Scott Storch Sells $20 Mil Yacht On Ebay For $600 K

[Elano]

Mega-producer Scott Storch recently put his yacht on the market via ebay, fueling rumors that his estate is in financial distress.

According to TMZ, Storch allegedly paid $20 million on the boat and is now hocking it on ebay for $600,000. On the ebay posting it says the reason for the rock bottom asking price is because the "owner bought her and got short on money."

Though the producer rakes in millions every year and has made beats for the likes of Lil' Wayne, Fat Joe, 50 Cent, Beyonce and other hit-making artists, this isn't the first time his finances have come into question.

Back in January of '06, Storch's baby's mom, Dalene Daniel, took him to court, claiming he was two months behind on $7,500 a month child support payments. She also said the producer was "habitually late" in paying child support, and has bounced checks.

Around the same time, The New York Post printed a story saying Storch owed $435,602 in back taxes on his house in Miami and that he also never paid for a $7,500 painting he had on display in his home, prompting the Miami gallery owner to reclaim the art.

At that time, Forbes placed Storch's income at $17 million for the year, or $1.4 million a month.

[Mackin]

^^pretty Awful!!
Sad to see him do this, but if it's anything to do with his extravangant sending then,he should ahve seen this coming!!

One thing i don't understand,all those beats he made for various artist, does he receivie royalty checks for them, if the said track is played on the radio??
or is he only paid for the production of the track??

[westsiderider323]

sucks 4 him

[Elano]

^^pretty Awful!!
Sad to see him do this, but if it's anything to do with his extravangant sending then,he should ahve seen this coming!!

One thing i don't understand,all those beats he made for various artist, does he receivie royalty checks for them, if the said track is played on the radio??
or is he only paid for the production of the track??

its all about what's written on the contracts...
i think if he works with a BIG artist maybe he asks less money but he comes to an agreement to have some royalties...

[Mackin]

^^Oh right..yeah it's all in the contract!..Pretty awful though!!

Thanks!

[smegma]

A 20 million dollar boat? Riiiiight...

[The King]

Storch is probably the least creative mainstream producer out their. Every beat sounds nearly the same with the same instrument. He shoulda kept to doing the bass for Dre. Every Storch beat is a 4 second loop of the same damn simple thing. He is a nobody compared to Timbaland.

[KURUPTION-81]

ima put a bid in of a pound.

[J.D. Wykid, Esq.]

wow.

how can people be so careless with money? $20,000,000 is enough to live the rest of your life more than comfortably, if youre smart...shit $1,000,000 is enough, again, if youre smart wit it.

[Sikotic™]

Nigga shouldn't be spending all that cash on goofy ass sunglasses. He looks like Amelia Earhart in that picture with those stupid goggles.

[Money]

A 20 million dollar boat? Riiiiight...

[Chamillitary Click]

why? lol.

[herpes]

dollar a day coke habit

[AnybodyKilla]

A 20 million dollar boat? Riiiiight...

[J.D. Wykid, Esq.]

its not that far fetched, yachts are fucking expensive yo