Lee Daniels States He Will Pay Back Dame Dash’s $2 Million Loan

Lee Daniels States He Will Pay Back Dame Dash’s $2 Million Loan

HOLLYWOOD - JULY 19: (L-R) Producer Damon Dash, Director Lee Daniels and actor Cuba Gooding Jr. arrive at the Los Angeles premiere of Shadowboxer held at Arclight Cinemas on July 19, 2006 in Hollywood, California. (Photo by Kevin Winter/Getty Images for Teton Films)

Photo Credit: Kevin Winter | Getty Images

After a sequence of events, Lee Daniels and Dame Dash have finally come to an agreement. It all started when the hip-hop mogul approached Daniels at a Diana Ross concert, accusing the Precious director of owing $2 million dollars. Just a few days after, the Roc-A-Fella founder stopped by Power 106 to speak with DJ Felli Fel and give us the facts on the situation. Allegedly, Dame Dash is the reason Daniel’s career is as successful as it is today.

During the conversation, Dame stated that Lee Daniels robbed from the culture to make money. A few days after that interview, Lee Daniels has a change of heart. Speaking to TMZ, he states, “This black man gave me money when nobody would give me money. He did it.” Daniels proceeds to admit the beef is squashed and he will be returning the $2 million loan from Damon.

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