Scott Storch, who was once one of the most in-demand music producers in the industry, has filed for bankruptcy.
He cited in documents that he has $3,600 in assets to his name, with his businesses valuing $0. He has $500 worth of clothing, a $3,000 watch and $100 in cash to his name.
TMZ reports he also stated that he made $10,000 last year, which is a stark contrast to the $70 million he used to be worth.
Storch has worked with Beyonce, Justin Timberlake, Christina Aguilera, Chris Brown and the list goes on. He’s famous for blowing $30 million on his cocaine habit in a six-month span. He also had 15 to 20 luxury cars at one point, while regularly taking trips on private jets.
His manager, Derek Johnson, told MTV News back in 2009, “[It was] unlike anything I’ve ever seen in my entire life. Historical! It was historical without question.”
That same year he filed for Chapter 13 bankruptcy and was arrested for grand theft auto after not returning a 2004 Bentley GT. He was arrested again in 2012 for cocaine possession in Vegas.
image via INFevents.com