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Scott Storch Files for Bankruptcy…AGAIN, Says He Has $100 To His Name

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Scott Spencer Storch is known for a plethora of hits that even we lost count a long time ago! Now, the veteran producer-hitmaker is reportedly broke and is now filing for bankruptcy…again.

Storch has worked with artists like: Christina Aguilera, Justin Timberlake, Chris Brown, Lil Wayne, Pink and so many more — making him worth $70 million over time.

Originally, he blew $30 mil in a 6 month span on drugs, women, cars, houses and the list goes on. That was the first draw.

Today, TMZ reports that Scott only has $100 in his pockets, $500 in clothing and a $3k watch. And, what makes it even worse, his music companies are valued at $0.

While filing his papers, he also claims in the bankruptcy docs that he made a grand total of $10,000 last year.

This should definitely be a lesson for every rapper, producer, artist to put your money away. Save it. Invest it. Be smart.

Thoughts?

 

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By Gabriel Williams (@Gabriel_Will1)

Named as one of NY's top socialites, Gabriel Williams has definitely made a name for himself in today's entertainment industry. Running one of the most respected blogs on the web, featured in several blogs, magazines and on television networks, have interviewed some today's hottest talent, to consulting/branding/styling/creative direction for some of the best acts and brands in the business; and also offering his specialty in music, whether it's providing background vocals or songwriting - Gabriel knows his place in the rapture of all-things-entertainment, and he plays it very well. Praised to be a "mogul in the making", Gabriel is just that "IT" candidate for "All Things Fly"! He is what "Stuff Fly People Like"!

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