Producer Scott Storch, who got his start with The Roots and made a name for himself working closely with Dr. Dre before going on to produce for the likes of Beyoncé, Chris Brown, and Justin Timberlake, among others, is in deep financial trouble and has reportedly filed for bankruptcy.
According to TMZ, Storch, 41, has managed to squander nearly $70 million on a excessive lifestyle that included cars, drugs, jewelry and more. Court records reveal Storch currently only has about $3,600 worth of assets ($3,000 worth of jewelry, $500 in clothing, and $100 in cash) to his name.
Between 2001 and 2005 Storch wrote and produced nearly a dozen top 10 hits on Billboard’s Hot 100 chart, including Beyonce’s “Baby Boy, 50 Cent’s “Candy Shop”, and Chris Brown’s “Run It”. Last year he told Billboard he was working on new music for Rick Ross and other artists and planned to release a four-song EP of “melody-driven EDM” as he was looking to re-emerge on the scene as a electro-pop performer.
Storch has seen his share of problems the last few years.
In 2009, he filed for Chapter 13 bankruptcy, got his house foreclosed on, and was arrested for grand theft auto for neglecting to return a 2004 Bentley GT that he was reportedly leasing for then-girlfriend, Lil Kim. 2012 saw the producer arrested for cocaine possession in Las Vegas.
One has to wonder exactly how Storch managed to blow through $70 million. In his interview with Billboard last year he gave some insight as to his spending habits.
“I would always be going from L.A. to Miami to New York, to Russia, St-Tropez,” he said. “Costs about $50,000 for a domestic flight, $250,000 for overseas (in a private plane). Yeah, that’s an expensive habit.”
Bankruptcy documents show that Storch’s two music companies — Storch Music Company and Tuff Jew Productions — only netted him about $10,000 in earnings last year and currently have zero value.