@@krisurya @jgj5369 he got the money to have the lawyers and accountants to properly and intuitively set it straight for them. This stuff is usually a pain and not all families have the luxury of time and money to sort this stuff out. Quincy lived till 91 years old. he had time to set this all up
Quincy a legend for that. I see a family going through it because the mom didnt leave a will. 4 houses ended going to the state and the family is falling apart
Some family's fall apart over money , I watched his Finding your roots, where he came from and now his family is taking care of for future generations of his family
@patriciaredmond3996 they fall apart when it's not organized. The mom couldnt decide how to split anything do she never made the will and her death caused so much chaos. Family members that were living in the houses forced out by the state. Family members who she didn't mind living there while she was alive .
@@HandMeDeals it's such a shame, a will is so important, at the same time kids hating each other over land and money is heartbreaking, I'm in Ireland,my mother was executor of my grandmothers will, she's the youngest but considered the most trustworthy which she was, the older kids never accepted the dividing up equally just because it was my mother, it really makes you think about when we're gone
Marc is crazy! You work hard throughout your life so you can leave your legacy to your kids. Idgaf if they spend all the fortune in 1 day. That’s between them. Quincy done is part and will be resting in peace..
My kids getting all my 500mil! Why is this even a discussion? If you don’t like your kids, that’s your problem. White people are generations ahead of black in wealth and you’re talking about give it away, they don’t need it… Plus I hate when people say they’d do what they do for free… then do it for free then.
And he referenced a man who is still alive. 🤦🏽♀️ Warren Buffet is definitely leaving his family more than $10M he just trying to encourage and motivate them to have their own lives.
He earned it so he choose how he wanted to spend it. Why is this even a discussion?? Tori Spelling's father didn't leave them much of anything. They got like 100k or something and this widow, Candy, got everything. Is that what you wanted Q to do??? It's nothing wrong with his kids having his money.
I never understood the notion that if you have money you are expected to be a philanthropist, it’s their money that they worked for so its up to them what to do with it. People do the same with bezos and elon it makes no sense
because when ur making a whole lot of money like alot of them, they save more on taxes by donating to charities. so in itself it becomes somethin like philanthropic work. theres obviously more to this, im just giving the small of it.
Joe probably right. It probably is 83 million because the half a billion in assets would give them all about 71 million but that’s not counting insurance policies he probably had as well.
They each getting roughly 71.4 million dollars, that’s very well done, they don’t have to worry about shit but trying to build and / or keep the legacy alive some how
Give it back to society? Yeah right. Society taxed me millions upon millions. So society got their share. The rest going to my family and they can spend it anyway they want. Not giving it to strangers after I worked hard. Please
What’s funny is nobody knows anything about the inner workings of that family, the kids are grown and some are in the industry. If they wanted to donate portions of the money to organizations they still can like be fr 😂and if they dont guess what…its THEIR money lmao
I disagree with the fact they said we’re in the age we’re we/kids don’t kno how to hustle! Never in my 44 years i see more millionaire teens/kids than adults! These kids definitely kno how to get to it! It’s wut they do AFTER is the problem! All facts
Yo I think it’s sad Mark doesn’t understand generational wealth, wealth is passed down to be managed and invested by the next generation as custodians, to grow and provider for further generations. giving money away from your family is ignorant af to me. black people who think like this won’t get us anywhere.
So why not do it while you’re alive, so you can see it actually happening. Then leave the kids the rest. There’s no obligation to helping anyone outside of yourself and family(IF you choose to) so helping others is great thing to behold. Granted my kids would get the major bulk of those funds.
You can send 1,000 black kids to college, put 1,000 single mothers in homes, start 50 different foundations to help inner-city at-risk youth, pay off the debt of another 1,000 college students who just graduated, done a few million dollars to help house and feed homeless people all over America... and your kids would still be filthy rich. You can start a foundation to help whatever cause you are passionate about, and leave some M's to it. And your kids would still be filthy rich. YOU CAN DO BOTH. You don't have to choose. And when you reach a certain level--- you have a responsibility to do both. AND YOU SHOULD DO BOTH.
Put it in a trust so it moves through the courts and they don't pay inheritance tax. He's smart and I wish out black community did the same thing. That's why I'm in school to be a trust lawyer.
02:00 He could have started a charitable/philanthropic foundation and named his kids as board of trustees, so the nearly $500 million could accrue interest and as a family they could continue to "invest in society." I feel that's how a lot of other uber wealthy ppl might handle it with less name value, bc they would be more interested in legacy. Maybe bc QJ has so much name value and has had such an undeniable cultural impact/contribution, legacy isn't a thing he even cared about... his legacy is achieved? It was just money to him?
@@francisavilez4435 I mean, I hear you but there are pros and cons. You could avoid inheritance tax and in a way, the whole sum would earn more and the board positions could be paid? It could be a way to keep money and make money and still take care of his kids and give back to society.
Running a foundation is not an easy job especially that amount of money that’s in it… I wouldn’t want to die and place burden on my kids. Just straight give them the money so they have a choice?
@@ninjadude648 That is a conversation they would have had to have before his death but none of them would have to had singularly run it. Someone outside of the family could have... I don't know, it's hypothetical bc he could have done it a lot of ways. LOL. Not saying he should've done any one thing for moral reasons, just saying financially, there are benefits to trusts and foundations and philanthropy in general... but it's their money and I'm sure he had financial advisors! So this is financial speculation just for the fun of it, choose-your-own-adventure money talk.
He did it exactly the way he was supposed to do it.
Facts!!!!
I can't believe this is a debate. Man leaves all his money to his children and it's a controversy. WTF do really arguing that
Yes I would leave my money to my children and husband (when I get married).
Quincy ensured his family is taken care of even after death…A real man.
I mean don’t most parents do that.
@@krisuryanope. Most can’t even bury their parents if they die, without taking out a loan or using credit cards .
@@krisurya @jgj5369 he got the money to have the lawyers and accountants to properly and intuitively set it straight for them. This stuff is usually a pain and not all families have the luxury of time and money to sort this stuff out. Quincy lived till 91 years old. he had time to set this all up
@@vincefreeAgreed.
real men are freedom fighters, not the corrupt and complicit
Leaving it to organizations over your own children is crazy.
Literally lmao. He sounds dumb asf
Horrible work
This exactly why black race is behind and we don’t have generational wealth….
Leaving your money to others rather than you kids is dumb
I agree
Cycling generational wealth through the same families doesn’t help the community, it helps those families.
Absolute INSANITY!!! 🤦🏽♀️🤦🏽♀️🤦🏽♀️
Also teaching your kids the value of money and how not to be greedy for it.
Leaving your money to black communities would also benefit the black race
You gotta do the charitable stuff while you alive. Dont leave money to strangers
THIS!!!!
Exactly
💯💯💯💯💯
Thank you buddy tripping 🤦🏾♂️
🎯
Quincy donated to Berklee music college and has a whole program and buildings dedicated to his legacy. He did a lot when he was alive.
Prov.13:22 A good man leaveth an inheritance to his children's children
Quincy executed his life brilliantly 👏
Family time probably was sacrificed for his work. It’s their $ not ours to distribute.
Quincy a legend for that. I see a family going through it because the mom didnt leave a will. 4 houses ended going to the state and the family is falling apart
Some family's fall apart over money , I watched his Finding your roots, where he came from and now his family is taking care of for future generations of his family
@patriciaredmond3996 they fall apart when it's not organized. The mom couldnt decide how to split anything do she never made the will and her death caused so much chaos. Family members that were living in the houses forced out by the state. Family members who she didn't mind living there while she was alive .
@@HandMeDeals it's such a shame, a will is so important, at the same time kids hating each other over land and money is heartbreaking, I'm in Ireland,my mother was executor of my grandmothers will, she's the youngest but considered the most trustworthy which she was, the older kids never accepted the dividing up equally just because it was my mother, it really makes you think about when we're gone
@@patriciaredmond3996 exactly its crazy. Like a pack of wolves
@@HandMeDeals take care, let's hope we do better 🙏
8:30 Rory & Mal somewhere rubbing their hands like Birdman 🤣
QJ did the absolute best thing a FATHER IS SUPPOSE TO DO.
I’m not leaving my money to strangers my kids getting it all 💯
Marc is crazy! You work hard throughout your life so you can leave your legacy to your kids. Idgaf if they spend all the fortune in 1 day. That’s between them. Quincy done is part and will be resting in peace..
So let me get this straight. A politician dies they don't leave they money to charity and you expect the civilian to do so.
You just said some
Leaving your children the money is the entire point
Marc’s thinking process is what’s wrong with our community
My kids getting all my 500mil! Why is this even a discussion? If you don’t like your kids, that’s your problem. White people are generations ahead of black in wealth and you’re talking about give it away, they don’t need it…
Plus I hate when people say they’d do what they do for free… then do it for free then.
And he referenced a man who is still alive. 🤦🏽♀️ Warren Buffet is definitely leaving his family more than $10M he just trying to encourage and motivate them to have their own lives.
I don’t care at all about people that aren’t related to me. My family is getting it all.
He earned it so he choose how he wanted to spend it. Why is this even a discussion?? Tori Spelling's father didn't leave them much of anything. They got like 100k or something and this widow, Candy, got everything. Is that what you wanted Q to do??? It's nothing wrong with his kids having his money.
Marc that was the dumbest shit you ever said!!!!!! I am shocked
🎯 Agreed! I was surprised he said that 🐂💩
Can't believe how awesome this turned out!
How it’s supposed to be
QJ3 is out here balling
Do what you want with yours and they'll do what they want with theirs.
Joe was dropping bars at the very end 💯
I never understood the notion that if you have money you are expected to be a philanthropist, it’s their money that they worked for so its up to them what to do with it. People do the same with bezos and elon it makes no sense
because when ur making a whole lot of money like alot of them, they save more on taxes by donating to charities. so in itself it becomes somethin like philanthropic work. theres obviously more to this, im just giving the small of it.
He did exactly what every father should dream of doing 😂
Has there been another time in American history where this happened in black family with this much money?
Joe probably right. It probably is 83 million because the half a billion in assets would give them all about 71 million but that’s not counting insurance policies he probably had as well.
The first 🥷 pissed me off so bad. Like why wouldn’t he leave it to his children tf
Some celebrities don’t even have a will. Chadwick Boseman, prince and as Aretha Franklin, did not have wills.
Wtf is he talking about? I love my daughter. If I had that kind of money to leave behind, my daughter is getting every penny.
They each getting roughly 71.4 million dollars, that’s very well done, they don’t have to worry about shit but trying to build and / or keep the legacy alive some how
500 Million creates generational wealth that’s how the others are wealthy sometimes you have to look out for your family
Joe was spot on about the pocket watching part
Joe went off at the end of this clip. Let’s go Joe
That 80 mill looking more like 40 with those Cali taxes. That place is wild
Thank you Quincy.
He’ll yea all of it to my kids, who else is going to get it?
I’m sure he had less than 500 family members - he could changed his whole family life 😅
Focus on your immediate family
6:02 entrepreneurship is not for everyone. Actually most aren’t built for that
If he wanted to give it charity he would of done that whilst he was alive.
Give it back to society? Yeah right. Society taxed me millions upon millions. So society got their share. The rest going to my family and they can spend it anyway they want. Not giving it to strangers after I worked hard. Please
Quincy took a W in death... Legendary
I bet it was all in a living trust. That's how it should be done.
That last part ftom Joe, somes it up in 1min¡♤🙌🏽🙏🏽👏🏽👏🏽👏🏽💯💯💯💯💯
I never understood these type of arguments. I work my ass off my money is going to my kids. I'm not giving my hard-working money to random strangers.
I would have left it in a family trust. Kids, grandkids and other family members, would get paid monthly.
I don't understand why leaving your offsprings your fortune is a problem...
Easy to say what you would do when you don’t have it lol😂
Marc is outta his fuckin' mind if he thinks I'm not leaving my hard-earned money and legacy to my children!
Shit, why not? He can’t take it with him.
This is why we won't get reparations lamont
After hearing his dumb ass thought process today..he may not even believe in reparations 😑😒
Get this mark dude off the show please 🙏🏾
Definitely leaving it to my kids
Love the show!
The more I hear the guy in the yellow talk.. I feel like leaving.. 7:51
The guy In the yellow is on drugs or he trying to holla at miss ford because ain’t no way I’m dying on that hill😂 it’s all going to my kids
I’m with son in the yellow
Who the heck cares about what marc lamont hill is going to do with his money 😂?? Fake ass political shill 😂😂😂😂.
Get him off the pod
😂😂😂
Shill. No R in there.
I came here to say just that. It's dudes like that always pocket watching talking about someone else's money.
@@kingsleyoji649 Quincy went out like a G ...Marc Lamont could never
Nah if you look he has been boots on the ground
What’s funny is nobody knows anything about the inner workings of that family, the kids are grown and some are in the industry. If they wanted to donate portions of the money to organizations they still can like be fr 😂and if they dont guess what…its THEIR money lmao
Battered woman flip ain’t 💩😂😂😂
BOY U BETTER HOPE TO SEE 93 FOH
I disagree with the fact they said we’re in the age we’re we/kids don’t kno how to hustle! Never in my 44 years i see more millionaire teens/kids than adults! These kids definitely kno how to get to it! It’s wut they do AFTER is the problem! All facts
Yo I think it’s sad Mark doesn’t understand generational wealth, wealth is passed down to be managed and invested by the next generation as custodians, to grow and provider for further generations. giving money away from your family is ignorant af to me. black people who think like this won’t get us anywhere.
I'm with Ice😂😂😂😂😂😂😂😂😂😂😂
Damn sometimes i wish i had parents💯 oh well doe 🤷🏽♂️ big ups to them hope they use the money for good🤞🏽
Flip tight he want a raise 😂😂😂😂😂😂😂😂.
8:30 Mels instigating laugh was crazy…
Every movement needs funding.
So why not do it while you’re alive, so you can see it actually happening. Then leave the kids the rest. There’s no obligation to helping anyone outside of yourself and family(IF you choose to) so helping others is great thing to behold. Granted my kids would get the major bulk of those funds.
You can send 1,000 black kids to college, put 1,000 single mothers in homes, start 50 different foundations to help inner-city at-risk youth, pay off the debt of another 1,000 college students who just graduated, done a few million dollars to help house and feed homeless people all over America... and your kids would still be filthy rich. You can start a foundation to help whatever cause you are passionate about, and leave some M's to it. And your kids would still be filthy rich. YOU CAN DO BOTH. You don't have to choose. And when you reach a certain level--- you have a responsibility to do both. AND YOU SHOULD DO BOTH.
Wtf is he talking about, how you not leave the money for your kids and he has good kids. He’s a clown 🤡
Make your money and make your decision!
Joe preached at the end 😮😂
GenX and Millennials shouldn't discuss Quincy. They wouldn't know good music
At this point Lamont goes against the grain for the sake of it
Yeah Marc is lying. He won't do that.
He does it mow
He supposed to leave it to his kids
He gave the money to his children because he knew he raised them right.
Yes, it is! all my possessions are going to my legacy, which are my children!
He has a daughter by Natasha kinsky
And this is why dynasties exist and the wealth gap is crazy. They don’t get it, Marc.
11:20- 11:46 Preach Joe, Preach 😁
He is bugging. Quincy leaving that money could be the start of generational wealth, which should be the goal. The kids can have it all when i die.
My kids getting every quarter I can
Put it in a trust so it moves through the courts and they don't pay inheritance tax. He's smart and I wish out black community did the same thing. That's why I'm in school to be a trust lawyer.
People are reading it wrong. He left behind a net-worth worth 500 million. Nobody knows how much money he left behind
Flip go crazy 😂😂😂😂😂🎉🎉
Hill is full of shit!!
People need to mind their business and stop talking about other people's lives and what they do for their children.
His money. If you can’t figure it out with 10 million, I’m sorry.😂❤
02:00 He could have started a charitable/philanthropic foundation and named his kids as board of trustees, so the nearly $500 million could accrue interest and as a family they could continue to "invest in society." I feel that's how a lot of other uber wealthy ppl might handle it with less name value, bc they would be more interested in legacy. Maybe bc QJ has so much name value and has had such an undeniable cultural impact/contribution, legacy isn't a thing he even cared about... his legacy is achieved? It was just money to him?
Glad he didn't
@@francisavilez4435 I mean, I hear you but there are pros and cons. You could avoid inheritance tax and in a way, the whole sum would earn more and the board positions could be paid? It could be a way to keep money and make money and still take care of his kids and give back to society.
Running a foundation is not an easy job especially that amount of money that’s in it… I wouldn’t want to die and place burden on my kids. Just straight give them the money so they have a choice?
They can do that too 😂🎉
@@ninjadude648 That is a conversation they would have had to have before his death but none of them would have to had singularly run it. Someone outside of the family could have... I don't know, it's hypothetical bc he could have done it a lot of ways. LOL. Not saying he should've done any one thing for moral reasons, just saying financially, there are benefits to trusts and foundations and philanthropy in general... but it's their money and I'm sure he had financial advisors! So this is financial speculation just for the fun of it, choose-your-own-adventure money talk.
$71,400?,500?.40?cents
I got into argument bcuz somebody said ain’t no way he had that much money🤦🏾♂️🤦🏾♂️🤦🏾♂️
😂🤦🏾♂️
I’m surprised he wasn’t a billionaire actually.
Nobody should ever listen to Marc 😂😂
I haven't listened to him ever since he made that stupid take about Mac and Cheese being overrated.
This new dude has the worst takes 😅
I would have thought Quincy had more money than that.
🫤
Marc if you don't like your kids just say that