Scott Storch: Famed Music Producer Is Broke, Storch Says He’s Got $100 In His Pocket


Scott Storch is broke. According to Mail Online, the music producer (famous for producing some serious hits for Justin Timberlake and Christina Aguilera to name a couple) says that he just has just $3,600 to his name — a watch and some clothes. Despite earning serious money throughout his career (upwards of $70 million), Storch recently filed for bankruptcy.

“Storch had a dozen top 10 hits between 2001 and 2005… He was also aiming to reinvent himself and launch a new career in electronic dance music (EDM), he said. He planned to release a four-song EP this year that he would write, perform and produce himself, but he made a grand total of just $10,000 last year, according to the court files.”

Scott Storch was used to traveling the world, and living a luxurious lifestyle, but apparently his good fortune came crashing down on him. He hasn’t produced many hits in recent years, and his bank account ran dry after he spent his dough on flying first class, buying expensive items, and partying.

“I would always be going from L.A. to Miami to New York, to Russia, St Tropez. Costs about $50,000 for a domestic flight, $250,000 for overseas. Yeah, that’s an expensive habit,” Storch said in an interview last year.

According to TMZ, Storch lost a good chunk of his money during a 6-month drug binge. The report indicates that Storch blew upwards of $30 million a few years ago.

Scott Storch, 41, is in about $4.4 million of debt according to the New York Daily News. His problems stem back several years, as he first filed for Chapter 13 bankruptcy in 2009. That same year, he lost his $10 million house (it went into foreclosure because he failed to make mortgage payments). As previously reported by the Inquisitr, the house was purchased by a Rockstar energy drinks investor for $6.75 million. He flipped the house, and made a serious profit. Birdman scooped up the waterfront property in 2012. He bought the 19,000 square foot pad for $14.5 million.

Also in 2009, Scott Storch entered rehab. His drug problems, however, were far from over.

“The platinum producer who dated Lil Kim and Paris Hilton also was prosecuted for grand theft auto for failing to return a 2004 Bentley GT he’d leased. Storch was arrested in Las Vegas for cocaine possession in 2012.”

It is unknown what will become of Scott Storch now, or if he will be able to resurrect his career, but it sounds like he got himself in quite the tight spot.

[Photo by Aaron Davidson / Getty Images]

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