( 4UMF NEWS ) Scott Storch Files For Bankruptcy:
Scott Storch is without a doubt one of the most well known individuals on the music scene. Over the last decade and a half, the hitmaker has produced hits for the likes of Justin Timberlake, 50 Cent, Christina Aguilera, Beyoncé, and a slew of other top tier talent. There was no way to turn on the radio in the 2000s and not here one of his hits at any given time, regardless of genre. Being one of the more accomplished producers, Storch amassed a fortune worth up to $70 Million.
In that time, he also became known for a lavish lifestyle, spending massive amounts on extravagant items. This to go along with a very expensive cocaine habit. TMZ reports that Storch blew through $30 Million in 6 months on drugs alone. This is an issue he has struggled with for years, going in and out of rehab. After attempting to regain his footing musically, Storch filed for bankruptcy today and in the documents, states the he only has $100 in cash left to his name. In total, his assets equal out at $3,600, with the producer stating that he also owns $500 worth of clothes and a watch valued at $3,000.
Hopefully Storch can bounce back from his hardships. He was spotted in the studio last year with Pusha T and Fat Joe, for whom he produced the now classic “Lean Back.”
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