's Financial Issues Link

That Hustle Mentality was a major aspect of the whole Roc-A-Fella brand and was promoted by all its artist in their music. Roc-A-Fellas biggest artist Jay-Z even had a hit single named "I'm A Hustler"(Give It To Me). But let me say this; even though I mentioned Jay-Z is a Hustler I do not believe Jay-Z can become broke like Dame Dash (Jay-Z has enough money that he could change his stratgey from acquisition to savings before he went broke). Jay-Z does suffer from the same "Hustler" disease that Damn does though. The proof can be seen in this graph of some of Jay-Z many business ventures that have never really added to his own longterm business viablilty.



At least Dame is not alone at having to file for Bankruptcy due to mismanaged funds.

Celebrity Bankruptcy Stories You Can Learn From Link