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Literary Openings, Gadgets and News in Nigeria | Duketundesblog: Super producer, who once worth $70million now Bankrupt

Thursday, 25 June 2015

Super producer, who once worth $70million now Bankrupt

This is a story of from grace to grass or how do you explain that Super producer Scott Storch is so broke that he has only $100 in cash as he has reportedly squandered the fortune he made producing for great stars like 50Cent, Beyonce, Dr Dre and the likes. according to report Scott was worth well over $70million before now.

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.

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