Vince Young: Made $40 million throughout an NFL career that lasted 6 years. Then ask the students how long they think it will take until he is completely broke? $9.6 mil (not counting his entourage expenses) Remaining Net Worth 48 months 4 If MC Hammer did not make any more money, how long would it take until he would go completely broke? At a spending rate of $200,000 per month his money will last how many months ($9,600,000 divided by $200,000)? MC Hammer would run out of money in approximately 4 years Total Wealth $32 mil $12 mil House Total amount of money spent by MC Hammer amounted to $22.4 million $ 2 mil Cars $ 2.4 mil Helicopters $ 4 mil Parties $ 2 mil Racehorses **This slide is animated to advance each line upon the click of the mouse** Review what MC Hammer spent on each item and how much he has left over NOT including payment for his entourage. Challenge them to explain why and how he could have eliminated certain expenses. Ask students to discuss which of these expenses Hammer might easily have eliminated from his budget. Students can be challenged to go online to examine cases of other major entertainment personalities who earn six figure incomes and yet wind up in financial straits and bankruptcy litigation.įLEET OF 17 AUTOMOBILES 2 HELICOPTERS INVESTMENTS IN THOROUGHBRED RACEHORSES EXTRAVAGANT PARTIES HUGE ENTOURAGE OF 20 PEOPLE (MOST OF WHOM WERE ON HIS PAYROLL) These are the various expenses that MC Hammer spent his $20 million on.
He is also famous for the poor management of his personal finances. After the purchase of his $12 million home, MC Hammer was left with approximately $20 million, which was supposedly squandered on other things such as: You may want to ask the students if they are familiar with MC Hammer (surprisingly many students are) and let them know he was a famous rap/pop artist from the 90’s. Presentation on theme: "MC Hammer – The Good Life"- Presentation transcript:ĭue to the success of the “Please Hammer Don’t Hurt ‘Em” album, MC Hammer made about $32 million in total income.
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