Dame Dash Explains Why He’s “Broke”, Questions How Much JAY-Z Would Pay For Roc-A-Fella Shares

Dame Dash is opening up about his finances and questioning his former partner JAY-Z’s pockets amid the upcoming sale of his Roc-A-Fella shares.

“Somebody asked me how I got so broke. Investing in my dreams,” Dame explained during a recent Instagram Live. “You know, when you’re investing in your dreams and you dream big, you’re always gonna be broke…or have a lot of s###. But I don’t have no money for nobody else. That’s what you call broke. But that’s what it is.”

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Dame’s 33 percent stake in the label is due to be auctioned off later this month to satisfy the $805,000 judgment to director Josh Webber. He recently accused JAY-Z of attempting to diminish the value of his shares.

“[JAY-Z] has the first right of refusal,” he added, presumably alluding to co-founders Hov and Kareem “Biggs” Burke’s attempt to halt the sale, citing company bylaws. “They had some bum-ass board meeting … and all of a sudden he gets the first right of refusal. I don’t really care. It don’t slow nothing down for me.”

In February, a judge rejected JAY-Z and Biggs’ attempt and admonished them for adopting the clause during a 2021 board meeting in Dame Dash’s absence.

Nonetheless, Jay-Z and Biggs are entitled to purchase the shares at auction. While the bidding will start at $1.2 million, Dame hopes for more than $10 million and wonders how much Hov would be willing to splurge.

“Now I don’t know how deep homie’s pockets is,” Dame said of JAY-Z. “I’m curious if he’s gonna match that. I put an offer on the table, we’ll see if he’ll match it. But it was from other people.”