Jay-Z Clears $12 Million Debt For DMX At Def Jam || LATEST HIP HOP NEWS AND RUMOURS

Jay-Z Clears $12 Million Debt For DMX At Def Jam

So long back DMX signed a label with Def Jam. And before he left the label, Jay-Z clears $12 Million debt for DMX at that time.

We all know how Jay-Z is known for his business sense. But he is also known for helping out people whenever he can.

So, during a recent interview with the Breakfast Club, Ruff Ryders founders Waah, Dee, and Chivon Dean. Reveals what led to their publicized beef in the first place.

“What had happened was JAY-Z called X and told him ‘The inmates have taken over the prison.’ And you man Jay-Z got in position X felt like he didn’t honour him and told wight like he was supposed to.”
They also added that it was mostly egos that resulted in a tense situation between the two rappers. As DMX didn’t not feel comfortable that Jay was the head of the label he was under.

However, on 2006 Dmx left Def Jam and went to release his sixth studio album ‘Year of the Dog…Again’. But DMX had a huge debt at Def Jam. That is when Jay-Z Clears $12 million debt for DMX. It was revealed later that, when DMX wanted to leave Def Jam. He was under a whopping 12 million dollars debt. But Hov cleared it all so he could transition to the Sony owned label without a problem.

“X was in debt over there. He probably owed about 12 million dollars.” He said in the interview. “I respect him on that because he let him go clean with nothing.”

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