Damon “Dame” Sprint has filed for chapter, citing greater than $25 million in debt and a web value of solely $4,350, in keeping with courtroom paperwork.
Sprint, who co-founded Roc-A-Fella data with Shawn “Jay-Z” Carter and Kareem “Biggs” Burke in 1994, has spent years going all in on a number of enterprise ventures, pledging to stay absolutely unbiased and Black-owned, however it might have caught up with him in a serious method.
In keeping with PEOPLE, the previous mogul is in debt to the tune of $19.1 million to the IRS and in addition owes an extra $647,000 in “assist obligations.” Sprint additionally owes hundreds in little one assist to his ex-wife Rachel Roy in addition to former companions Cindy Morales and Linda Williams.
Sprint has been in an ongoing contentious battle with a number of of his former companions, each professionally and personally, over time but it surely looks like he’s prepared to maneuver on with a recent slate after his chapter submitting. The music government and serial entrepreneur posted the information headline of his monetary troubles with the caption, “Now lets get to work #staytuned,” seemingly pointing to this being merely a bump within the street.
Right here’s to hoping it’s solely up from right here as he claims his month-to-month earnings is $0, and mentioned he doesn’t personal a home, automotive, or any electronics, save for his $500 mobile phone, in keeping with PEOPLE. He hasn’t shied away from speaking about his monetary struggles and as made it clear that he feels it’s simply the value of betting on your self.
Someone requested me how I bought so broke. Investing in my desires. Once you’re investing in your desires and also you dream massive, you’re at all times gonna be broke,” he mentioned.
Dame has additionally just lately been battling well being points as he posted a thanks to those that checked on him throughout his restoration from profitable tooth and eye surgical procedures, alongside a photograph of himself along with his youngest son. It’s no secret that the previous mogul has expressed his everlasting disdain for his one-time mates turned enterprise companion turned enemy, Jay-Z, however it is usually alleged that he’s owed an “unknown” quantity from Burke.
Sprint has additionally discovered himself in a confrontation along with his former Dipset artist, Cam’Ron, with whom he as soon as shared an in depth bond, in regards to the fallout of their relationship. And nobody can overlook the best way he pulled up on Empire creator Lee Daniels to demand the cash he allegedly lent to create the present.
All music beef apart, Dame’s greatest foe will be the New York State authorities, which purchased his shares of the now-defunct Roc-A-Fella Data for $1 million in an effort to recoup the $9 million he owes in taxes.
![Brilliant Boss Mattie Gaffney Talks Abloom Healthcare [Exclusive]](https://i1.wp.com/bossip.com/wp-content/uploads/sites/28/2025/09/17570927862645.jpeg?quality=80&strip=all&crop=0px%2C116px%2C1284px%2C733px&resize=1680%2C960&w=768&resize=768,0&ssl=1 "Brilliant Boss Mattie Gaffney Talks Abloom Healthcare [Exclusive]")
