HAMMER’S MONEY SHOCKER

From rags to riches to rags is the theme of MC Hammer’s August 1997 “Behind the Music” episode.

The “U Can’t Touch This” singer famously squandered his estimated $33 million net worth in less than five years, including on a sprawling estate and a collection of vintage cars, culminating in him filing Chapter 11 in 1996.

And in addition to his extravagant spending, Hammer blamed his misfortunes on his money-grubbing entourage.

“When you’re dealing with lots of money, you can’t watch everybody,” Hammer says on the show, noting that he had over 200 “friends” on a payroll totaling more than $500,000 a month. “And when you can’t watch everybody, watch out.”