10 Famous musicians that went broke (With Pictures)

5. MC Hammer

MC Hammer is one of several famous musicians featured in this piece who have denied to have ever been as “down and out” as has been suggested in the media. What Hammer thinks on that subject can be his opinion, but what is known is that he filed for bankruptcy protection in 1996. Hammer was a cultural icon just six years earlier, and the single “U Can’t Touch This” helped make him a star who transcended just the music scene. Everything from television shows to SportsCenter highlights featured Hammer references when he was on top of the entertainment industry.