Apparently Scott Storch learned nothing from the sad financial story of MC Hammer.
Storch, once one of the highest paid producer in hip-hop has filed for bankruptcy. According to TMZ, Storch declared assets worth $3,600: a $3,000 watch, $500 in clothing and $100 cash. He reports making roughly $10,000 in 2014, with zero income coming from his music production companies.
At one point in time, Storch amassed a fortune of 70 million dollars. It’s unreal that a person can waste away 70 million dollars in 15 years.
The Miami times described his lavish lifestyle as one of the main causes of his downfall. In a 2010 profile with the publication, Storch shared how he had a garage stacked with 13 vehicles ("including a $600,000 Mercedes SLR McLaren, a $500,000 Mercedes Maybach, and a $1.7 million black Bugatti Veyron"), a $20 million yacht, a $10 million 18,000-square-foot mansion and "a $3 million 34-carat yellow-diamond pinkie ring."
That’s right, 3 milly on a pinkie ring.
It’s sad to see a guy whose sound was the staple in hip-hop culture a decade ago deplete his resources. His run began in 2002, when he crafted “Cry Me a River” for Justin Timberlake and “Fighter” for Christina Aguilera. He was then brought into Dr. Dre’s fold, making hits with 50 Cent (“Candy Shop,” “Just a Lil’ Bit,” G-Unit’s “Poppin’ Them Thangs”), Fat Joe (Terror Squad’s “Lean Back,” the Lil Wayne-featuring “Make it Rain”) and more.
Lets hope that Storch is able to create a couple more hits and get his financial situation back in tow.