Facts of Mc Hammer
|Full Name||MC Hammer|
|Birth Name||Stanley Kirk Burrell|
|Other Name||MC Hammer|
|Profession||Rapper, Record Producer & Entrepreneur|
|Birth City||Oakland, California|
|Birth Country||United States|
|Awards||Grammy Award for Best R&B Song,American Music Award for Favorite Album Soul/R&B|
|Sibilings||Louis Burrell, Chris Burrell|
|Education||McClymonds High School|
|Date of Birth||March 30,1962|
How Much Is MC Hammer's Net Worth?
As of July 2019, MC Hammer owns the net worth of around $2 million. Stanley Kirk Burrell better known for his stage name MC Hammer is an American rapper, hip-hop recording artist, record producer, and entrepreneur. Professional since 1985, the 3-times Grammy Winner made a rapid rise to fame and was one of the commercially successful personalities in the late 80 and the 90s.
Till date, the American hip-hop artist has released 6 studio albums including the 10 times RIAA Platinum-certified album Please Hammer, Don't Hurt 'Em and hit songs "U Can't Touch This" and "2 Legit 2 Quit".
Even though, the rapper was worth more in the past, his unmanaged expenses on luxuries swept away a mass of his fortune that led him to file bankruptcy once.
Hammer's Net Worth Marks $1.5 Million in 2020: His Income Sources & Earnings
With a trademark of flashy dance moves and Hammer pants, MC Hammer once owned a net worth of around $33 million in the early 90s.
According to Celebrity Net Worth, Hammer has an estimated net worth of around $1.5 million as of July 2019. The main source of his income is albums sales as well as record producing, but uncontrolled expenses led him to bankruptcy which he never recovered well.
Most often, his fortune is compared with another American rapper DMX which owns a net worth of $10 million, who once filed bankruptcy in 2013.
Starting his career from a Christian rap music group Holy Ghost Boys with CCM's Jon Gibson, Hammer released an album Feel My Power in 1987.
Later, MC Hammer was signed by Capitol Records earning him $1.75 million for the deal. With Capitol, the American rapper re-released his Feel My Power albums as Let's Get It Started and got RIAA Platinum-Certification.
Till date, he has released 6 studio albums: Let's Get It Started (1988), Please Hammer, Don't Hurt 'Em (1990), Too Legit to Quit (1991), The Funky Headhunter (1994), Inside Out (1995) and Family Affair (1998).
Among them, Please Hammer, Don't Hurt 'Em became 10-times Platinum-Certified by RIAA while album Too Legit to Quit earned 3-times Platinum certification from RIAA.
As reported, following a decade of filing bankruptcy, MC Hammer sold his music catalog (with around 40,000 songs) in 2006 to Evergreen/BMG for $3 million.
Apart from the music career, he also has notable movie appearances in One Tough Bastard (1996), Reggie's Prayer (1996), the Showtime film The Right Connections (1997), Deadly Rhapsody (2001), Finishing the Game (2007) and 1040 (2010).
Earnings From Album Sales
Check out MC Hammer's earnings from album sales:
|Feel My Power (1987)||60,000 copies||$64,000|
|Let's Get It Started (1988)||2 million||$2.2 million|
|Please Hammer, Don't Hurt 'Em (1990)||14.5 million copies||$14.7 million|
|Too Legit to Quit (1991)||5 million copies||$5.5 million|
|Look Look Look (2006): Independent album||300,000||$306,000|
Assets, House, Cars, Lifestyle & Expenses
Currently, MC Hammer lives along with family in his house in Tracy California. The rapper bought 2,653 sq. ft. house in 1995 for $395,000, which now is estimated to be worth $789,000.
Sources cite that he also owns another property in Cleveland, Ohio.
As reported, back in 1997, he was forced to sell his Xanadu-like home in Fremont, California for a $5.3 million after bankruptcy him hard.
Originally, the rapper had spent $12 million to build the 11,000 sq. ft. mansion.
During his days, when MC Hammer made millions of dollars per year, he used to live much more lavish lifestyle and owned an impressive collection of luxury cars like Maserati GranTurismo, Jeep Wrangler, and Rolls Royce.
Meanwhile, the details of his car collection are not out.
Back in 2007, Hammer co-founded Menlo Park-based (Silicon Valley) community site DanceJam.com focusing on dancing video competitions, techniques, and styles. Before the site closed on January 1, 2011, it had received $4.5 million in total equity funding.
As reported, his expenses on massive luxury, costly clothes and unvalued assets led him to bankruptcy.
Tax & Insurance
Since MC Hammer lives in California and owns a property in the State, he is liable to tax policy: property and income tax.
Well, his Tracy, Calfornia residence seeks 0.793% of its assessed value as property tax, accompanied by the house insurance premium of $521- $705 per year.
Sources report that upon his $100,000 yearly revenue, Hammer has to pay $19,600 as income tax.
Filed For Bankruptcy & Reasons
Despite earning $30 million in 1991 as commercial success of his third album Please Hammer, Don't Hurt 'Em (1990), MC Hammer filed for bankruptcy in 1996.
The rapper was reported $14 million in debt which included $500,000 loan from football star Deion Sanders and $500,000 to a lawyer. For a fact, back in the mid-80s, he had also borrowed $20,000 each from former Oakland A's players Mike Davis and Dwayne Murphy.
From 1991 to 1996, MC Hammer had spent $50 million: a monthly $500,000 entourage and an annual $6.8 million expenses for 200 people who worked in his Fremont estate (built for $12 million); the mansion was later forced sold on $5.3 million.
Apart from these, MC had a tax lien of $800,000 for 1996-1997 as per IRS in December 2013.
Also, The State of California issued a lien of $500,197 on back taxes for 1991-1994 while Alameda County sought for a lien over $230,000.
Check Out: Famous Celebrities Tax Frauds In History
Endorsements & Charity Works
The American hip-hop artist surely has earned him a queue of endorsement approaches. Currently, he is the face of 3M's Command-Line products and Starburst candy and also worked for its ads and campaigns.
Though, Hammer is yet to open up the detail about his earnings from endorsement deals. As reported in 2012, he endorsed the SAFE California Act, which could replace death penalty if passed.
Apart from these, Hammer is also active in charity works and has associations with many non-profit organizations like Be-Do-Have Foundation, The Black Eyed Peas Foundation and Tiger Woods Foundation.
Well, he has low-key participation in many donations and fundraising events.
MC Hammer's Personal Life: Age, Height, Education, Family, Wife, Children & Relationship
Born on March 30, 1962, in Oakland, California, the USA, MC Hammer's real name is Stanley Kirk Burrell. His father was a professional poker player and gambling casino manager while mother was a secretary.
Hammer aka Burrel was raised by his mother alongside his 8 siblings in a small apartment in East Oakland. His family became thoroughbred horse races and later became owners of several graded stakes.
The attendant local high school in Oakland, MC Hammer later took undergraduate classes in communications. Thereafter, he went to serve in the US Navy for 3 years before the music career took on.
He holds American nationality and is of African descent. As of July 2019, MC Hammer's age is 57 and has a height of 5 ft. 11.5 inches (182 cm).
Married Life, Wife & Children
Well, Hammer is a happily married man and enjoys a blissful relationship with his wife of 38 years, Stephanie Fuller. The duo met at a church revival meeting and later married on December 21, 1985.
Together, he and his wife Stephanie share 5 children together, sons: Bobby, Jeremiah ad Sammy and 2 daughters: Sarah & A'keiba.
His family member also includes Hammer's nephew Jamaris and cousin Marv. They live in a large ranch-style abode in Tracy, California.
As for a fact, MC's father, back in 1991 Superbowl, had encouraged him to marry Whitney Houston.
Did you know? MC Hammer is one of the earliest celebrities to join the social media platforms like Facebook, Instagram & Twitter.