Scott Storch Says He Lost $30 Million (Video)

 

Scott Storch is attempting to make his comeback from his publicized legal woes related to back child support, tax evasion, and money problems, and as a part of his return, he sat down with MTV to talk about his problems.

Scott Storch isn’t dead. He’s not in jail. The famed producer isn’t even on the run from the police, as you may have heard through the grapevine over the past year. Storch has been focusing on rebuilding his life, because he did, in fact, hit rock bottom.

 

Lost in a three-year cocaine-abusing haze, he lost more money than most people reading this story will see in five lifetimes: $30 million. Yes, he blew almost his entire fortune on coke, cars, houses, lavish trips, partying and a series of what he calls “poor judgment decisions.”

A short video interview is above where Storch talks all peachy about who he's in "recovery" and getting back to making beats, but he doesn't address the obvious WTF moment: $30 million lost. $30 million! How does Scott Storch one, get $30 million, and two, blow $30 million? I guess adjusting for inflation, MC Hammer's $15 million bankruptcy is pretty close, but still, $30 million for producing Brooke Hogan? The guy produced Brooke Hogan, the Brooke Hogan, and he still managed to make $30 million.

 

Drugs and overspending certainly play into Storch's problems, but even he's got to be thinking it's absurd he made that much cheddar for making a few beats. Storch is currently living in a three-quarter house, which I guess is like a half-way house, where he is supervised by a live-in counselor, but allowed to be at the studio as long as he comes home by curfew. [NahRight]

Posted in: SCOTT STORCH
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3 Responses

April 27, 2009 at 9:30 p.m.

Now granted Scott turned into quite the tool and it is absurd to think how much money he acquired. But don't forget that buried inside there is a large degree of talent. He did all the keys on the roots album Do You Want More!?!?!, wrote one of their best songs, You Got Me, and contributed crucial elements to Dre songs all over 2001 like Still Dre and Timbaland joints like Cry me A River. Once he started producing lean back styled stuff for everyone, dating little kim and paris hilton. and making a record label called tuff jew he turned into quite the embarrassment but the talent and the song craft is there. Why do douche bags always get it?

April 28, 2009 at 12:24 a.m.

Storch has been solid for the most part. Even though he's not one of my favorite producers, I'm pulling for him. I remember ?uestlove said one time that even when he was in The Roots, he would spend wildly, even though he didn't have it. Unchecked ego+cocaine=a lot of lost funds

October 6, 2009 at 7:37 p.m.

Take it, dont take it.

Since Danja is out of the Timbaland team, why dont Scott and Timbo work as a team, provided BOTH parties are legally protected for the work that they do? Just a suggestion.

www.myspace.com/simfonikaisland

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