Justin Timberlake & Beyoncé Producer Files For Bankruptcy! Find Out How Scott Storch Went From $70 Million To $100 Cash HERE!
The 41-year-old — who produced some of the biggest radio hits in history like JT's Cry Me A River — was once worth $70 million. But now he's got only $100 cash!
It's been reported that Storch filed for bankruptcy, claiming that he made a total of $10,000 last year. He also alleges he owns a total of $3,600 in assets. That includes the $100 cash, $500 in clothing and a $3,000 watch — but his music companies are valued at $0!
If you're wondering how the producer got so broke, he reportedly spent $30 million on drugs in a six-month span! Also, he was no stranger to frivolous spending on extravagant cars and lavish houses.
While we feel for the producer in his time of need, we hope this dire situation makes him that much stronger. Makes him work a little bit harder. Makes him that much wiser. Essentially, makes him a fighter.
And yes, we're quoting another Scott Storch produced hit, Xtina's Fighter! We just hope he takes his own advice!
[Image via Johnny Louis/WENN.]