M.C. Hammer is an American rapper, dancer, entrepreneur, spokesman and actor, also known as Stanley Kirk Burrell. His songs feature outstanding dance moves and lyrics that rhyme and are quite catchy. At one point in his career his net worth was a whopping $33 million. However, his spending like crazy lifestyle dragged him into a huge amount of debt. He claimed to have at least 200 staff members that he was paying and even a $12 million mansion. In 1996 he was forced to file bankruptcy and has been struggling with money ever since! His outrageous spending, think luxury cars, airplanes, a record company, the largest entourage in celeb history, and a $30 million mansion, complete with a bowling alley, 17-car garage and a baseball diamond, has served as a cautionary tale to the newly famous. In the early '90s, the rapper was apparently 2 legit 2 live on a budget. He squandered his millions on a ridiculously extravagant lifestyle and was $13.7 million in debt when he filed for bankruptcy back in 1996.
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