Scott Storch was ballin’… now he’s broke!
Super-producer Scott Storch used to be the man. The hitmaker at point was working with the likes of Justin Timberlake, Beyonce and Jay Z. And by 2006, the producer commanded $100K per beat plus royalties and his net worth was estimated between $30 to $70 million.
But what goes up must unfortunately come down. And all has crashed and burned for the one time star producer. Now Scott is broke, owes millions to various debt collectors and is trying to regain the status as a force to be reckon with in the music industry.
How did that happen? Let’s see the crazy stuff he allegedly spent all his checks on….
Scott 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… the most expensive car on the market.
A $3 million 34-carat yellow-diamond pinkie ring crowned his personal jewelry collection, which also included a diamond watch formerly owned by Michael Jackson.
2006 purchase of a 18,000-square-foot white-columned Palm Island mansion, dubbed Villa Ferrari, for $10.5 million.
Scott had to decorate his million dollar crib. He paid Parisian minimalist Kirk Hughey $300,000 for 23 paintings and decked out the home with a $22,000 video surveillance system.
Storch shuffled through women who were equally expensive. He gave heiress Paris Hilton a Maybach and flew her to the French Riviera via private jet — at a cost of $275,000.
Scott’s drug addiction was legendary. The producer spent over $10,000 a week to keep up his hard partying and yayo diet.