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New Years Eve - South Beach Candids

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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.


MORE LINKS ON THE URBAN DAILY

Scott Storch Sued For Doing Coke Instead Of Producing An Album

Scott Storch Robbed Outside Of Hotel At Gunpoint

Scott Storch Gears Up For Comeback

This post was originally published on Stuff Fly People Like.

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