JAY-Z CLEARED $12 MILLION DEF JAM DEBT FOR RUFF RYDERS

JAY-Z CLEARED $12 MILLION DEF JAM DEBT FOR RUFF RYDERS

JAY-Z has been known to silently help with people’s financial binds. Lil Wayne revealed the Brooklyn legend helped him pay off his $7.72 million tax bill. “There’s people like JAY-Z. He helped me when I was really, really, really down. Really, really, really down,” Weezy said during a Chicago show. “Jay don’t want me to tell nobody. That man helped me with my taxes. He’s a real friend, y’all.”

The Ruff Ryders has a star lineup, but DMX was the heartbeat of the collective crew. There was a point in time when JAY-Z and X were not seeing eye to eye, and it hit a high note when Hov became President of Def Jam in 2004.

“What had happened was Jay-Z called X and told him ‘The inmates have took over the prison.’ And when your man Jay-Z got in position X felt like he didn’t honor him and hold weight like he was supposed to,” Ruff Ryders’ founder, Darrin “Dee” Dean said. The rapper eventually left the label and released his sixth studio album, Year of the Dog…Again, on Columbia Records in 2006. But things weren’t all bad between the New York emcees.

“X was in debt over there. He probably owed about $12 million,” Dean revealed. He met with Jigga when DMX left Def Jam for Sony and Hov “released him and wiped off the debt clean.”

The good part about Def Jam — and I gotta give it to Hov — X was in debt over there. He probably owed about $12 million,” Dean revealed. When DMX left Def Jam for Sony, he said that Hov “released him and wiped off the debt clean and let him go. He didn’t have to pay nothing back.”

During a recent interview with “The Breakfast Club,” Ruff Ryders founders Waah, Dee and Chivon Dean shared the story about how JAY let DMX leave Def Jam without having to pay a penny back to the company. Catch the episode below.

 

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