How MC Hammer Lost His Millions

MC Hammer was once worth $70 million, but excessive spending and a floundering career led to huge financial problems for the famous rapper. MC Hammer spent millions at the height of his career and didn’t save anything. He spent so much that he soon found himself $14 million in debt. MC Hammer’s luxurious mansion featured a gold hot tub, gold toilet, marble statues, and even a swimming pool shaped like MC Hammer’s iconic parachute pants. MC Hammer’s spending problems soon got the best of him and he was forced to sell all his possessions and file for bankruptcy protection in 1996. His former mansion ended up selling for just $5.3 million, which was far less than what MC Hammer had paid for the property. MC Hammer spent millions of thoroughbred horses and expensive supercars. Each of MC Hammer’s horses cost a minimum of $250,000 and many had price tags much closer to $1 million. His horse Dance Floor cost about $1 million. Not surprising considering the colt placed 3rd at the 1992 Kentucky Derby. MC Hammer’s horse Lite Light won the Kentucky Oaks in 1991 and was estimated to be worth $1,231,596. He also owned two helicopters, a private jet, and a luxuruous stretch limo. MC Hammer’s financial problem continued for years. The IRS even came after him for back taxes and MC Hammer had to pay up. Despite all this, MC Hammer didn’t give up. His fortune was gone but he kept going. He eventually started to see success again and now he’s worth about $1.7 million. Keep watching to see how MC Hammer blew his massive fortune.
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Written by: Rob Cramer
Narrated by: Craig Freeman
Edited by: Marcela Medina Saenko
Animated by: Marcela Medina Saenko
For copyright matters please contact us at: [e-mail]
CHAPTERS:
00:00 Intro
00:37 MC Hammer
02:07 Excessive Spending
03:08 Extravagant Mansion
04:22 Horse Racing
05:03 Costly Crew
05:22 Filing for Bankruptcy
06:02 The Taxman Cometh
06:47 MC Hammer’s Comeback

[@jrelgran1on1]

The tone in this video is distasteful and disrespectful. Hammer accomplished more in 4 years than anyone associated with this video. Respect the fact he wanted to help his whole neighborhood. Then you mentioned one hit wonder wtf!!?! The man had several smash hits.

[@concernedcitizen4824]

Facts.

[@BossGlam808]

I agree

[@Rushon-pj8sk]

100% truth.

[@Rushon-pj8sk]

@@BossGlam808people dont respect hammer like they should.

[@donovancarter6567]

Facts

[@brockf5]

He was not a one hit wonder though

[@Littleboy1976]

I paused when I heard that. Then had to rewind it to hear it again.

[@bradyhansgaming3476]

His best song is get it started. Cant touch this is rlly good but overrated, Get it started should be more popular than can’t touch this

[@jwm66]

Exactly....this narrator probably only heard just one song.

[@dejstoney]

These narrators on these celeb fortune videos always sound like haters.

[@Rushon-pj8sk]

he has 19 RECORDED HITS. the people who made this video should really do their research

[@kennithchapman9689]

He didn't loose anything. He spent it!

[@abduldjalo7577]

U damm right kkkk god bless him

[@eldiamanteazul7775]

He gave all away to its so call "Friends" 🤔 Working for Him.

[@cosmicsatan7116]

He lost his financial freedom.

[@postalcode63]

he spent on his people

[@fsd2696]

😭😭😭🤣

[@theorncampbell4432]

He's seems like a great person that still has a long time left in his incredible life.

[@joeswanson733]

probably another 20-30 years.

[@SonnyK248]

MC Hammer was one of the most feared men in the music industry.

[@troopkixx1375]

Glad to see he overcame. FYI, all the petty jabs are unnecessary.

[@cgr88m]

Gotta hand it to the guy, even when he lost it all he still never went back to working a 9 to 5.

[@joeswanson733]

how could a entertainer like him ever go back to a 9 to 5. just not possible. no could afford to hire him.

[@ibrookajamupalmer]

Bro he enjoyed the 90s though. Lol

[@herygarcia8664]

He really knew how to spend everything he earned from his passion from music. And by the way...he was never a one hit wonder!

[@joeswanson733]

he should've just avoided that 30 million dollar mansion, the horses, and avoided the huge entourage.

[@TChalla007]

He's ben big in Tech for years. NFT early investor as well as other startups. Guest speaker on Media and Tech.

[@smileyp4535]

@@TChalla007 shit no wonder he lost all his money 😵‍💫 I mean unless he's the one attached and people are buying them because his name is on it then it's just everyone who still falls for that shit 😮‍💨

[@TChalla007]

@@smileyp4535 I'm from Oakland. I know Stanley. He filled BK just like many other people to protect other assets. He didn't lose all his money. Just like what they said about 50 cents. Idiot Trump filled at least 5 times.

[@kt3513]

Hammer need get credit for real some artists can't sell 1 million

[@eyeseer1]

Hammer is better then than most singers nowadays.

[@XitsundzuxoHimina]

This man is a fighter and fair person 🙆🏾‍♂️🙆🏾‍♂️🙆🏾‍♂️🙆🏾‍♂️ Selfless at most 🤞🏾🤞🏾🤞🏾🤞🏾

[@jorexthox4330]

He was TOO GENEROUS 😭

[@DonSoledadGroup]

I'll never forget meeting Hammer at the 7-Eleven near his house in Fremont where he would sometimes hangout. Such a cool down to earth dude...HammahTime!

[@InfoAmazing]

Am Sorry Don't Leave Me for money HAhaaaaaaaaaaaaa

[@thedotgiverv2.0.30]

. Have an amazing day, Info Amazing. Oh and, Hapy Trails. :D

[@tergummedia-5765]

haha

[@ephremyilma6655]

you Are so Funny guy

[@TikTok-ot7pp]

kkkkkkkkkkkkkkkkkkkkkkkkkkkk

[@saurabhsinghmakrahi]

Good to see him learning a lesson and getting back on his feet. Grew up on his rap. Will always wish him well.

[@Theyluvdas]

My lord…..

[@thedotgiverv2.0.30]

.

[@Shadow-nk5ml]

When it said 500k a month that was my reaction

[@savagebrowhy7891]

@@Shadow-nk5ml ll LL

[@johngirard8554]

1 million 💵💰💲🤑 💵 a month on an entourage is very expensive. That's a bill I would have to cut out immediately, fast. LMBO 😅😂🤣😅😂🤣

[@Pug46YT]

I want parachute pants

[@thedotgiverv2.0.30]

. Me Too.

[@lexim1497]

🤣🤣 me 3

[@xtopherjdee4957]

You do realise he is one of the savviest tech entrepreneurs out there today. I don't know how deep his pockets are but I know he got in on big tech early years after he lost his millions so he must be good. He just doesn't advertise it like he used too back in the day and so he shouldn't. If anyone has learnt the lesson of helping ungrateful people, it's hammer!

[@joeswanson733]

long story short he will never be as rich as he was back in 1991

[@imrickjamesbiiiiitchhh6161]

@@joeswanson733 *HE also will NEVER be broke, EVERRRRR*

[@msgenevajb]

FACTS‼️

[@goshenhill40]

He blew thru that 70 million faster than the world’s fastest man ran the 100 yard dash:

[@creating1_c1999]

Notice that when you are big and live extravagantly, you hear people owing taxes. There's no way MC Hammer is only worth 1.4 mil. But the public knowing that keeps the government looking away. Smartest thing he ever did was changing the facade. The man is quietly rich, which means he learned to turn down the lights.

[@rasnya1925]

I remember when he purchased a 6 million doller home & at the time that was a big deal. Hammer was one of the first entertainers to have a HUGE entourage who performed with him every show that he took care of on & off the stage financially including his brother. When the money was gone they all bounced. Them OAKTOWN 357 girls were the 💩 back then.

[@joeswanson733]

it's that house and the enormous entourage that did him in. the horses and the helicopters/cars were just icing on the cake.

[@jevan40]

The man did what he want, you don’t have to talk about him like he’s some strange dog.

[@Littleboy1976]

Right. And he wasn't a 1 Hit Wonder.

[@TChalla007]

He's ben big in Tech for years. NFT early investor as well as other startups. Guest speaker on Media and Tech.

[@imrickjamesbiiiiitchhh6161]

*EXACTLY WHY I GAVE THIS VIDEO THUMBS DOWN!!*

[@piyumimadara6167]

How lucky you are to live such a comfortable life🙂🙂 I am 20 years old. I have been living a very sad life since I was born😔 I've never really seen the food here. Thea has never been in such a comfortable vehicle. Since my father died, I was entrusted with the responsibility of the family. The money I earn from my job is not enough for my mother and me to live on. We are both hungry most of the day. Sometimes we go hungry for two days straight🥺 Our house is getting wet due to the prevailing rains these days. We are living a very difficult life. I hope someone who sees this will help us. Blessings of the Buddha to all🙏🙏

[@johngirard8554]

Just try to connect with your Innerbeing, Higherself who will tell you anything and everything you need to know. Try meditation.

[@KaeDoggie]

yo that is so friggin sad

[@TheAccessFoundation]

He back in the game investing in technology.

[@CAM0244]

One hit wonder..who told that lie? Hammer was the man during his hey dey!!! He was and still is loved by many including myself‼️🤩💯❤

[@buntukunene4410]

Even the Joker is afraid of the IRS!

[@jllewislewis5210]

this a socialist comunist government. And they rip you off, if they know you got sometin... the are the criminals...and society dont develop due to them, people dont produce cause they know they are gonna be stolen. have a nice day,

[@knowledgenlogic5388]

Glad to see he’s doing good ok.

[@soupysails1373]

MC Hammer made my childhood really awesome….We used to build bike jumps with plywood and cinder blocks and blast his music! Early 90’s Philadelphia row home life :)

[@nopt1118]

Thank you for the info. In my books, he is still THE HAMMER! I'm yet to find one musician who can perform an intricate dance move and rap at the top of their voices like THE HAMMER. He may have blown out all his millions but by God was successful! And how do we measure a man's success? I think he ticked all the boxes in the criteria;- 1. He lived a life many of us can only dream of - larger than life. 2. He is the ARCHITECT of the rap dance Revolution. 3. A collosal entourage - he paid them well. People who worked for him were comfortable - contrast that conglomerates that pay their workers peanuts and keep the rest for themselves. 4. He had a massive financial free-fall (Tom Petty - RIP) and bounced right back - keeping afloat, it could have been worse; doing some menial jobs .. 5. He still makes the world a happy place - we are still dancing to his music My bucket list includes having a signed photo of him on stage ... True genius! My ICON!

[@eddiejakpor6884]

The richest, do you have to insult him for his mistakes?

[@trashcan7380]

He’s not insulting him there facts

[@misterlove6225]

If you say he was just a 1 hit wonder, then you don't know shit about him or about hip hop history.

[@Akash.Chopra]

MC Hammer spent money like a poor Paris Hilton.

[@AdelAdel-cf1ft]

say what you wanna say but im happy hes still making thousands of dollars and overall didnt go to jail

[@thagoodzgirl3840]

From where Im sitting looking at the industry, he definitely won. Bankruptcy was the best thing to happen in order for a heart like that not to be corrupt.

[@Walgreens27richmond]

Always save your spare change you never know when it'll come in handy

[@Ironheart73]

Hammer is still a millionaire. He had some successful ventures. He never had to deal with a substance abuse problem. He is still happily married to his wife. He is a much happier person now. But the media wants to just focus on the part where AT A POINT he was 14 million dollars in debt.

[@joeswanson733]

but hammer will most likley never be as rich as he was in 1990

[@Ironheart73]

@@joeswanson733 And so what? He is a happier man today. Isn't that what matters in the end?

[@mydadownsadealership]

There was no doubt that whoever had to repossess Hammer's possessions was humming "U Can't Touch This" while hauling it all away.

[@thedeadzone9236]

😆😆😆

[@LiveLifeLivTrucking]

Wowww...I'm taking many lessons from MC Hammer!

[@lexim1497]

Me too !! 😁🙂👍

[@axelfoley1768]

You got a brain bro. We see MC Hammer kept going. I wish you well.

[@Andersondesouza07]

you who read this comment, may god bless you and your family

[@21rd99]

you too homie

[@johngirard8554]

Same to you.

[@SDRIFTERAbdlmounaim]

him spending 30millions on renovations is equal to car guys spending tens of thousands on modifications and expecting that to increase the re-sale value 😂 except it doesn't...

[@zehriimran1515]

I see lot of singer around the world but no body like MC hammer it's heart he give everything his friend .in one day come every person leave this world God bless you hammer

[@yahshaunyahu]

So basically, he lost more than 98% of the viewers watching this video, but still makes more than half of the ppl watching this while judging him for losing it

[@JK-cn5fy]

You didn’t mention the 30 black Cadillacs that were all identical. He lived on top of a huge hill in Fremont. You could actually see a few of the Cadillacs from the road

[@gauravsahu1738]

Money without mind Power without character

[@Ronan12334]

Another amazing video

[@Yonah_144]

Watching this video has given me confidence. Even if you get knocked down, you can always get back up.

[@blandoworthlessness]

I read Hammer's biography and it talked about how during his heyday he ran his entourage like a military unit. They would wake up at 5:00 am and run and then practice dancing and music all day! Drugs and alcohol were strictly forbidden.

[@thedotgiverv2.0.30]

. Oh and, Thank you for the info... :D Happy Trails. Thank You, TheRichest.

[@kenscorner3895]

Dang Bruh can you just do the video without the cheap shot jabs... Because without him you have no video to talk about..smh!

[@SilverMiraii]

The younger you are the more fun it is to spend money.

[@jacktaylor6155]

You was making it sound like he is a bum in the street now. Damn

[@darneittajones8338]

My neighbor and friend in Fremont, California. Very kind family man who has morals and still a man of GOD.👋👋👋

[@AcesizOfficial]

Great video🙌🏽

[@Grimeyknowledge]

Spending 1 Million a month to buy friends

[@johngirard8554]

That would have been the first unnessary expense bill I would have to cut out immediately, fast. I would downsize that from 1million a month to 0 zero a month in a flash, quick fast in a hurry. LMBO 😅😂🤣😅😂🤣😅😂🤣

[@noahsathletics]

I see him at chevron all the time. He is a nice dude.

[@thedebatehitman]

That’s cool. I still love the man. He was a big part of my childhood.

[@seanjohnson4475]

What's up Ronald McDonald

[@seanjohnson4475]

😴😴😴😴😴😴😴

[@RnBMistress]

He still has his God-given talent. And can always start a new business in the music business if he so choose.

[@Kamarikid]

2:55 the shade 😩👀

[@joeymorvant161]

Seriously! That was unnecessary.

[@Cutekitty12417]

So here's the question. Would you rather love and lost then never loved at all? Is it better to have lived hammers life then lost it than never lived that life at all?

[@Littleboy1976]

Booooooom

[@joeswanson733]

but hammers money problems were all avoidable in the first place. the overexpensive house. like even back then $1 - 2 million for a house is super duper nice already what this guy spent on his house on the hill.... ludicrous. cut the helicopters cut the car fleet to maybe 5-7 cut the entourage to 50 tops cut the horses i mean it's just basic money in vs money out

[@michaelbyczynski4348]

@@joeswanson733 he had it lived it don't be Hatten lol but right guess he don't pay back friends either

[@joeymorvant161]

"Sorta' like Hammer after his financial collapse"? That's cold.

[@alvareznivek2780]

Okay growing up I never understood MC hammer joke... Now I see... like c'mon

[@chelyr5517]

KZbin says there are no views but I see one like and one comment

[@thedotgiverv2.0.30]

:D . Please Have a nice day Chelyr.

[@thedailyhummm]

The pockets of his parachute pants were empty lol

[@oogabooga7882]

oh lawdy hammer it baby!

[@thedotgiverv2.0.30]

.

[@lioness-sx6fr]

I came he saw he conquered! Still lived a great life!

[@dominicthomas7518]

Wow. Nice. Will you be making a video on Chiang Kai-Shek ?? The rich emperor of China who was exiled to the present day Taiwan ?? His story would be interesting.

[@nino_the_foodie9740]

Eish ٫who else thought he was Sagittarius 😂

[@JamesJohnAgar]

I'm amazed at the amount of celebrities who waste all their millions on material things and don't bother saving for rainy days or for when they are older later on in life. They also turn their attentions to starting/investing in businesses once they do their research and background checks.

[@samrez-5530]

He lives a Great luxury life !!!

[@Pushyami578]

Sick

[@thedotgiverv2.0.30]

.

[@Deeznizzoz]

This is a Chappelle show skit. I remember seeing the teal 'Hammers Hummer' throughout the bay area back in the day.

[@leewightman8001]

His death row stuff was pretty good .as Tupac write a lot of hammers stuff .

[@YonsFX]

wow incredible ! thanks alot for this

[@thedotgiverv2.0.30]

:D. I love TheRichest As well. Have a great day, Yons FX.

[@JK-cn5fy]

Alot isn’t a word. It’s a lot. Write that down.

[@LaidenLaPoint]

Yes, he was reckless with money back in the day BUT, Hammer is actually a really smart dude. I don't say that lightly, either. Saw him posting about Algorand on Twitter. Algorand is a cutting edge blockchain network founded by a Turing Award winning cryptographer. If he understands how cutting edge Algorand is then he must have a pretty good understanding of blockchain tech.

[@crystalwater505]

MC Hammer always was a good guy, he was just bad with his money.

[@candiceperry7916]

MC Hammer is my favorite singer

[@JJacobs803]

My mouth was open the whole time

[@susieblanco2722]

Lmao them green pants

[@musicvibes6104]

guys let us all study financial intelligence read rich dad poor dad for starters

[@lososway9695]

Him and Bobby brown is my fav dancer

[@lososway9695]

Dancers

[@kidsIIIII009]

I went and searched for MC Hammer broke because of the Dhar mann Video (Evil Step Dad steals from Daughter, he lives to regret it)

[@OVI-Wan-Kenobi-8]

BRUTAL.

[@Littleboy1976]

Did he say 1 hit Wonder?....... Pause Hammer don't hurt him. 😂

[@johngirard8554]

At least he enjoyed blowing,spending his hard earned 💵💰💲🤑 💵 Money. An is still doing well.

[@HARLEMCITYSLICKER]

notice how the narrator was talking ish about hammer saying lil sly ish

[@paytonbf1]

I think that M.C. Hammer tried to uplift too many people, and unfortunately, it cost him financially! M.C. Hammer is doing well now, and his family is taken care of. So that's all that matters!

[@TheWaitingRoomTWR]

12 mil home but spent 30 mil on renovations, yikes that move alone says he really thought the money would nevee stop coming in

[@TheDanceOfTX]

The shade you’re throwing is unnecessary!

[@Trip-hq5wx]

that’s sad

[@thedotgiverv2.0.30]

:D

[@LiveLifeLivTrucking]

I agree!

[@johngirard8554]

At least he enjoyed it while he had it he had lots of fun blowing it. LoL 😅😂🤣😅😂🤣

[@LiveLifeLivTrucking]

@@johngirard8554 If he enjoyed it and had fun, then that is perfect.

[@javiercheavyman9546]

Nothing last forever

[@caramelking-zf8wu]

Hammer .... Collecting " L's " !!!

[@Homiedreads]

That boy thought he was Floyd MayWeather

[@jackyflowers7159]

THose pants tho!!.... lol

[@MarOnTop03]

Oh man

[@thedotgiverv2.0.30]

Indeed.

[@charlesleeiii]

He probably gettin' up on them NFTs now.

[@lashondawilliams3214]

He payed his dancers and more people sad part about this is when he needed help they all turn the other way

[@thomasoaxaca3379]

First, pay all federal, state and local taxes. Second, purchase modest home. Third, purchase no more than two vehicles. Fourth, save 10% for emergency fund. Fifth, invest approximately 30% of available income. Make certain that all investments have positive cash flow. Sixth, concentrate on career. Seventh, live modestly and follow formula as indicated above. Eighth, purchase all personal with cash, accumulating no debt.

[@Rociokirsten]

So this is Why...... I only knew MC Hammer cause of the Movie " White Chicks"

[@CaneBigMad9]

MC HAMMER BROKE LOL

[@oneone6268]

You gotta root for MC Hammer.

[@supreetgudal26]

💥💥💥

[@thedotgiverv2.0.30]

. :D Have a GREAT day Supreet Gudal.

[@jayc3986]

Dasss tuff

[@thedotgiverv2.0.30]

.

[@w.kamaranjoku1712]

Bro sounds like you have beef with him

[@guyski666]

He spent most his money on women, cars, and partying - the rest he wasted.

[@chikem9531]

George Best

[@johngirard8554]

Isn't that how most celeberties do, plenty of 🌟 stars an 🌟 Superstars 🌟 do that not just rapper's, movie stars, athletes, football, basketball players,actors,just look at Dubai 💵💰💲🤑 They do this all over the world.

[@chikem9531]

@@johngirard8554 George Best the Manchester United soccer player gave a similar gallows humor quote years ago when asked how he lost his fortune

[@guyski666]

@@chikem9531 I think it was Mark Twain that first coined the phrase

[@chikem9531]

@@guyski666 for sure, just George Best as a 'celebrity' springs to mind first

[@kaderdao1335]

At lest he not broke today living on some trash. The men lived this life to the max when he got it all now he can relax on his old age and still worth millions. A louser but a louser after all

[@chrystalharden]

I don’t like the way this story is being told about hammer. Sounds like one of the haters that tried to take him under