39. Hiring the Neighborhood
Rapper MC Hammer reportedly earned $33 million after the success of his 1990 album “Please Hammer, Don’t Hurt ‘Em,” according to Time. But, he filed for Chapter 11 bankruptcy in 1996.
On the “Opie & Anthony Show,” MC Hammer said he went through the money “giving back to the community.” He was paying 200 employees. It was the crack era, violence was rampant and death was a regular thing in his neighborhood. So, he said he took people out of his community and gave them jobs. Unfortunately, the strategy was ultimately unsustainable.
Pages: Page 1, Page 2, Page 3, Page 4, Page 5, Page 6, Page 7, Page 8, Page 9, Page 10, Page 11, Page 12, Page 13, Page 14, Page 15, Page 16, Page 17, Page 18, Page 19, Page 20, Page 21, Page 22, Page 23, Page 24, Page 25, Page 26, Page 27, Page 28, Page 29, Page 30, Page 31, Page 32, Page 33, Page 34, Page 35, Page 36, Page 37, Page 38, Page 39, Page 40, Page 41, Page 42, Page 43, Page 44, Page 45, Page 46, Page 47, Page 48, Page 49, Page 50, Page 51
