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Net Worth of MC Hammer (A Man from $70 to $2 Million Worth)

Net Worth of MC Hammer (A Man from $70 to $2 Million Worth)

MC Hammer Net Worth

Introduction:

Stanley Kirk Burrell (or Hammer) is an American rapper, record producer, dancer, and entrepreneur. During the late 1980s and early 1990s, he enjoyed his most notable commercial success and popularity. Hammer is known for his fast rise to fame, songs, flashy dance moves, choreography, and eponymous Hammer pants. 

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Net Worth:

Presently Hammer has a total net worth of around $2 million. During Hammer’s peak years in the 1990s, his fortune exceeded $70 million. Unfortunately, he spent too much money on personal expenses, which caused him to lose most of his wealth. In 1996, he filed for bankruptcy.

Early Life:

Burrell was born in March 1962 in California. His father was a professional poker player, a warehouse supervisor, and a gambling casino manager. During his childhood, he lived in a small apartment in East Oakland with his mother and siblings.

While performing at various clubs with the A’s while on the road, he earned the nickname “M.C.” for being a “Master of Ceremonies.” Eventually, he used it even while he was serving in the military. After playing second base in high school, Hammer became a professional baseball player, but he failed to make the final cut at a Giants tryout.

MC Hammer

In 1980, Burrell graduated from McClymonds High School in Oakland. However, his studies at a local college were not successful as they should be. He failed to secure a position in a professional baseball organization, so he joined the United States Navy.

Throughout his service with PATRON (Patrol Squadron) FOUR SEVEN (VP-47) at NAS Moffett Field in Mountain View, CA, he worked as an Aviation Store Keeper. 

Career:

He is the first rapper to receive Diamond status for a recording. He became enormously popular in the mid-and late 1980s with his innovative presentations of “pop-rap.” Despite his mainstream approach to rap, he is regarded by many in the rap community as a sellout. Still, he has become one of the most famous rappers of all time, and he is also known for his flamboyant dance moves.

Except for later remixes of early tracks, Hammer created and recorded many rap tracks that were never publicly released. In addition, Hammer has introduced, signed, and produced numerous new artists through his record labels, including Bust It Records, Oaktown Records, and Full Blast.

A debut album by MC Hammer, Feel My Power, came out on his Oaktown Records label (Bustin’) in 1987. It was produced between 1986 and 1987. Felton Pilate made it. City Hall Records distributed more than 60,000 copies of this album.

Hammer’s second album came out; it makes an international; seller.

On his 1989 album Don’t Turn This Groove Around (RCA Records), Hammer performed “You’ve Got Me Dancing” (with Glen Goldsmith). It was Hammer’s first U.K. release. In addition to appearing in this song, Hammer appeared in Glen Goldsmith’s music video. However, there was no chart success for this single.

Album samples from other high-profile artists gave some of these artists a new fan base. “Dancin’ Machine” sampled The Jackson 5, in “Help the Children” interpolates Marvin Gaye’s “Mercy Mercy Me,” and “She’s Soft and Wet” also sampled Prince “Soft and Wet.”

 There was a success with all these songs on the radio and T.V., including “U Can’t Touch This,” “Pray,” “Have You Seen Her,” “Here Comes the Hammer,” and “Yo!! Sweetness” (Wales only). Hip-hop music became more popular as a result of the album. The album remains the genre’s best-selling album of all time.

Hammer’s career continued to be highly successful despite these criticisms, including tours in Asia, Europe, Australia, and Russia. In the following years, Mattel dolls, lunchboxes, and other products were marketed by M.C Hammer. He also had his own Saturday morning cartoon, Hammerman, in which he voiced and hosted.

The following year, Hammer released Too Legit to Quit (also produced by Felton Pilate). In certain songs from the album, Hammer responded to his critics. It was a strong seller (over five million copies), with the title track the most prominent hit single from it. In the Billboard 200, the album peaked at number five.

James B. Young and accompanying studios created the artwork featured in the album.

Hammer was also featured on the single “The Blood” from BeBe & CeCe Winans’ album, Different Lifestyles, released in 1991. In 1992, the song reached No. 8 on the Christian charts.

The album reached multi-platinum status. Since then, MC Hammer has released seven further studio albums, each ranging in success from moderate to great, his last one being released in 2009. With over 50 million records sold worldwide, Hammer has headlined numerous world tours.

Three Grammy awards and several other honors, including many lifetime achievement awards, have been won by MC Hammer. In addition, his top singles live in infamy and are still used in commercials, ads, and films today.

He is an ordained preacher as well as a television personality—judge and host of dance competitions. In addition, he has dabbled in producing and acting. Hollywood star MC Hammer directed and starred in his 1989 movie Please Hammer Don’t Hurt them: The Movie. In 2008, he helped create the dance website Dance Jam.

Additionally, he is the CEO and executive producer of a short-lived reality show. “Hammer time.” Presently he is working on a new tech start-up, a search engine called WireDoo.

Personal Life:

His marriage has among the most prolonged and most stable of all the celebrity marriages. His wife, Stephanie, has been with him for more than thirty years. They have blessed with five children during their marriage.

In Tracy, California, Hammer lives with his wife Stephanie and their five children, Bobby, Jeremiah, Sammy, Sarah, and A’keiba. He is involved with eight tech companies and on social media regularly.

Bankruptcy:

Hammer filed for bankruptcy but has since developed entrepreneurial ventures, released new albums, and managed record labels. 1991 was Hammer’s best year when he made over $33 million.

However, in 1996, Hammer declared bankruptcy due to $14 million worth of debt despite his mega earning years. In addition to luxury sports cars, airplanes, and record company shares, Hammer owned a 12-acre estate on the outskirts of Fremont, California.

The house he built to escape the rough neighborhood in which he grew up cost him $30 million. There were multiple swimming pools, tennis courts, a recording studio, a 17-car garage, a bowling alley, Italian marble flooring, and a baseball diamond in the 40,000 square foot mansion. 

This property eventually sold for $6.8 million after the bankrupt company declared bankruptcy. Moreover, Hammer had an enormous entourage. His staff alone cost him $500,000 a month at the peak of his fame.

According to the IRS, Hammer owed $800,000 in back taxes and penalties for 1996 and 1997. In addition, Hammer must first pay the IRS for every dollar he earns before it goes to him. This information has been revealed in several released legal documents.

Final Words:

Hammer gained a lot of fame and wealth for his hard work and talent. However, the overly luxurious life made him bankrupt, resulting in a decline in his worth. For now, he is trying to make up for his loss as a businessman. In addition to all this, he is one of the top rappers who completely alter the music scene.

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