Dame Dash Admits He's Been 'Losing Money For Years': 'I'm Proud Broke'
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.
“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.
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.
“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.
