MC Hammer Net Worth
| Category | Richest Celebrities › Rappers |
|---|---|
| Net Worth | $2 Million |
| Birthdate | Mar 30, 1962 (61 years old) |
| Birthplace | Oakland |
| Gender | Male |
| Height | 5 ft 11 in (1.82 m) |
| Profession | Preacher, Entrepreneur, Actor, Musician, Songwriter, Rapper, Singer, Choreographer, Dancer, Entertainer |
| Nationality | United States of America |
What is MC Hammer’s Net Worth?
MC Hammer, an American rapper, entertainer, and dancer, has a net worth of $2 million. However, at the peak of his career in the 1990s, Hammer’s personal fortune reached $70 million. Unfortunately, due to extravagant spending, he lost most of his wealth and filed for bankruptcy in 1996.
Highlights
– MC Hammer has a net worth of $2 million.
– He achieved immense popularity in the late 1980s as a rapper and dancer.
– Hammer’s most successful album, “Please Hammer, Don’t Hurt ‘Em,” sold over 25 million copies.
– He filed for bankruptcy in 1996 after accumulating around $10 million in debt.
– MC Hammer has sold over 50 million records worldwide and has won three Grammy Awards.
Early Life
MC Hammer, born Stanley Kirk Burrell on March 30, 1962, in Oakland, California, grew up in a poor family. His mother worked as a secretary, his father was a professional poker player, and he had eight siblings.
In his early years, Hammer worked as a clubhouse assistant and batboy for the Oakland Athletics. He earned the nickname “M.C.” for being a “Master of Ceremonies” during his time with the A’s. He also earned the nickname “Hammer” due to his resemblance to baseball legend Hank Aaron.
Career
MC Hammer achieved immense popularity in the late 1980s with his unique rap style and flamboyant dance techniques. He started his own record label, Bust It Productions, and released his first album “Feel My Power” in 1987.
His breakthrough came with the release of the album “Please Hammer, Don’t Hurt ‘Em” in 1990, which featured the hit single “U Can’t Touch This.” The album sold over 25 million copies and reached number one on the Billboard chart.
Hammer went on to release several more successful albums and won multiple awards throughout his career. However, due to excessive spending and financial mismanagement, he filed for bankruptcy in 1996.
Personal Life
MC Hammer currently resides in Tracy, California, with his wife Stephanie, whom he has been married to since 1985. They have five children together.
Despite facing financial struggles in the past, Hammer has been involved in various entrepreneurial ventures and tech projects. He remains active on social media, often posting about his work and interests.
Net Worth Over Time
MC Hammer’s net worth has fluctuated over the years. At the peak of his career in the 1990s, he amassed a personal fortune of $70 million. However, due to extravagant spending and financial mismanagement, he filed for bankruptcy in 1996.
Since then, Hammer has worked on rebuilding his financial stability through new album releases, record label management, and other entrepreneurial endeavors. His current net worth is estimated to be $2 million.
Components of Net Worth
MC Hammer’s net worth is primarily derived from his successful music career. He has sold over 50 million records worldwide and has earned significant income from album sales, tours, and endorsements.
Additionally, Hammer has ventured into various entrepreneurial ventures, including tech investments and record label management, which contribute to his net worth.
In conclusion, MC Hammer’s net worth is currently estimated at $2 million. Despite facing financial setbacks in the past, he remains active in various entrepreneurial endeavors and continues to leave a lasting impact on the music industry.