Scoot Storch is a musician who was awarded ASCAP’s Songwriter of the Year award in 2006 for his outstanding work in the music industry. He is a keyboardist, songwriter, and music producer.
Storch is the celebrity whose net worth was $100 million, which is now just $100,000 due to his cocaine addiction. He was one of the Richest Musicians and highest-earning celeb in his time.
Take a look at some information about his net worth.
Sold His Miami Mansion
Storch was the owner of a lavish mansion which is named Miami. The house was purchased in $10 million by him, which is located in Palm Island, Florida.
In 2010, he sold the house to Russell Weiner, founder of Rockstar Energy Drink, for $46.75 million. Later, Weiner sold to rapper Birdman for $14.5 million.
'Miami Mansion' is XXL digs that occupied 19,000 sq ft that include a 75-foot great room, 25 foot soaring ceiling, 100 feet of waterfront, and the ubiquitous theater/gym/spa trio, and seven sets of French doors lead to a two-level terrace.
Musician, Scoot Storch is fond of cars and has almost 20 numbers of collection of expensive cars such as Rolls-Royce Phantom convertible, Rolls Royce Phantom Drophead ($265,738), Ferrari F430 ($186,9250), Mercedes SRL McLaren (600,000), Bugatti Veyron (1.7 million), and many more.
Other expenditure and Jewelry
Being a millionaire, he was also an owner of the 117-foot yacht and named Tiffany. He purchased it at the cost of $20 million.
On the other hand, he gifted himself with a yellow diamond pinkie ring of $7 million worth. His ring is decorated with a 34-carat dazzling yellow diamond and high-quality gold.
Eaning as a Music Producer
He earned his hefty amount of net worth as a music producer. His career breakthrough when he released his two commercial music ‘You Got Me” with Roots ft, Erykah Badu and Eve, and “Still D.R.E” along with Dr. Dre.
His solo production was Lean Back from which he became one of the top producers in the business. After that, he worked on hits by 50 Cent, The Game, T.I., Chris Brown, and many others.
Owner of Music Company
A former keyboardist of 'Root' band produces hip hop music through his label, Storch Music Company, and also opened a music production company called ‘Tuff Jew Production LLC', which is published by Reservoir Media Management.
Was Member of 'Root' band
Scott began his music career as a member of the hip hop group the Roots with them he released three albums: Organix, Do You Want More?!!!??!, and IIIadelph Halflife. Later, he left the group and started producing his music.
Wasted Money in Drugs
After getting a successful career, Scott used to be a drug addict. He was deep cocaine-addicted that he wasted $30 million in over just six months. As per his current worth, he spent $250,000 per month.
On June 24, 2015, Scott Storch filed for bankruptcy and claimed to have only left $3,600 in assets which included $3,000 watches, $100 in cash, and $500 worth wardrobe. Expect this luxurious asset, his all other assets are bankruptcy.