Yesterday The Post did a piece on Damon Dash and his holdings. They didn't paint a very rosey picture, but I was still impressed. Anyway, they said he's struggling to remake his empire a year and a half after splitting with Jay-Z. They broke it down saying, Dame's CEO clothing line has yet to take off, his reality TV show "Ultimate Hustler" aired for one season and bombed in the ratings, his foray into Hollywood with the movies "State Property" and "The Woodsman" did not produced box office hits, though DVD sales fared better. Plus they say Dame pulled the plug on his State Property sportswear line and fledgling record label Damon Dash Music Group. They also said, while the line of designer clothing by his wife Rachel Roy has garnered critical acclaim, and a higher profile after Roy appeared on "Oprah," it has yet to turn a profit, and that Dash's biggest win so far has been Pro-Keds, a sneaker brand he licensed from Stride Rite in 2004 and which, according to industry estimates, has more than doubled sales in the past year to exceed $22 million.Anyway, it started a little debate on my favorite message board and reavealed some things about Jay Z that I didn't know.
The first person was like:
….Dash needed and needs Jay period.
Then this other one said:
…..Jay is an employee. Jay didn't own Roc-A-Wear, doesn't own the 40/40 Club but he is good at endorsing products. It's a whole lot different when you're the entrepreneur as Dame is.
So then this anonymous poster said:
….Listen ***** or Dame Dash intern, U are dealing with smart folks here, ok.
1. Jay Z owns 50% of 40/40 brand ( NY, NJ, LA, Vegas, Singapore, Tokyo)
2. Jay Z owned 50% of Rocawear (25% + Dame Dash's 25% which he bought in 2005)
3. Jay Z owns Spotted Pig restaurant and he also bought the building.
4. Jay Z owns a portion of NJ Nets
5. Jay Z owns 50% of Rocafella records
6. Jay Z owns 50% of the company that manufactures Rocawear todate
7. Jay Z is paid $2 million per yr as Rocawear CEO
8. Jay Z is paid $3.3 million per yr as CEO of Def Jam
9. Jay Z owns part of Steve Stoute Translation company
10. Jay Z owns a part of Carol's Daughter
11. Jay Z owns his publishing ( This brings a ton every yr)
On top of all that he gets money from RBK, Coke, Budweiser, HP, PoloNow that article about Dame Dash explained clearly that Dash has no venture making money period. He gets just a little licensing money from Pro Keds but that is it. How can U be a businessman and fail this much while Jay who U want us to believe is not a businessman succeed in so many ventures??
Then just to be funny they added:
We don't believe U, U need more people.
