The music industry is tough because as fast as you start to pop and begin to bring in some serious income is as fast as it goes and you end up broke. Popular music producer Scott Storch has filed bankruptcy, claiming he only has a shocking $100 in cash, $500 in clothing and a $3,000 watch to his name as his total assets. The craziest thing is that with all of the hits he’s produced, his music companies have been valued at $0.00. According to the paperwork, Storch only made $10,000 for last year. As for how he blew his fortune, he got bad with drugs and apparently spent $30 million dollars in a six-month time span on coke and other illicit substances, along with fancy cars, luxurious mansions and so on. Such a shame, smh!
NFL: Report, Aaron Hernandez Low On Funds, Fiancee Forced To Vacate Home
Former NFL player and convicted killer Aaron Hernandez is running out of money after hiring a platoon of lawyers for all his criminal cases, his attorney said.
NBA: Report, Allen Iverson Is Far From Broke! Has $32 Million Stashed Away All Because Of A Smart Friend
It has been reported time and time again that Allen Iverson has blown through the millions and millions of dollars he made in his NBA career. There have been some documented money issues so I guess it is understandable for people to think that, but as usual, we never knew the full story. The answer is far from broke and he has one smart friend to thank for making sure he will be set for life.
(Photos) Front Street: Benzino Blasts Stevie J & Joseline For Being Broke & Says He Paid Their WHAT?
There’s a lot of bad blood going on between the LHHATL crew. Of course a lot of the drama stems from the fall out between couple’s Stevie J and Joseline and their current nemesis couple Benzino and fiancee Althea Heart. After the brawl during the reunion filming where Joseline went HAM and came for Althea and Zino, Zino is no longer keeping quiet. Former friend of ‘Sleaze O’ is calling out the reality star couple as being broke! Boop. Don’t ever bite the hand that feeds you….or keep your lights on for that matter. See Benzino go at the duo on Twitter inside.
(Video) New Documentary Explores How Rich Black Celebs Loose It All
Maguldom films will be releasing a new documentary that explores the reasons why some black celebrities go from rags to riches then back to rags. The documentary is entitled “When The Checks Stop Coming In”, it is a candid investigation into the lives of several black celebrities who went from having fame and fortune to being just plain broke. Hit the jump to find out whose story is in the documentary and to view the trailer!
(Videos) A Ride At Six Flags Breaks Down & Passengers Had To Walk Down The Tracks!
Nitro roller coaster at Six Flags Great Adventure park broke down in New Jersey. Passengers had to walk down the tracks 230 feet up in the air. Check out the videos of the incident after the jump!
