Storch has $100 in cash, $500 in clothing and $3000 in watches, according to TMZ. The once famed producer – who produced hits for Fat Joe, Beyonce, Justin Timberlake and more – claims he only made $10,000 last year. His music companies are also worth zero dollars.
How’d the producer blow his millions? According to TMZ, Storch allegedly spent $30 million on drugs, cars and houses within a 6 month span.
Storch has dealt with cocaine addition for a number of years, making multiple trips to rehab and getting arrested for drug possession several times.
Two days ago, Storch posted a video on Instagram of him working on new music. Maybe that’s a sign of hope for the producer?
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