Beyonce Producer Files For Bankruptcy

The man behind some of Beyonce’s biggest hits has filed for bankruptcy.

Terrible news for the ‘Now That She’s Gone’ singer’s collaborator below…

Scott Storch is responsible for producing over half of the singles pushed to promote the star’s debut album ‘Dangerously in Love.’

Now, after pocketing millions for his work as one of the industry’s most sought-after producers, the creative has filed for bankruptcy.

Billboard reports:

Storch filed bankruptcy documents in which he claims to own just $3,600 in assets including $100 in cash with the rest tied-up in clothing and a watch.

It’s an incredible tumble from the top for a music man who amassed personal wealth of $70 million and breezed through it on parties, cars, cocaine and all the trappings and extravagances of fortune and fame.

Storch, who wrote and produced nearly a dozen Billboard Hot 100 top 10s between 2001 and 2005, told Billboard last year he was writing and producing songs for rapper Rick Ross, DJ duo Dimitri Vegas & Like Mike and DJ Steven Lee and reshaping his career as an electro-pop singer. Plans were to release a four-song EP of melody-driven EDM, drum’n’bass and trap this year, written, performed and produced almost entirely himself.

In his bankruptcy documents, TMZ reports, Storch made just $10,000 last year and his music companies are valued at zero.