15 Celebrities Who Went Bankrupt

MC Hammer

The flamboyant musician earned $33 million in the early 1990s, but quickly blew all his cash, aided in part by his purchase of two private helicopters.  It’s not easy when you’re in your 20s, have an amazingly successful album and have absolutely no idea what to do with all of your money.  In this particular instance, Hammer had the posses, the homes, cars, and all the other glitz many celebrities have.  The issue is that he spent way more than he should have and got in hot water for it.

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