HomeFeatureTRR: Guard Goes Bad, Heckler Pisses Off Obama, & Producer Snorts Away Millions Dameon Daniels Thursday, June 25, 2015 Feature, Lifestyle Famed Producer Goes Broke Scott Storchs’ drug addiction quickly turned his millions into pennies… At one point, Scott Storch was man in these streets. Unfortunately, through a bad drug habit, he’s now bankrupt and desperately trying to piece his life back together. Producer of many hits with stars like Beyonce, Justin Timberlake and others, Scott Storch once reached a net worth of an estimated $70 million. Recently, he filed for bankruptcy with only a couple hundred dollars in his pocket. In his bankruptcy paperwork, Storch claimed he only has $3,600 in assets left to his name – $100 in cash, $500 in clothing, and a $3,000 watch. He says in 2014, he only grossed about $10,000. Also, that his music companies currently are in the red ($0 valued). How his music companies doesn’t make money? Where are his royalty payments going? Well, Storch tells TMZ that he blew through $30 million in 6 months on drugs, cars, houses, and other sh*t he didn’t need. Apparently, he may have a life line thrown to him. It is rumored that he has some hits coming soon with Chris Brown, Tyga, and possibly Rick Ross.
