REPORT: Scott Storch Files For Bankruptcy, Has $100 in Cash to His Name

Music producer Scott Storch, who was once worth almost $70 million, now has less than $4000 worth of assets in his name, Complex reports.

Storch has $100 in cash, $500 in clothing and $3000 in watches, according to TMZ. The once famed producer – who produced hits for Fat Joe, Beyonce, Justin Timberlake and more – claims he only made $10,000 last year. His music companies are also worth zero dollars.

How’d the producer blow his millions? According to TMZ, Storch allegedly spent $30 million on drugs, cars and houses within a 6 month span.

Storch has dealt with cocaine addition for a number of years, making multiple trips to rehab and getting arrested for drug possession several times.

Two days ago, Storch posted a video on Instagram of him working on new music. Maybe that’s a sign of hope for the producer?

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