christianconservativevalues
christianconservativevalues

How MC Hammer Lost His Millions

The following video is brought to you courtesy of the TheRichest YouTube Channel. Click the video below to watch it now.

MC Hammer was once worth $70 million, but excessive spending and a floundering career led to huge financial problems for the famous rapper. MC Hammer spent millions at the height of his career and didn’t save anything. He spent so much that he soon found himself $14 million in debt. MC Hammer’s luxurious mansion featured a gold hot tub, gold toilet, marble statues, and even a swimming pool shaped like MC Hammer’s iconic parachute pants. MC Hammer’s spending problems soon got the best of him and he was forced to sell all his possessions and file for bankruptcy protection in 1996. His former mansion ended up selling for just $5.3 million, which was far less than what MC Hammer had paid for the property. MC Hammer spent millions of thoroughbred horses and expensive supercars. Each of MC Hammer’s horses cost a minimum of $250,000 and many had price tags much closer to $1 million. His horse Dance Floor cost about $1 million. Not surprising considering the colt placed 3rd at the 1992 Kentucky Derby. MC Hammer’s horse Lite Light won the Kentucky Oaks in 1991 and was estimated to be worth $1,231,596. He also owned two helicopters, a private jet, and a luxuruous stretch limo. MC Hammer’s financial problem continued for years. The IRS even came after him for back taxes and MC Hammer had to pay up. Despite all this, MC Hammer didn’t give up. His fortune was gone but he kept going. He eventually started to see success again and now he’s worth about $1.7 million. Keep watching to see how MC Hammer blew his massive fortune.

Subscribe for more amazing videos! ► http://bit.ly/Subscribe-to-Richest ◄

Written by: Rob Cramer
Narrated by: Craig Freeman
Edited by: Marcela Medina Saenko
Animated by: Marcela Medina Saenko

For copyright matters please contact us at: legal@valnetinc.com

CHAPTERS:
00:00 Intro
00:37 MC Hammer
02:07 Excessive Spending
03:08 Extravagant Mansion
04:22 Horse Racing
05:03 Costly Crew
05:22 Filing for Bankruptcy
06:02 The Taxman Cometh
06:47 MC Hammer’s Comeback”

The Richest

The Richest

Leave a Reply

Recent Posts

Trump Supporters: Get Your 2020 'Keep America Great' Shirts Now!

Are you a proud supporter of President Donald Trump?

If so, you’ll want to grab your 2020 re-election shirt now and be the first on your block to show your support for Trump 2020!

These shirts are going fast so click here to check for availability in your area!

-> CHECK AVAILABILITY HERE


More Popular Stuff for Trump Supporters!

MUST SEE: Full Color Trump Presidential Coin (limited!)

Hilarious Pro Trump 'You are Fake News' Tee Shirt!

[Exclusive] Get Your HUGE Trump 2020 Yard or House Flag!

<