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The MC Hammer Bankruptcy That Wiped Out a 33 Million Dollar Fortune
At his peak, MC Hammer was earning around 33 million dollars a year. By 1996, he had filed for bankruptcy. Court records show he owed roughly 13 million to creditors. He had spent it on a 200-person entourage, mansions, and racehorses. Hammer has openly discussed the collapse in interviews and documentaries. He never hid from it. He returned ...
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