Mc Hammer Net Worth (Updated 2023) – Bio Overview

 Mc Hammer is a well-known American rapper, entertainer, dancer, record producer, and multitalented personality, who has a net worth of $3 Million US as of 2023. He was at the peak of his career around the 1990s, and since then he has achieved a lot of recognition in the music world.

At that time the rapper had a whopping net worth of $70 million but over time he lost most of his wealth via extreme personal expenditures. Hammer is best known for his flashy dancing skills and outlandish fashion. Mc Hammer rose to fame with the release of his sophomore album titled Please Hammer, Don’t Hurt ‘Em, which somehow went on to become the best-selling rap album ever.

In the process, Hammer earned himself a 33 million empire. But only a handful of years later he declared bankruptcy as his spending spiral totally out of control. In this article, you will find the total net worth of Mc Hammer his income sources, career, biography, and how he lost his money.

Net Worth 2023:

Early Life:

MC Hammer was born Stanley Kirk Burrell on the 30th of March 1962, in Oakland, California. Growing up in an extremely religious family, Hammer landed a job as a batboy for the local Oakland athletics. Which is the baseball team where he would entertain audiences during breaks with his dancing skills.

He was such a regular around the team that Reggie Jackson gave him the nickname Hammer for his resemblance to the all-time home run leader. Outside of his passion for baseball, he also loves solo music. After catching James Brown performing at the Apollo on television when he was only 3 years old, he immediately began emulating his musical idol.

His mother worked as a secretary while his father Lewis Burrell was a professional poker player. Hammer grew up alongside 8 siblings in 3 bedroom housing project flat in Oakland. Hammer completed his high school graduation from the McClymonds High School in Oakland and then entered the U.S Navy.

After spending three years in the Navy, Hammer returned to civilian life and he began chasing his dream of making music. Hammer started performing at local clubs with the help of some of his former friends in the Oakland athletics.

Career:

MC Hammer recorded his very first studio album called Feel My Power, under his record label in 1987. He made an impression on the excess over at Capitol Records, who then signed him to a multi-album deal. The first project he did was a reversion of the album Feel My Power, and it has managed to sell over 2 million copies.

Not only that this project became his first Double Platinum and kick off Hammer’s career on the right foot. Hammer’s second album for Capitol Records became his masterpiece and was released in 1990 titled Please Hammer, Don’t Hurt ‘Em.

It became the first hip-hop album to ever sell more than 10 million copies. The album included the breakthrough single titled U Can’t Touch This, which became such a massive hit by reaching topped on the Billboard chart, and the album was #1 for 4 weeks. The hit single would dominate the radio and MTV on its path to winning 2 Grammys for Best R&B song as well as Best Solo Rap Performance.

Hammer’s next two singles Have You Seen Her and Pray, went viral and touched on the top 10. After three immensely popular singles, Hammer went on to tour the help of the album throughout Europe in 1991. The hit album was recognized for sampling well-known singers including, Prince, The Jackson 5, Marvin Gaye, and Faith No More.

Hammer’s third studio album 1991’s Too Legit To Quit, quite sold relatively well and became a hit. The title track from the album was a huge hit and made its place in the top 5 of the Billboard 200. After getting a massive success from the album, Hammer went on a lavish tour along with artist Boyz II Men.

He made one of the most expensive videos in a collaboration of many popular celebrities for the music video of 2 Legit 2 Quit. The album became a super hit and went multi-platinum. MC Hammer’s fifth studio album The Funky Headhunter would be his last to go Platinum and a year later when he dropped his sixth studio album Inside Out V in 1995, would be the final time an album of Hammer’s would ever chart.

MC Hammer Bankruptcy:

At the height of his power and popularity, Hammer had earned himself a net worth estimated to be around a million. He employed a staff of close to 200 people and he rolled with an entourage that was said to be at least 40 deep.

With all those people in his orbit, Hammer was paying close to $500,000 a month just to support his entire crew, and of course, as someone who broke new ground on the musical front, well he wasn’t content with simply living in some sprawling estate that already existed.

Instead, he break new ground again this time in the hills above the neighborhood that he grew up in, in a 40,000-square-foot home that would wind up costing him an incredible $30 million to build. Hammer also established the Oaktown stable which would house 19 thoroughbred horses including the colt named Dance Floor who finished 3rd 1992 Kentucky Derby.

Meanwhile, Hammer was dropping millions of dollars on buying Lamborghini’s, private jets, dozens of luxury sports cars, Helicopters, 12 acre home in Fremont, California,  a record company, and even a Stretch Limo. At that time Hammer was living the life he always wanted to live. In 1996 he officially declared bankruptcy.

Apart from that, in 1998 he recorded an album titled Family Affair, which was slated for release on his label but after 1000 copies were pressed the album released was canceled. After that several, more projects were rumored to be in the works but none ever manifested until the early 2000s when Hammer would release a string of independent projects with titles like Active Duty, Full Blast, Look Look Look, and DanceJam The Music.

None of it was particularly successful thankfully Hammer still had one last card to play. He also invests some money in some technology startups. He said that he first became interested in Tech companies while filming a music video back in the early 1990s. Ever since then he kept his eyes open for potential investment opportunities and Hammer claims that he was even there to lend some cash to the birth of both YouTube and Twitter.

Little by little Hammer eventually rebuilt his financial empire but sure it never reached the same heights as it once did in the early 90s. In 2014, Hammer came up with the release of his new track titled Raider Nation, and the updated version of his 1990s song Help The Children in 2017.

Personal Life:

MC Hammer got married to Stephanie Burrell in 1985. The couple has three sons named Bobby Burrell, Jeremiah Murry Burrell, and Sammy Burell as well as two daughters named Sarah Burrell and A’keiba Burrell. Hammer is living with his wife and 5 children in a fairly modest ranch-style home in the beautiful place of Tracy, California.

Biography:

Mc Hammer Net Worth:

As of 2023, Mc Hammer Net Worth is roughly to be around $3 million. The iconic rapper 90s rapper was worth as much as $70 million but he suffered one of the most incredible downfalls in music history. Hammer spent millions on himself and his friends. His financial problems worsened as his rap career dwindled.

The rapper quickly spiraled into debt and had to file for bankruptcy. In the 1990s he became one of the biggest rap icons thanks to his persistence. He spent the $40,000 to create his record label called Busted Productions. He was so committed to his rap career that he sold the albums out of the trunk of his car.

At that time he became an instant millionaire thanks to the $1.75 million advance he received from Capitol Records. He soon skyrocketed to success and his 1990s album Please Hammer, Don’t Hurt ‘Em, has sold more than 18 million copies to date and is still one of the best-selling rap albums of all time. Hammer has managed to sell more than 50 million albums during his career.

He spent his money on a variety of luxury things he owned 17 cars and many of them were extremely expensive supercars like Lamborghini and Ferrari. In April 1996, Hammer filed for bankruptcy in California, and in the filling, he listed over 200 creditors including former NFL player Deion Sanders who had reportedly loaned Hammer $500,000.

Hammer was forced to sell all his assets many at a huge loss but he still has his label and can perform as many as 50 concerts per year. He also works as a preacher and officiates his friend’s weddings.

He co-founded DanceJam.com and managed to raise $4.5 million in equity funding for the startup. MC Hammer’s annual income is currently more than $600,000. The rapper has also appeared in many commercials such as Kentucky Fried Chicken, Apple Music, Command, and more.

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