Luxist

Once upon a time 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. But Storch's penchant for high living got him in trouble and cost him his home on Miami's Palm Island. TMZ reports that the battle is at an end. Storch defaulted on the property and then declared bankruptcy. Later the bankruptcy order was dismissed and SunTrust bank, which held two mortgages worth a combined $7.75 million against the property, bought the property back at auction for $5.5 million. Getty Images 26/08/08