MC Hammer Net Worth 2022 – Bankruptcy, Wife, House, Car

With income from his career as a rapper, entertainer, dancer, and record producer, MC Hammer has amassed a net worth of $2 Million as of 2022.

Stanley Kirk Burrell, better known as MC Hammer, is an award-winning American hip-hop singer, dancer, record producer and entrepreneur. He is best known for his most successful single ‘U Can not Touch This’. 

He is remembered for the ‘Hammer Pants’ that he popularized with his hip-hop dances. Born and raised in California, USA, he struggled with financial difficulties in his youth. He was an aspiring baseball player but did not make it to a professional team. 

Hammer served in the ‘US Navy’ for 3 years and then pursued a music career starting with club gigs. His first album, ‘Feel My Power’, was a considerable success. With his second studio album, ‘Please Hammer, Do not Hurt ‘Em’, he had outstanding success. 

He continued to produce music, but his later albums did not achieve the same success. Hammer is considered a pioneer of pop rap. He experienced a phenomenal rise to fame and fortune in the 1980s, but quickly lost it all in the late 1990s. He is married to Stephanie and the couple has 5 children.

Today we’re going to discuss how much money MC Hammer has and how he builds his net worth.

At the end of this article, we will also tell you how to get rich like MC Hammer. So be sure to read to the end.

MC Hammer Net Worth 2022

MC Hammer has an estimated net worth of $2 Million in 2022. His main income source is from his career as a rapper, entertainer, dancer, record producer and multi-talented artist. At the height of his career, Hammer sold more than 50 million albums worldwide. Money poured into Hammer’s coffers at an incredible rate as albums flew off the shelves. Hammer earned $33 million in 1991 alone. Today, that equates to earning $50 million in a single year, adjusted for inflation.

Hammer’s personal fortune peaked in the 1990s at $70 million. Most of his fortune was lost to his extravagant spending. 

The musician wasted millions on himself and friends. He bought nearly 20 luxury cars, 21 race horses, a private jet and a helicopter. The renovation of his mansion in California cost more than $30 million, and it had over-the-top features like gold toilets and gold-plated gates that read “Hammer Time” to greet guests. Then there was a bowling alley, a 17-car garage (all those luxury cars have to go somewhere), tennis courts, two swimming pools, a recording studio and more. Although MC Hammer paid only $12 million for the mansion, he later invested another $30 million in it. The estate covered a total of 40,000 square feet.

Moreover, MC Hammer revealed that he even employed 200 people, who cost between 500,000 and one million dollars per month.

During the decline of his rap career, his financial problems also worsened. He got into debt and filed for bankruptcy in 1996. In the bankruptcy filing, he listed over 200 creditors, including former NFL player Deion Sanders, who had allegedly loaned Hammer $500,000. Hammer sold all of his assets at a huge loss, but still has his label and can perform up to 50 concerts a year. 

Hammer is best known for his flashy dance skills and outrageous style. Mc Hammer rose to fame with his second album Please Hammer, Do not Hurt ‘Em, which somehow became the best-selling rap album of all time. Eventually, Hammer earned $33 million. 

He was so dedicated to his rap career that he sold albums out of the trunk of his car. With the advance of $1.75 million from Capitol Records, he became an instant millionaire. His 1990s album Please Hammer, Do not Hurt ‘Em has sold more than 18 million copies to date and is one of the best-selling rap albums of all time. Over the course of his career, Hammer has sold more than 50 million albums.

He is also a preacher and celebrates the weddings of his friends. He co-founded DanceJam.com and has raised $4.5 million in equity for the startup. MC Hammer earns about $600,000 a year. The rapper has also appeared in many commercials for Kentucky Fried Chicken, Apple Music, Command and more.

To calculate the net worth of MC Hammer, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as student loans and credit card debt, are included in total liabilities.

Here’s the breakdown of his net worth:

Name: MC Hammer
Net Worth: $2 Million
Monthly Salary: $60,000+
Annual Income: $700,000+
Source of Wealth: Rapper, Dancer, Record Producer, Preacher, Entrepreneur

MC Hammer Net Worth Last 5 Years

Net Worth 2022: $2 Million
Net Worth 2021: $1.3 Million
Net Worth 2020: $1 Million
Net Worth 2019: $0.7 Million
Net Worth 2018: $0.5 Million

How Did MC Hammer Build His Net Worth?

MC Hammer makes most of his money from album sales. He broke through to fame and fortune with the release of Please Hammer, Do not Hurt ‘Em, the first hip-hop album to sell over ten million copies. By 1991, he was earning over $33 million a year.

Hammer started rapping in the small clubs of Oakland. He borrowed $20,000 from former Oakland A’s players Mike Davis and Dwayne Murphy after a record deal fell through. 

MC With the money he received, Hammer started a record label called Bust It Productions. He sold records from his basement and car to fund the venture. 

After Bust It Productions became Bustin’ Records, MC became the CEO. Feel My Power was MC Hammer’s first album released under his own label. Over 60,000 copies were sold. Let us Get it Started and Ring ‘Em received moderate radio play and became popular tracks in local nightclubs. 

Hammer’s unique and infectious stage persona led to his big break in 1998, when he impressed a Capitol Records executive in the audience at one of his Oakland shows. Hammer signed a recording contract and received a $1,750,00 advance.

Hammer’s next big hit, Too Legit To Quit, was released in 1991. The title track of the album reached the top five of the Billboard 200 and was his biggest hit. In support of the album, Hammer embarked on a huge and lavish tour with Boyz II Men. In one of the most expensive music videos ever made, “2 Legit 2 Quit” featured numerous celebrities. The album became a multi-platinum success. 

MC Hammer released seven more albums, all of which were moderately successful, his last being released in 2009. Hammer has sold more than 50 million records worldwide and toured extensively. Three Grammys have been won by MC Hammer, as well as several other awards, including lifetime achievement awards. Many of his top singles are now used in commercials, advertisements and films.

MC Hammer also tried his hand at entrepreneurship, but was unable to make much money from it. Most of his income came from music, and when it stopped, his earnings seemed to drop quickly compared to those of his peers.

Burrell still releases music and invests in various tech startups despite his bankruptcy, but has not regained the same wealth he had at the height of his career.

How Much Money Does MC Hammer Make From Music, Songs and Albums?

First, MC Hammer makes millions of dollars from his music. But how did he get started? At the age of 11, young Hammer earned regular money doing dance performances in front of the Oakland Coliseum during the A’s home games. 

By chance, he came to the attention of the team’s owner, Chuck Finley, who invited him to watch a game from his luxury box. Finley took a liking to Hammer and eventually hired him as the team’s batboy.

Hammer, who played second base in high school, was also a talented baseball player and later earned a tryout with the San Francisco Giants. He did not make the final roster, however, and the young ballplayer’s hopes of playing in the Major Leagues ended.

Even though he dreamed of becoming a professional baseball player, Hammer never turned his back on music. While working for the A’s, he adopted the nickname “MC” for “Master of Ceremonies” and performed at various clubs when the A’s were out of town. It was also during this time that he was nicknamed “Hammer” because he resembled home run king Hank “The Hammer” Aaron.

After a brief stint at a local college and three years in the Navy working as an aviation stock boy, Hammer returned to Oakland and performed.

With money borrowed from two former A’s players, Mike Davis and Dwayne Murphy, Hammer started his own record label, Bust It Productions. Through this label he released two albums of his own, Feel My Power (1987) and Let us Get It Started (1988), both of which sold so well that the musician was signed to Capitol Records.

After releasing a reworked version of his first album, Hammer went into the studio for his third release, Please Hammer Do not Hurt ‘Em (1990). Although he was already a known quantity on the charts by that time (Hammer’s second release, Feel My Power, achieved sales of more than $2 million), no one could have predicted the success of his third record.

The numbers were staggering: the album sold more than 10 million copies and became the most successful rap album of all time. Led by the wildly popular single “U Can not Touch This,” which sampled Rick James’ “Super Freak,” as well as two other top 10 singles, “Have You Seen Her” and “Pray,” the album made Hammer an international star. Wearing his trademark parachute pants, Hammer performed everywhere, and his record received nonstop radio play.

For Hammer, success meant unimaginable wealth. In 1990, Forbes estimated the young musician’s worth at $33 million. To tap into the album’s success, Hammer produced and starred in a film of the same name. The film tells the fictional story of a rapper who returns home to defeat the city’s biggest drug lord.

Hammer quickly returned to the studio and released his fourth album Too Legit to Quit in 1991. To promote the album, the musician accompanied its release with a lavish tour and expensive music videos. Despite all the glitz and muscle of PR, the album failed to match the magic or sales of his previous work.

As hip-hop evolved as a music form, Hammer tried to keep up. Throughout the 1990s and the first decade of the 2000s, Hammer continued to write and record music. In total, he released more than 10 albums in his long career, but nothing has ever reached the fame and sales figures that his records achieved in the early 1990s.

Hammer’s November 2001 production, ‘Active Duty,’ was a tribute to the victims of the 2001 attacks, followed by ‘Full Blast,’ but neither album had charting singles. ‘Look Look Look’ was released in 2006 and sold 300,000 copies. However, he could not regain the popularity of his first albums. After 2010, he released a few more singles.

How Much Money Does MC Hammer Make From TV Shows and Movies?

Second, MC Hammer makes a lot of money from TV shows and movies. He appeared in many TV shows and movies, including the animated series ‘Hammerman’, ‘Saturday Night Live’, ‘The Right Connections’, ‘Deadly Rhapsody’, ‘The Surreal Life’ and many others. 

He appeared as a dance judge in the show ‘Dance Fever’ (2003). ‘Hammertime’ (2009) was his reality series TV on ‘A&E Network’, which was about his daily life.

How Much Money Does MC Hammer Make From Business Ventures?

Third, MC Hammer makes a lot of money from his business. He founded the ‘Oakland Stable’ for Thoroughbred horses in 1991. He has also been involved in various business ventures, from clothing lines to tech start-ups and product advertising.

In recent years, Hammer, a businessman, has been involved in a number of different business opportunities, from fashion to technology to mixed martial arts. 

Why Did MC Hammer Go Bankrupt?

As quickly as Hammer rose to the top of the musical world, so quickly did he fall from that summit. 

Hammer maintained a lavish lifestyle with a huge mansion in Fremont, California, a sprawling estate, and luxury cars. He also spent a lot of money on his stage shows, his staff, and his relatives. 

Just six years after the success of his breakthrough album, Hammer filed for bankruptcy. In court, he claimed assets of $9.6 million, which were offset by debts of nearly $14 million.

At the height of his spending, Hammer employed 40 people, bought a $30 million home (which was later sold), and owned at least 17 cars and several racehorses. His list of creditors included football star Deion Sanders, who had loaned him $500,000.

In the end, his estate was sold for $6.8 million after he filed for bankruptcy. Hammer was also known for having a large entourage. At the height of his fame, he reportedly spent $500,000 a month on his entourage alone.

Hammer owed $800,000 in taxes and penalties to IRS for income earned in 1996 and 1997 (as of December 2013). Legal documents released to date indicate that every dollar Hammer earns must go to IRS before it is paid to him personally.

Legal Issues of MC Hammer

In February 2013, Hammer was arrested at a shopping mall in Northern California. The arrest followed a verbal altercation with a police officer who had pulled him over in a car that was not registered in his name. A few weeks later, charges against Hammer were dropped.

What Awards Did MC Hammer Receive?

The Single, ‘U Can’t Touch This,’ received two Grammy Awards,’ in the ‘Best R&B Song’ and ‘Best Solo Rap Performance’ category. He won ‘Grammy Award for Best Long Form Music Video’ for his movie ‘Please, Hammer, Don’t Hurt ‘Em: The Movie’ (1990). He has earned 3 ‘Grammy Awards,’ 8 ‘American Music Awards,’ a ‘People’s Choice Award,’ and ‘Billboard Diamond Award,’ among many more.

How Much Are MC Hammer’s Cars Worth?

MC Hammer was the hip hop idol of the 1980s and 1990s – he was worshipped. He thought he would never go bankrupt as he made so much money. His false sense of financial security encouraged him to spend lavishly, which led to his bankruptcy filing in 1996. MC Hammer sold off most of his assets to pay off his debt, but he was pictured in Italy in 2017 with a Rolls Royce.

What Houses Does MC Hammer Own?

MC Hammer bought a house in Fremont, California, for $12 million and spent another $30 million to turn it into his dream home.

Hammer did not skimp on his gilded entry gates, inscribed with the slogan Hammer Time.

The 40,000-square-foot mansion was expanded to include a bowling alley, basketball court, baseball triangle, recording studio, 17-car garage, tennis courts and two swimming pools.

One pool was designed in the shape of his famous baggy trousers.

He installed a gold hot tub in his bedroom and decorated his estate with marble statues of himself.

The star drew inspiration from his travels and outfitted his bedroom with black carpets, marble floors and a pop-up TV.

Hammer found that he had to spend more than he earned, as he was starting to run out of money.

In April 1996, Hammer filed for bankruptcy, listing more than 200 creditors in addition to mounting tax bills.

Hammer sold his home for only $6.5 million – $5.5 million less than he had originally paid for it.

MC Hammer’s Early Life

Hammer was born Stanley Kirk Burrell on March 30, 1962, in Oakland, California. He was the youngest of his 6 siblings and lived in a government housing project in East Oakland. His father, Lewis Burrell, worked as a warehouse supervisor while his mother was a secretary.

As a young boy he was interested in baseball and spent a lot of time at the ‘Oakland Coliseum’, where he danced during breaks. The owner of the ‘Oakland Athletics’, Charles Finley, saw him performing in the Coliseum parking lot and hired the 11-year-old Burrell as ‘Batboy’. Burrell’s resemblance to baseball player ‘Hammerin’ Hank Aaron earned him the nickname ‘Hammer’.

The ‘MC’ part came from ‘Master of Ceremonies’ as he performed at various clubs while on the road with the A’s.

During high school he played baseball (second base) and wanted to become a professional player, but was not selected. After graduating from high school, he began studying communications, but later enlisted in the U.S. Navy and served for 3 years as an aviation storekeeper.

MC Hammer’s Personal Life, Wife and Family

Hammer has been married to Stephanie Fuller since 1985. They have five children together and live in Tracy, California.

How Much Money Does MC Hammer Make a Year?

According to some reports, MC Hammer’s annual income is over $700,000.

FAQs About MC Hammer

How rich is MC Hammer?

As per the record of media, MC Hammer’s net worth is estimated to be around $2 Million in 2022.

How tall is MC Hammer?

MC Hammer is 1.82 m tall.

How old is MC Hammer?

MC Hammer was born March 30, 1962, in Oakland, California, United States. He is 60 years old as of 2022.

What is the real name of MC Hammer?

His real name is Stanley Kirk Burrell, he is better known by his stage name MC Hammer.

What does MC Hammer do for a living now?

Hammer has his own record label now, and still plays about 50 shows each year. 

Favorite MC Hammer Quotes

We got to pray just to make it today.

MC Hammer

 

Every time you see me that Hammer’s just so hype

I’m dope on the floor and I’m magic on the mic

MC Hammer

 

I always believe that the sky is the beginning of the limit.

MC Hammer

 

Technology is important because it creates the future. We’re able to be a part of the “next” and create things that don’t exist.

MC Hammer

 

This is it for a winner, Dance to this and you’re gonna get thinner, Move slide your rump, Just for a minute let’s all do the bump, Bump, bump, bump yeah.

MC Hammer

 

A long time ago, I made the commitment to dedicate at least one song per album to God. He has been very good to me, and never for one minute do I want Him to think I’ve forgotten, because I haven’t.

MC Hammer

 

Dance to this and you’re gonna get thinner.

MC Hammer

 

I have my eye on everything that’s of the moment. All the dances, I can do everything that they’re currently doing but still keep it smooth. So, I really made it something you can dance to in the summer time but keep it comfortable. You’re going to be fly but you don’t have to sweat hard and at the same time the song is real sexy.

MC Hammer

 

I ain’t guilty cause, even though I sell rocks

Yo sound the bells school is in sucker

MC Hammer

 

If kids say I’m just a gospel rapper, I won’t be able to get in their cars.

MC Hammer

View our larger collection of the best MC Hammer quotes.

Further Reading

Related Lists of Celebrities’ Net Worth

Or, browse all celebrities’ net worth.

How To Become Rich Like MC Hammer?

MC Hammer did not become rich by luck. To become as rich as MC Hammer, you have to work smart.

Successful people become rich because they take advantage of the opportunities that come their way. They are in the right place at the right time and take the right action.

Thanks to the Internet, the world has changed massively in recent years. Nowadays it has become much easier to make money online.

Instead of looking for a 9-5 job and staying in your comfort zone, it’s better if you become your own boss as soon as possible.

You can learn how to build a digital asset that generates cash flow for you while you sleep to grow your wealth quickly.

If you seize this golden opportunity in time, you can become as successful as MC Hammer one day.

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