Damon Dash said he was so caught up in making sure the people around him were succeeding that he took his eye off the
ball regarding his own financial well-being.
The one-time rap mogul has been making headlines with his money struggles in recent months; he is facing foreclosure on his two properties in the trendy TriBeCa area of New York and reportedly owes $2 million in state taxes, among other debts.
His designer wife of four years, Rachel Roy, filed for divorce earlier this month after Dash helped her launch her own women's fashion line. Dash now says part of his financial predicament is related to helping the likes of Roy and rapper pal Jim Jones - and not spending enough time on his own projects.
He tells Billboard.com, "My mistake was watching everyone else's careers and not watching mine."
He adds, "After being able to settle my wife's company, I was able to start doing other things. My first approach was the music business and getting with Jim Jones... I spent the last six months doing research, trying to figure out how to use all my resources to blow this out."
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