Ron from a Different World was out here fukking up Millions

[invalid]

with your boule obsession, one would think you’d be better at spotting who is and who ain’t.

 

[RedCloakBlackWraithe]

A whole lot of black folks in entertainment since the earliest days come from families with bread. The street image most of them push is just for a payday.

word, cause otherwise how could you have the audacity to wanna be an entertainer...

 

[Sonic Boom of the South]

Damm

 

[AtlienInTheGoodieMob]

Inexperience I believe it he was probably trying to live up to his pop legacy. Guarantee he had some snakes in his face watching him fukk and smiling about it

 

[ORDER_66]

WHAT?!!?

 

[R.E.N. Spells Ren]

That 15 million was worth way more money in'88 than 15 million is worth now.

All he had to do is do what his father did and he could've been still been spending money from '88 or better yet borrowing money using assets as collateral and writing off the interest on his taxes.

Yea, but that 15 million was reduced by like 40% thanks to the estate tax

 

[Field Marshall Bradley]

his daddy is from the projects. my people were professionals so they certainly weren’t talking to people from the projects.

 

[Umoja]

You need to start the transition period whilst you're still alive.

People are like animals. Once the person in charge is no longer around, they see an opportunity or lose faith in the sense of direction.

You might inherit the money, but the goodwill, trust and respect doesn't come with it.

 

[invincible1914]

Sounds like pops passed it over to him, but never showed him the ropes.

 

[getmoney310cpt]

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.

exactly..46 is very early especially in regards to what he was building..that also means his son was very young..I understand how it happened how it did no one to blame really

 

[Bledswole]

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.

15 million is enough to just live comfortably? nikka for who? 15 million is life changing and enough to live GREAT if you do it right

 

[Cadillac]

stupid ass son

 

[Wiseborn]

Yea, but that 15 million was reduced by like 40% thanks to the estate tax

That was easily avoidable. Since his pop's died so young he might not have had a trust set up

 

[HTXBreh]

His family played a big part in the companies downfall ,and the father was working tax magic read beyond the social media blurb brehs.

 

[R.E.N. Spells Ren]

That was easily avoidable. Since his pop's died so young he might not have had a trust set up

How is the estate tax easily avoidable?

Setting up a trust doesn’t let one get around estate taxes