Once upon a time, famed music producer Scott Storch had $70 million to his name. Now, he has $100.
In the mid 1990s to 2000s Scott produced hits for some of the biggest artists in the game like Beyonce, Lil Wayne and Justin Timberlake, earning himself a hell of a lot of money. Earlier this week, however, Storch was forced to file for bankruptcy. According to TMZ, Storch has less than $100 cash and about $3600 in assets. Of that money, his 3 carat gold watch makes up three thousand, and the remainder – his clothes.
This is especially shocking when you consider what he used to own. Check out this statement from an article published by the Miami New Times on Storch’s life:
- He stocked his garage with at least 13 vehicles, including a $600,000 Mercedes SLR McLaren, a $500,000 Mercedes Maybach, and a $1.7 million black Bugatti Veyron — the most expensive car on the market.
- A $3 million 34-carat yellow-diamond pinkie ring crowned his personal jewelry collection, which also included a diamond watch formerly owned by Michael Jackson. He paid $20 million for a 125-foot yacht. And the pièce de résistance: his 2006 purchase of a 18,000-square-foot white-columned Palm Island mansion, dubbed Villa Ferrari, for $10.5 million.
- Storch shuffled through women who were equally expensive. He gave heiress Paris Hilton a Maybach and flew her to the French Riviera via private jet — at a cost of $275,000, according to XXL Magazine — and became full-fledged paparazzi prey by reportedly dating Lindsay Lohan, Kim Kardashian, rapper Lil’ Kim, and porn star Heather Hunt.
Where did his money go, you ask? Take a wild guess… He spent $30 million in the past 6 months on drugs.
More than once, manager Jackson showed up at Villa Ferrari to coax Storch into getting clean. The inside of the mansion resembled a crack house, strewn with garbage and paraphernalia. Storch was surrounded by “takers” — fellow addicts, gold diggers, and bumbling handlers. Constantly snorting bumps of coke, he now paired his jewelry with shirts stained from “blood that would just gush out of his nose at any given time.” Storch seemed to Jackson like an animal, capable of viciousness but not reason: “Scott didn’t give a fuck. You can’t be humiliated while you’re high. You’re not conscious of the destruction you’re wreaking on the lives of people around you. You feel nothing, you see nothing, but the drug.
If that’s not a sobering piece of information about drug abuse, then I don’t know what is.