Lawsuit between the self-made rich: Damon Dash and Lee Daniels

I don’t know why the Daily News’s hard copy headlines are so much punnier and funnier than their online heads.

The hard copy caption, which I read over lunch (grilled cheese sandwich), is DASH FOR CASH: Mogul sues Daniels for $25M.

Pish tush, a mere $25 mil. How can that compare to the filthy rich guy lawsuit I just reported?

Still, the story is:

Hip-hop mogul Damon Dash has hit Hollywood director Lee Daniels with a $25 million lawsuit charging the filmmaker stiffed him on investments he made in his flicks.

Dash, who has blown through a $50 million fortune and is reported to be deeply in debt, claims Daniels owes him money on a half-dozen films, including “Lee Daniels’ The Butler,” “Precious” and “The Paperboy.”

He also charged that Daniels cheated him out of executive producer credits on the movies.

“He never received money that Mr. Daniels promised him,” said Natraj Bhushan, Dash’s lawyer.

So okay, that’s far more straightforward than the filthy rich guy lawsuit, isn’t it?

But how did Mr. Dash manage to deplete a $50 million fortune? I can’t imagine what you’d have to do to run through that kind of money … but I’m just letting my little fingers muse as they finish off this post.

Wait, though. My little fingers do know how Mr. Dash could run through so much money: investing in movies. Trust me, Mr. Dash. I used to work in big-time movies. The only people who should invest are people who get some sort of tax break by losing the entire investment.

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