The Ford (of automobile fame) family are still rich. About 129 family members collectively worth around 2 billion according to Forbes. The DuPont family got about 3,500 members and collectively around 14 billion. The Rockefeller family collectively are worth over 8 billion.
There are also 1000s and 1000s of white families that have remained millionaires for 3 generations. We have had many Black millionaires going back over a hundred years. Every single story I hear about a successful black person from a hundred years ago, even 50 years ago, are no longer rich. It's a sad ending. Madame CJ Walker, and others. I am sure there are some black families who have maintained generational wealth for 2 or 3 generations but its not many. Not enough I would suggest to make a difference. We know why in part: white supremacy. But its not the whole story.
We have many, many black people these days who are worth 10s of millions, even hundreds of millions. 40 years ago, most black NBA and NFL players were broke with 5 years after retirement. Broke - ESPN Films: 30 for 30
Now we have athletes so rich, it's almost impossible to go broke. Shaq is worth over 300 million. Michael Jordan is a billionaire. Dr. Dre, Ice Cube, Jay Z and other entertainers are worth hundreds of millions if not billions. However, can you think of any extremely wealthy black person who you think their children will maintain the wealth, if not build on it and have it last 3 generations?
You have some who married white so that money goes back to a white widow (Tiger Woods, and others). Some of the kids...well...do you think Magic's son CJ, Dwayne Wades's "son/daughter" or Herschel Walker's "son" is going to flip that bag they inherit? The Obama's daughter is bedwenching. A lot of the daughters are marrying white men.
Oprah, and other single very rich don't even have kids or a husband.
So, we are making more money than we have ever made. Some of us, not the masses but some of us. A fair number of blacks worth 10 mil or more. Then others who are worth a couple mil from all manner of work as doctors, business owners, etc.
I looked around my family. I don't have kids but I have younger cousins, nephews, etc and I can't think of anyone sadly who I would trust to flip the little I leave. It's not Elon Musk money but its a 'decent' amount.
Reparations will help a great deal. But as of now, can you think of any very rich, multi-millionaire blacks who you think their wealth will last 3 generations?
There are also 1000s and 1000s of white families that have remained millionaires for 3 generations. We have had many Black millionaires going back over a hundred years. Every single story I hear about a successful black person from a hundred years ago, even 50 years ago, are no longer rich. It's a sad ending. Madame CJ Walker, and others. I am sure there are some black families who have maintained generational wealth for 2 or 3 generations but its not many. Not enough I would suggest to make a difference. We know why in part: white supremacy. But its not the whole story.
We have many, many black people these days who are worth 10s of millions, even hundreds of millions. 40 years ago, most black NBA and NFL players were broke with 5 years after retirement. Broke - ESPN Films: 30 for 30
Now we have athletes so rich, it's almost impossible to go broke. Shaq is worth over 300 million. Michael Jordan is a billionaire. Dr. Dre, Ice Cube, Jay Z and other entertainers are worth hundreds of millions if not billions. However, can you think of any extremely wealthy black person who you think their children will maintain the wealth, if not build on it and have it last 3 generations?
You have some who married white so that money goes back to a white widow (Tiger Woods, and others). Some of the kids...well...do you think Magic's son CJ, Dwayne Wades's "son/daughter" or Herschel Walker's "son" is going to flip that bag they inherit? The Obama's daughter is bedwenching. A lot of the daughters are marrying white men.
Oprah, and other single very rich don't even have kids or a husband.
So, we are making more money than we have ever made. Some of us, not the masses but some of us. A fair number of blacks worth 10 mil or more. Then others who are worth a couple mil from all manner of work as doctors, business owners, etc.
I looked around my family. I don't have kids but I have younger cousins, nephews, etc and I can't think of anyone sadly who I would trust to flip the little I leave. It's not Elon Musk money but its a 'decent' amount.
Reparations will help a great deal. But as of now, can you think of any very rich, multi-millionaire blacks who you think their wealth will last 3 generations?
