Scott Spencer Storch (born December 16, 1973) is an American record producer and songwriter. He began his career as a keyboardist in the Philadelphia-based hip hop band The Roots, joining before their 1993 debut album, Organix. Storch co-wrote and provided the keyboard riff for Dr. Dre’s 1999 hit “Still D.R.E.” and worked on other productions during the late 1990s and early 2000s.
He has been credited on five Billboard Hot 100 number-one singles, including Beyoncé’s “Baby Boy” and 50 Cent’s “Candy Shop.” Storch has been nominated for four Grammy Awards.
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Scott Storch Net Worth
In 2006, Scott Storch reached a peak net worth of $70 million, but his cocaine addiction led to his downfall. He spent millions on luxury items like a $10 million mansion, sports cars, and private jets, squandering $30 million in just six months.
By 2008, he faced financial troubles, including missed child support and property tax payments. In 2015, Storch filed for bankruptcy, listing only $3,600 in assets. His current net worth is $250,000, reflecting his dramatic financial decline despite past success.
Early life
Scott Storch was born on Long Island, New York, and raised in South Florida and Philadelphia, Pennsylvania. His mother, Joyce Yolanda Storch, was a singer signed to Cameo-Parkway Records under the stage name Joyce Carol, of Lithuanian Jewish descent.
His father, Phil Storch, was a court reporter. Storch’s uncle, Jeremy Storch, co-founded the soul-rock band The Vagrants. After attending schools in Sunrise, Davie, and Bensalem, he dropped out in the ninth grade and was expelled from home at age 16. By 18, he was living with his father in Cherry Hill, New Jersey.
Career
Scott Storch began his career in 1991 as a keyboardist for The Roots, contributing to their albums Organix, Do You Want More?!!!??!, and Illadelph Halflife. His early hits included “You Got Me” and “Still D.R.E.”.
In the 2000s, Storch produced successful tracks for 50 Cent, Beyoncé, Chris Brown, Justin Timberlake, and others. Awarded ASCAP’s Songwriter of the Year in 2006, Storch’s career declined due to a cocaine addiction. After filing for bankruptcy in 2015, he worked with artists like DJ Khaled and Bone Thugs-n-Harmony.
Personal life
Scott Storch’s son was born on April 16, 2006, with his part-time girlfriend Dalene “Daedreams” Daniel. Storch struggled with cocaine addiction, which led to a lavish lifestyle and financial ruin.
By 2007, he had squandered $30 million. Legal issues followed, including child-support and property tax troubles, and an arrest for motor vehicle theft in 2009. After entering rehab in April 2009 and filing for bankruptcy in May, Storch was arrested for cocaine possession in 2012. In 2015, he quit cocaine and later opened a rehab center using cannabis to treat addiction.
What is Scott Storch doing now?
Currently, Scott Storch is focused on rebuilding his life and reputation. He launched Storch Labs, entering the marijuana industry as part of the Green Rush. Additionally, he has returned to music production, contributing to hits by artists such as DJ Khaled, Rick Ross, Snoop Dogg, The Game, Chris Brown, and French Montana, among others.
Conclusion
Scott Storch’s financial journey is a cautionary tale of the pitfalls of fame and fortune in the music industry. However, it also highlights his undeniable talent and the enduring quality of his productions. While his net worth may not reflect his influence on music, his beats continue to resonate within the industry.
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FAQs about Scott Storch Net Worth
- How did Scott Storch lose his fortune?
- Scott Storch lost his fortune due to a combination of drug addiction, excessive spending on a lavish lifestyle, and poor financial management.
- Has Scott Storch made a comeback in the music industry?
- After facing personal and financial challenges, Storch has made efforts to re-establish himself in the music industry, focusing on production once again.
- What led to Scott Storch’s bankruptcy?
- Storch filed for bankruptcy following a period where he stopped working and his addiction led him to burn through his wealth, culminating in a lack of assets and income.
- What are some of Scott Storch’s most famous productions?
- Storch is renowned for his work on “Still D.R.E.” by Dr. Dre, “Lean Back” by Terror Squad, and tracks for artists like 50 Cent and Chris Brown.
- Does Scott Storch still own his music companies?
- As of the last available information, Storch’s financial turmoil led him to value his companies at $0, indicating a loss of ownership or a significant devaluation.
