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One Florida insider told Page Six Storch’s credit cards were recently declined at a Miami club. “He’s had to pay cash for everything,” said the source. In 2006, Rolling Stone reported that Storch , who has worked with 50 Cent, Fat Joe, Christina Aguilera and Beyoncé, was worth $70 million. But by August 2007, Forbes had that number down to $17 million…. A rep for the mogul had “no comment” for Page Six. Well, he obviously doesn’t know how to manage his wealth!

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