Today in Hip-Hop: MC Hammer Files for Bankruptcy

On this day in hip-hop history... 1996: Back in the late 1980s, you couldn't turn on a radio without hearing a song from MC Hammer. The California rapper with dancey crossover appeal was ruling the charts with hits like "U Can't Touch This" and "2 Legit 2 Quit." He was the first hip-hop artist to achieve diamond status on an album, selling more than ten million records, with his 1990 album Please Hammer Don't Hurt 'Em. And because he was such a huge success, that meant Hammer was also massively wealthy. Forbes magazine estimated the singer's net worth to be $33 ...

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