Scott Storch, once one of the highest paid and most sought after music producers in hip-hop and pop music, has filed for bankruptcy.
The 41-year-old producer is once again broke after already filing for bankruptcy in 2009. He has worked with some of the biggest artist on the planet including Beyonce, Christina Aguilera, Snopp Dogg, Pink, Dr. Dre, and Chris Brown.
Storch claims a total of $3,600 to his name, which includes $100 in cash, $500 in clothing, and a $3,000 watch, according to TMZ. He owns Tuff Jew Productions and Storch Music, two companies that used to be huge money makers but are now both worth nothing. Storch claims in the papers that he only made a grand total of $10,000 last year.
The producer was once reported to be worth $70 million at the height of his music career in 2006. Since then, he has blown all of that on his extravagant lifestyle, which also reportedly includes a $30 million cocaine problem. Before he was broke, Storch spent money on things like huge mansions, 117-foot yachts, expensive cars and drugs. He lost his 10-room Miami mansion in 2009 to foreclosure.
Storch candidly revealed the extent of his profligate lifestyle in an interview with Billboard in 2014.
"I would always be going from L.A. to Miami to New York, to Russia, St-Tropez," he says. "Costs about $50,000 for a domestic flight, $250,000 for overseas. Yeah, that's an expensive habit."
