1991
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Mar 30, 2014 · Having blown through his ample fortune, Hammer filed for bankruptcy in 1996 with a staggering debt of over $13 million and was forced to sell off his house for a fraction of what he spent to...
Nov 7, 2022 · MC Hammer is best known for his 1990 hit, "U Can't Touch This." The former chart-topper was swimming in money but eventually went bankrupt. Here's how.
Jun 17, 2024 · The Turning Point In His Career. By 1996, his excessive spending would land him in bankruptcy. MC Hammer had more than $10 million in debt and only $1 million in assets, according to SF Gate....
Apr 9, 2019 · Unfortunately, by 1996, Hammer was dead broke. Worse, he was drowning in debt at a time when his career was turning out to be a flash in the pan. Pretty soon, Hammer was forced to sell all of...
Oct 5, 2017 · A staggering $30 million, plus all the upkeep (and, of course, the staff) needed to maintain such a sprawling property, which sat on 12.5 acres. His financial troubles forced him to sell the property in 1997 for just $5.7 million, far less than what it cost to build.
Sep 8, 2019 · There was a time when it seemed like the sun would never set on MC Hammer's fortune. But a life of excess and costly scandals would bring it all crashing down, and not even Hammer's trademark parachute pants would be able to soften the fall.
According to a 2017 episode of the Reelz TV series Broke & Famous, the situation was eventually resolved. As of the making of the aforementioned Broke & Famous episode, Hammer had a reported net worth of $1.5 million. Obstruction charges
