Dame Dash explains why he’s ‘broke,’ questions how much JAY-Z was willing to spend on Roc-A-Fella stock

Dame Dash is opening up about his finances and questioning the pockets of his former partner JAY-Z as he prepares to sell his Roc-A-Fella stock.

“People asked me how I went broke. Investing in my dream,” Dame explained during a recent Instagram Live. “You know, when you invest in your dreams and you dream big, you’re always going to go bankrupt… or have a lot of s###. But I don’t have money to give to other people. That’s what you’re saying Bankruptcy. But that’s what it is.

Dame’s 33% stake in the brand will be auctioned later this month to satisfy director Josh Webber’s $805,000 judgment. He recently accused JAY-Z of trying to lower the value of his stock.

“[JAY-Z] “Have the right of first refusal,” he added, presumably referring to co-founders Hov and Kareem “Biggs” Burke’s attempt to invoke the company’s articles of incorporation to block the sale. “They had some stupid board meeting…and all of a sudden he got first refusal. I really don’t care. It doesn’t slow anything down for me.

In February, a judge rejected an attempt by JAY-Z and Biggs to pass the clause at a 2021 board meeting in which Mrs. Dash was absent.

Nonetheless, Jay-Z and Biggs still have the right to purchase the shares at the auction. While the starting price is $1.2 million, Dame is hoping for more than $10 million and wants to know how much Hov is willing to spend.

“Now I don’t know how deep my pockets are,” Dame said of JAY-Z. “I was curious if he could do it. I made an offer and we’d see if he would match it. But that was given by someone else.