*How do you blow million and millions of dollars? Up your nose, of course! Don’t believe us? Just ask former music producer Scott Storch, who claims he went from baller status to now only having a hundred bucks to his name.
According to TMZ, the famed music producer, who was responsible for hit tracks for Christina Aguilera, Justin Timberlake, Beyonce and a slew of others, was worth $70 million. Now he’s only got a hundred dollars cash.
He even dated and produced tracks for Lil Kim.
Storch filed for bankruptcy claiming he has a grand total of $3,600 of assets to his name, $100 in cash, $500 in clothing and a $3k watch. Most shocking, his music companies are valued at $0. He claims in bankruptcy docs that he made a grand total of $10,000 last year.
As for how Storch lost his money, he reportedly blew through $30 mil in 6 months on drugs. He also spent a fortune on cars, houses and other extravagances.
A (long) article on his life published by the Miami New Times in 2010 detailed the type of spending you would expect from someone worth $70 million.
“He stocked his garage with at least 13 vehicles, including a $600,000 Mercedes SLR McLaren, a $500,000 Mercedes Maybach, and a $1.7 million black Bugatti Veyron — the most expensive car on the market.”
The ultimate root cause of his downfall, drugs:
“More than once, manager Jackson showed up at Villa Ferrari to coax Storch into getting clean. The inside of the mansion resembled a crack house, strewn with garbage and paraphernalia. Storch was surrounded by “takers” — fellow addicts, gold diggers, and bumbling handlers.
Constantly snorting bumps of coke, he now paired his jewelry with shirts stained from “blood that would just gush out of his nose at any given time.” Storch seemed to Jackson like an animal, capable of viciousness but not reason: “Scott didn’t give a fuck. You can’t be humiliated while you’re high. You’re not conscious of the destruction you’re wreaking on the lives of people around you. You feel nothing, you see nothing, but the drug.”
Peep his appearance on MTV Cribs below.
We Publish News 24/7. Don’t Miss A Story. Click HERE to SUBSCRIBE to Our Newsletter Now!
