When stories like this make the news, one wonders what may have led to their downward spiral. In Scott Storch’s case, drugs were allegedly responsible.
According to TMZ, Scott who produced for the likes of Dr Dre, 50cent, Beyoncé, Justin Timberlake, Christina Aguilera, Fat Joe & many more was once worth $70million. He 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 million in a 6 month span on drugs. He also spent a fortune on cars, houses and other extravagances.
Hope our Nigerian entertainers learn from this story.
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