Ron from a Different World was out here fukking up Millions

[Doobie Doo]

I ain't know this





Most of you all know the photo on the right, Actor Darryl Bell A.K.A. Ron Johnson on the popular show A Different World. But did you know that his father was the Co-Founder of the first black member firm on the NYSE in 1971? With only $175K in capital, he developed Daniels & Bell Inc., a securities firm on Wall Street that was worth nearly 15 million by the time of his passing in 1988. Travers was also a major shareholder in Freedom National Bank and Cocoline Chocolate Co. (the company that made chocolate chips for Nabisco).
When Travers passed away at the age of 46 from a heart attack, he left his multi-million dollar business to his son Darryl (That was a mistake). However, Darryl ended up losing most of his dad’s millions due to inexperience. Darryl would eventually dwindle his father's assets down to nothing. There is a lesson in this for all of us, if we do not teach our children how to maintain the assets that we have earned throughout our life, it will eventually become a liability for the next generation. #financialsocialworker #askthissocialworker #lovingwhatido

 

[3rd Ward Swangin]

My mom told me about this back in the day. I had never heard this story in full detail.

 

[Marco Zen]

Wow

 

[SleezyBigSlim]

Did he squander his inheritance or was it taken from him?

 

[3rd Ward Swangin]

Did he squander his inheritance or was it taken from him?

From what I heard he squandered it.

 

[IsThatBrothaMouzone?]

I ain't know this





Most of you all know the photo on the right, Actor Darryl Bell A.K.A. Ron Johnson on the popular show A Different World. But did you know that his father was the Co-Founder of the first black member firm on the NYSE in 1971? With only $175K in capital, he developed Daniels & Bell Inc., a securities firm on Wall Street that was worth nearly 15 million by the time of his passing in 1988. Travers was also a major shareholder in Freedom National Bank and Cocoline Chocolate Co. (the company that made chocolate chips for Nabisco).
When Travers passed away at the age of 46 from a heart attack, he left his multi-million dollar business to his son Darryl (That was a mistake). However, Darryl ended up losing most of his dad’s millions due to inexperience. Darryl would eventually dwindle his father's assets down to nothing. There is a lesson in this for all of us, if we do not teach our children how to maintain the assets that we have earned throughout our life, it will eventually become a liability for the next generation. #financialsocialworker #askthissocialworker #lovingwhatido

Damn...all the jokes about Ron taking over his dad's car dealership were sorta "on the nose" for his real life.

That happens with most families. $15 million is just enough money to live comfortably but would be easy to squander with one bad move.

My guess is that his pops, coming from that generation, had to be a financial whiz/genius. Darryl might be above average but dudes smarter than him have lost MUCH larger fortunes.

 

[Houston911]

Never knew this

 

[humminbird]

damn

 

[KingFreeman]

A whole lot of black folks in entertainment since the earliest days come from families with bread. The 'down' image most of them take great efforts to cultivate is just for show.

Yall would be surprised.

 

[Crude]

The dad probably should have put that money in a trust like a lot of those rich cacs do for their kids and put certain stipulations on it and made him wait until he was 30-35 years old or so until it matured.

 

[L&HH]

How do you know his father didn't try to teach him? It don't matter how much you teach someone you can't make them understand. And even if they do it won't stop them from making bad decisions. This type of shyt happens all the time.

 

[Vandelay]

The paragraph says inexperience, tryna figure out if he was trying to manage the business or if he just inherited the money and fukked it off.

If his dad didn't die at 46, I'm sure more checks and balances in place, showed his son a better path, and quite honestly grew that fortune even more. Damn shame all around.

 

[Field Marshall Bradley]

So is this a hit piece or what?

 

[ABlackMan]

How you lose millions man nothing is out here lmfaoooo

 

[MJ Truth]

I ain't know this





Most of you all know the photo on the right, Actor Darryl Bell A.K.A. Ron Johnson on the popular show A Different World. But did you know that his father was the Co-Founder of the first black member firm on the NYSE in 1971? With only $175K in capital, he developed Daniels & Bell Inc., a securities firm on Wall Street that was worth nearly 15 million by the time of his passing in 1988. Travers was also a major shareholder in Freedom National Bank and Cocoline Chocolate Co. (the company that made chocolate chips for Nabisco).
When Travers passed away at the age of 46 from a heart attack, he left his multi-million dollar business to his son Darryl (That was a mistake). However, Darryl ended up losing most of his dad’s millions due to inexperience. Darryl would eventually dwindle his father's assets down to nothing. There is a lesson in this for all of us, if we do not teach our children how to maintain the assets that we have earned throughout our life, it will eventually become a liability for the next generation. #financialsocialworker #askthissocialworker #lovingwhatido

I gotta imagine if he died at 46 of a heart attack he simply didn’t have enough time to teach his son the business, and that Darryl must have been very young to be running that type of operation. Gotta assume if he lived another 16 years it’s totally different.