MC Hammer

Another famous rapper who used to have everything is MC Hammer. Born Stanley Kirk Burrell, MC is not only a rapper. He is also a dancer, record producer, and entrepreneur. He experienced tremendous commercial success and popularity back in the late 1980s to the early 1990s. Who can ever forget the iconic song U Can’t Touch This? MC Hammer is an award-winning winner, is considered a pioneer and innovator of pop-rap, and is the first hip-hop artist to obtain a diamond status by virtue of his album.

He used to cash in money here and there. He had $30 million net worth at the time, but those days are now gone. The 58-year-old star reportedly spent most of his fortune on lavish things instead of making different investments. He used to have an extravagant lifestyle that emptied his bank account. According to reports, he had $13.7 million of debt.