Super producer Scott Storch who went from $70m to $100 yesterday filed for bankruptcy. He has only $100 to his name. The news sent shock waves around the world...why? Because just a few years ago, Scott was one of the highest paid people in the US music industry. He's produced hits for Dr Dre, 50cent, Beyonce, Justin Timberlake & many
more. He had a mansion in Miami, dated Paris Hilton and was worth $70million.
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| Justin Timberlake when he heard Scott Storch was broke! |
TMZ reports
Scott Storch - the famed music producer who produced tracks for Christina Aguilera, Justin Timberlake, Beyonce and a slew of others -- was worth $70 million. Now he's got a hundred dollars cash. 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.
Storch produced some of the biggest records in music history, including Timberlake's "Cry Me a River" and Aguilera's "Fighter."
He claims in bankruptcy docs he made a grand total of $10,000 last year.
As for how Storch lost his money, he reportedly blew through $30 mil in a 6 month span on drugs.
He also spent a fortune on cars, houses and other extravagances.
Music producer who went from $70m to $100 files for Bankruptcy!