Scott Storch

Scott Storch has issued a warning to any celebrity or well-known high earner to watch their back when they're out on the streets after he and a friend were held at gunpoint and robbed of more than $100,000 worth of jewellery in New York City. The 39-year-old hip hop producer claims that he and his 32-year-old companion were robbed at around 7am, moments after exiting his SUV in Times Square.

Police insiders have since revealed that Storch was robbed of around $100,000 worth of jewellery as well as around $5,000 in cash, which one of the victims was carrying in a briefcase. The music mogul, who has worked with such stars as Dr. Dre, Snoop Dogg, Beyonce and 50 Cent, was in the Big Apple for Sunday's MTV Video Music Awards and, according to TMZ, he was robbed shortly after leaving the New York Palace Hotel on Madison Avenue, where he was staying during his time in NYC.

Continue reading: Scott Storch Warns Other Celebs Of Being Robbed At Gunpoint

Rapper and record label exec. Birdman buys mansion for a cool $14.5m! The co-founder of Cash Money Records - home to Nicki Minaj, Lil Wayne and Drake – bought the Miami Beach pad, which used to belong to Scott Storch.

So, who said the American property market was in turmoil? Birdman seems to be well and truly above the current austerity crisis, securing his place high up on the property ladder with a luxury $14.5m mansion on Miami beach. 70 Palm Avenue was owned by Roots keyboardist Storch, who used it as a “drugs den” (his words, not ours!). The 9-bedroom, 17-bathroom multiplex house was the location for a $30m splurge on drugs and boats for the musician, TMZ reported, and he is now said to be in a state of regret over his more decadent days after he lost the house to foreclosure in 2010. The stunning palace also boasts a below ground swimming pool as well as an outdoor pool which comes complete with a bungalow. An in-house massage room, theatre and waterfront of 100 feet and a private dock are all luxurious features present within the Money To Blow performer's new dwelling. Ridiculous.

The last owner, RockStar energy drink inventor Russel Weiner, made a huge profit on the place, after he purchased it following Storch’s tenancy for a thrifty $7m.