His rapid ascent was quickly followed by a dramatic fall, and in the year 1996, he filed for bankruptcy owing to a large burden of debt.
In the past, he’s been involved in numerous projects and in 2020, he has managed to keep his wealth at around $1.5 million. Most of it comes from various commercial ventures and investments of various kinds.
Who is MC Hammer?
MC Hammer, also known as Stanley Kirk Burrell, born in 1962, is an American entrepreneur and rapper. He rose to prominence following the release of his chart-topping single “U Can’t Touch This” in 1990.The song rapidly became an international hit. Through the 90s, his music continued to be hits songs, including “2 Legit 2 Quit” as well as “Pray.”
The music of his has appeared in numerous soundtracks to films and TV shows throughout time, including Shrek Forever After, The Simpsons Movie, South Park: More Longer, Bigger and Cut, Happy Feet Two, and Austin Powers: International Man of Mystery in addition to many others.
Apart from being a popular musician, MC Hammer also ventured into the business world by founding several businesses throughout his career, like MCHammerTV (an on-demand streaming site) as well as DanceJam (a social networking website).
What Happened to MC Hammer?
Hammer was able to rise quickly to the heights of the musical scene, however Hammer quickly went down. After just six years after the tremendous success of his debut record, Hammer declared bankruptcy.
When he appeared in court, he said to own $9.6 million in assets and about $14 million of the form of debt.
In the midst of his greatest expenditures, Hammer had 40 employees and spent more than 30 million dollars on his property (which was later was able to sell) as well as a number of racehorses as well as at least 17 automobiles. The most prominent of his creditors was popular football player Deion Sanders who loaned Hammer $500,000.
M. Hammer’s latest update
Recently, MC Hammer has become more active in charitable work via organisations such as Feeding America where he helps with meals to those struggling with hunger throughout the United States.
Additionally, he’s part of several committees that help provide poor youngsters with learning opportunities that they may normally not have.
Additionally, he has served various non-profit organisations around the world in the capacity of ambassadors, such as UNICEF USA and Save the Children UK just to name just a handful!
At the Tupac Shakur Way dedication MC Hammer
A section of the street in Oakland was named in memory of Tupac Shakur. He passed away in 1997.
Tupac Shakur Way was officially established as a way to honor Tupac Shakur on MacArthur Boulevard in the vicinity of his home in the 1990s after the ceremony was that was attended by his family as well as Oakland resident MC Hammer.
Shakur’s sister Sekyiwa stated, “Let his spirit live on for the rest of these years in these streets and your hearts.”
Shakur as he wiped off tears after the end of the nearly two-hour event He told the crowd to “set.” A few seconds afterwards then, Tupac Shakur’s Tupac Shakur Way sign was presented.
After being shot and killed in the year 1996, in the year 1996, aged 25 MC Hammer, the rapper of “U Can’t Touch This,” who stayed for a large part of Shakur’s final months together, stated during his speech the fact that Shakur had been “hands down, the greatest rapper ever, there’s not even a question of that.”
What Is MC Hammer’s Current Net Worth?
In the past, MC Hammer currently has approximate net worth $1.5 million dollars by 2020 according to CelebrityNetWorth estimates on their website.
The majority of the wealth is through investments built over time and not the particular source or business.
It is also important to note that the majority of this fortune was built up prior to the year 2008 because of problems with finances that resulted from declaring bankruptcy during the time.