Luxist

Music producer Scott Storch was once said to be worth $70 million, money he earned by producing records for Christina Aguilera, Brooke Hogan and Beyonce among others. These days, Storch's high living has gotten him in trouble. His Ferrari and motorcycle have been repossessed, his yacht is up for sale and his home is up for foreclosure. Storch has a $10 million home on Miami's Palm Island which has two SunTrust mortgages worth a combined $7.75 million. He stopped making payments on the 10-bedroom home earlier this year even after he borrowed $170,000 from friends. Getty Images 26/08/08