Dame Dash Risks Losing Engagement Jewelry To Cover $825K Debt
HipHop DX has reported that music mogul Dame Dash is struggling to pay off an $825,000 debt and is facing the possibility of losing his engagement ring. Dash, who was one half of Roc-A-Fella Records alongside Jay-Z, owes the large sum to his ex-wife Rachell Holt.
As part of the couple’s divorce settlement, Holt was granted the right to claim any remaining assets, including a $275,000 14-carat gold and diamond ring that Dash proposed to her with. According to sources close to the matter, Dash has failed to pay off the debt, and as a result, Holt is attempting to seize the ring to recoup her losses.
Dash, who has also produced music and collaborated with the likes of Cam’ron and DMX, has had his share of financial woes in recent years. His bankruptcy filing in 2012 did little to ease his debt burdens, and the rapper’s subsequent business ventures have reportedly fallen flat.
Holt’s attempt to seize the engagement ring could leave Dash in a precarious position, with fans left wondering if he will be able to avoid losing the cherished piece of jewelry.