MC Hammer has gotten a lot of negative attention over the years, mainly due to tax issues. But what a lot of people don’t know is that he is actually doing some pretty amazing things. The former hip-hop star was an investor in Square, Bump Technologies and the website DanceJam.com.
The companies are doing very well, and he seems to be doing better than most when it comes to allocating his money in a way that actually lets him make dough in his sleep. Hammer understands that there is a great deal of money to be made in tech, and that this is the time to go for it. He and a long pile of other celebrities are taking advantage of these opportunities.
This video below shows Hammer speaking to students at Stanford, explaining how he was able to make so much money. Maybe the rest of us can learn a thing or two: They say money doesn’t grow on trees, but if you plant enough financial seeds, you can actually build a few money trees that pay off you and your family for a lifetime.
Hammer is killing it as a great investor.
Good for him.