Damon Dash Says There's No Money in Rap Music
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*Entertainment mogul Damon Dash, former head and co-founder of Roc-A-Fella Records, says he no longer has time to fool with the pennies he makes in hip hop, and has instead shifted full-time focus into the fashion business and other enterprises to fund his lifestyle.


"The music business isn't so profitable, especially not hip-hop,” he says, according to Contact Music. “I couldn't buy what I wanted to buy. I'm talking cooks and drivers. I got into clothes to make money.

“The people in this business all think they've made it because they're in charge of their little record labels. I'm like, this isn't even my main source of income. I already did this business - and I made movies and I designed clothes and I got my own vodka and my own Swiss watch maker.

“It's all about finding ways to make money off an upscale urban product. That's what I do. Period."