Mc Hammer $33 Million 1991 - News

Mc hammer $33 million 1991, mc hammer 50 million records, mc hammer + $13.7 million in debt in 1996- Rapper MC Hammer, who filed for bankruptcy in 1996 and made $33 million 1991 selling 50 million records, told the United States Bankruptcy Court Central District of California that he was $13.7 million in debt and only has $9.6 million in assets.

The award-winning rapper end entertainer, whose real name is Stanley Kirk Burrell, said that he had no idea how much money he would get from royalties from songs because his records "could be selling anywhere out there.

(But) as far as being in, like, a regular job, it doesn't work like that." In the early '90s, you couldn't go anywhere without hearing MC Hammer's "U Can't Touch This" or seeing someone wearing his signature parachute pants.

Fashion may have moved on, but his album Please Hammer, Don't Hurt 'Em is still one of the best-selling hip-hop albums of all time.Forbes Magazine estimated Hammer's net worth at more than $33 million in 1991. But, just five years later, Hammer—born Stanley Burrell—was reportedly in debt to the tune of $13 million.

Hammer filed for bankruptcy in 1996, but today, he says his debt wasn't a matter of losing his head. "No, I lost my heart," he says. "I didn't just take the money and say, 'I want to be a blessing to myself.' I took my money and employed 200 people in my community. I had a payroll of a million dollars a month at times."

Hammer says he's in a good place now. "Some people ask me sometimes, would I go back and change things?" he says. "They are flabbergasted by my answer. My real, true answer is I wouldn't change one thing.

I really believe in the butterfly effect. Meaning that if I change one thing, everything else changes. I lose the kids I have now. I lose the relationships I have now. I lose the peace I have now.