Contact Us

MC Hammer – Bankrupt Celebrities

MC Hammer
Allen Berezovsky, Getty Images

If you have an entourage of 200 people that costs half a million dollars every month, but no Scrooge McDuck-type swimming pool filled with gold, chances are you’ll probably go bankrupt. And that’s precisely what happened to MC Hammer.

The ‘U Can’t Touch This’ rapper has some of the most well-known financial problems in the music business to date. In 1990, the rapper’s album ‘Please Hammer, Don’t Hurt ‘Em,’ net profits of $33 million! He and his over-sized entourage were riding the gravy train… or so he thought.

The ’2 Legit 2 Quit,’ rapper filed for bankruptcy in 1996, as he was $13 million in debt with only $9 million to his name…. bit of a disconnect there.

Hammer’s cash flow issues have not been totally resolved, however. As recently as 2011, Hammer still owed the IRS almost $800,000 in back taxes from his earnings in the ’90s. Might we suggest a high-quality line of Hammer pants to pay off your debts?

Looking back, a more appropriate hook to his hit ‘U Can’t Touch This’ would have been, “Stop! Fiscal responsibilty time!” There’s not much of a ring to it, but teaching good spending habits is important, as Hammer knows all too well.

See the Next Bankrupt Celebrity

Watch MC Hammer Talk Bankruptcy on ‘The Opie & Anthony Show’

Best of the Web

More From Around the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://popcrush.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on Popcrush quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here

Please solve this simple math problem to prove that you are a real person.

Register on Popcrush quickly by logging in with your Facebook account. It's just as secure, and no password to remember!