Rap mogul and former Jay-Z business partner Damon Dash owes the state of New York over $2 million in taxes.

According to the New York Post, the former CEO and co-founder of Roc-A-Fella Records lays claim to an estimated $50 million fortune but has come up short on his tax payments.

Some of the 36-year old's possessions include a $400,000 Maybach sedan with a chauffeur, several diamond-encrusted watches and over 1,000 pairs of sneakers.

As SOHH previously reported, Dash filed a multi-million dollar lawsuit against his accountant in April for submitting several years of erroneous tax returns on his behalf.