JAY-Z Reportedly cleared a $12 Million debt for DMX at Def Jam
“X was in debt over there. He 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.”
“X” is now in the clear with Uncle Sam
JAY-Z has been known to silently help with people’s financial binds. Back in 2018 Lil Wayne revealed the Brooklyn legend helped him pay off his $7.72 million tax bill.
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.
“What had happened was Jay-Z called and told him, ‘The inmates have took over the prison.’” Dean said. “And when your man JAY-Z got in position, X felt that he didn’t honor him in a proper way and hold weight like he was supposed to.” They then added that their egos got the best of them once JAY became president of Def Jam in 2004, which led to their beef.
“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.”