Famous Celebrity Bankruptcies

These famous celebs lost millions on bad deals or spending way too much

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Famous Celebrity Bankruptcies

Famous Celebrity Bankruptcy #5: MC Hammer

The rapper famous for “Can’t Touch This” found the phrase didn’t apply to his money. Though the early 90s made him a millionaire (with some $33 million), his lavish spending — including dropping funds for sports cars and private planes — caught up with him and by 1996 he declared bankruptcy.

He’s since rebounded due to his music rights, though is estimated to be only worth more than $1 million.


Article printed from InvestorPlace Media, http://investorplace.com/2013/11/famous-celebrity-bankruptcies/.

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