Scott Storch Files For Bankruptcy After Spending Millions In Months
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.
Life comes at you very fast! Hit the flip to peep how Scott lost his millions next….
The producer stocked his garage with at least 13-20 luxury sports cars. Including a $600,000 Mercedes SLR McLaren, a $500,000 Mercedes Maybach, Ferrari Scaglietti, custom-made $160,000 HARD “Bones Bike” motorcycle and a $1.7 million black Bugatti Veyron.
Scott was a fan of bling and even purchased a $3 million 34-carat yellow-diamond pinkie ring.
Scott later paid $20 million for a 125-foot yacht, he called Tiffany.
2006 purchase of a 18,000-square-foot white-columned mansion, dubbed Villa Ferrari, for $10.5 million
Scott had to decorate his million dollar crib so he paid artist Kirk Hughey $300,000 for 23 paintings and decked out the home with a $22,000 video surveillance system.
Storch went through groupies and thots who were equally expensive. He gave heiress Paris Hilton a Maybach and flew her to the French Riviera via private jet for $275,000.
Not to be outdone, he bought a $100,000 Bentley for ex-bae Lil Kim too.
Scott’s drug addiction was EPIC as well. The producer spent over $10,000 a week to keep up his hard partying and yayo diet.