@@zirkayrus @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
The idea is that other people and programs NEED that money more than his already rich children, are y'all just that selfish that you don't get that? 🤦♂️🤷♂️
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.
@@island97 Most rich people don’t flaunt their lifestyle. A person can change their minds too and children challenge wills everyday. I’ll believe it when he’s dead until then it sounds good for the one’s who want to believe it.
The government has access to as m uch money as they want yet this guy want to give his back to the same system taxing most of our hard earned money while we are alive
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
His children are adults. They can all do good things for the society. That is 8 people who now have the resources to continue to do good in their lifetimes for the world and their offspring
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
Especially conservatives/republicans! They love harping on about that “pull yourself up by the bootstraps” mentality. So don’t expect much charity from them.
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..
he is talking about all Q kids being and doing ok... 70M per kid... when all of your kids already OK financially.. makes sense. some of it can go to areas that really need it. it's not about not loving them. I get it.
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.
I’ll leave it to my kids before I give my money to people I don’t know. Giving your millions to a charity in this world is crazy when the people running those organizations are going to pocket 50% of that money.
It’s not. Other communities create generational wealth and INVEST in their communities big time! You can’t go to temple in the Jewish community if you haven’t at least paid $10k. In the Asian communities they share their money; Latino as well; African as well. We think we know what people do but you don’t. We have run down neighborhoods etc
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
They be talking crazy if you have 10 million you don't have to do nothing but live your life. 8 million alone will get you 400k a year in a money making savings account. All this you gotta hustle is n***a talk. If you can't live off 400k a year you have some serious problems in your life
Only if the kids are responsible. In most cases they are not. There was a Forbes article a few yrs back which said that 90% of wealth pass down is lost by the second generation ( grandkids ) . This was for $50M+ net worth families.
@@island97exactly that is why gates , bezos , buffet and others have signed the giving pledge to give away most of their wealth to better society. The gates foundation alone had given away $55B to date
What’s the point of working so hard and building generational wealth if it’s nottt to leave it to your generations !?!? Marc pissed me off! QJ did the right thing! RIP legend 🕊️🙏🏻
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.
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.
At the end of the day, it’s Quincy money, not yours my brotha! There’s no such thing as how I would do something when it comes to someone else money. It ain’t yours….end of conversation!
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.
them last bars of the clip were the hardest shit hes ever spit..... Joe turned into a bapist preacher on the hustle mode, that lil part is gonna run for a minute ......amen
Leave the $400 million to your kids. Set up a TRUST that invests $100 million in the S&P 500 which on average earns 10% annually. Direct the trust to invest no more than 5% annually of the “annual interest earned” in whatever community or social programs that you desire. This way your legacy TRUST never runs out of money, keeps earning money and you forever get to assist the causes you preferred when you were alive. 🤷🏾♂️
Quincy did right by his children . I’m sure he had discussions with them before he passed. They are grown, productive and not irresponsible. He has seen over the years what happens to late celebrities families if that’s not handled correctly.
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.
All the billionaires in the world and he is worried about what 1 black millionaire leaves to his children ????? He is not one of us. I do not trust him.
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.
Respectfully, you look out for strangers BEFORE you pass away. Charity things and donations you do that alive and hands on. When your time is up, leave what you have left for the children.
In context, $500 million is not a lot of money. It's split between SEVEN children. $70 million each? I get it for multi-billionaires but giving the majority of your money to charitable and altruistic causes is .. nothing I would do. Maybe a smaller portion say $10 - $20 million in total, but my children are going to carry the torch.
How is then even a debate? It’s his money and his kids are the ones who should get it. If they want to donate then that’s on them. But to not leave it all to them is insane. Only someone who doesn’t have kids would think this way.
Quincy ensured his family is taken care of even after death…A real man.
I mean don’t most parents do that.
@@zirkayrusnope. Most can’t even bury their parents if they die, without taking out a loan or using credit cards .
@@zirkayrus @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
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 are really arguing that ?
Yes I would leave my money to my children and husband (when I get married).
Word!
The idea is that other people and programs NEED that money more than his already rich children, are y'all just that selfish that you don't get that? 🤦♂️🤷♂️
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.
“A good man leaves an inheritance to his children’s children.” Proverbs 13:22
Boom! 🎤
Boom!! If each generation ain't struggling they not cozy in their graves.
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
Leaving your children the money is the entire point
You gotta do the charitable stuff while you alive. Dont leave money to strangers
THIS!!!!
Exactly
💯💯💯💯💯
Thank you buddy tripping 🤦🏾♂️
🎯
Prov.13:22 A good man leaveth an inheritance to his children's children
Generational wealth!
Amen! He did as the bible instructs us to do.
I’m not leaving my money to strangers my kids getting it all 💯
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.
@@foreverfly3113 nope he's not giving them his fortune. Lol
Btw they already live very basic lives.
If your kids aren't responsible, it makes no sense leaving it all for them.
@@island97 Most rich people don’t flaunt their lifestyle. A person can change their minds too and children challenge wills everyday. I’ll believe it when he’s dead until then it sounds good for the one’s who want to believe it.
@island97 you're a fool if you think Warren Biffett isn't/hasn't set his kids up for life smh
Leaving it to organizations over your own children is crazy.
Literally lmao. He sounds dumb asf
Horrible work
The government has access to as m uch money as they want yet this guy want to give his back to the same system taxing most of our hard earned money while we are alive
For real
Not in all cases.
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
Quincy executed his life brilliantly 👏
His children are adults. They can all do good things for the society. That is 8 people who now have the resources to continue to do good in their lifetimes for the world and their offspring
QJ did the absolute best thing a FATHER IS SUPPOSE TO DO.
He did exactly what every father should dream of doing 😂
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 🙏
Family time probably was sacrificed for his work. It’s their $ not ours to distribute.
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
Especially conservatives/republicans! They love harping on about that “pull yourself up by the bootstraps” mentality. So don’t expect much charity from them.
Marc that was the dumbest shit you ever said!!!!!! I am shocked
🎯 Agreed! I was surprised he said that 🐂💩
It's nowhere close to the dumbest 💩 he has ever said but it is on the top 5 list from this smart dummy 😂
That’s definitely not the dumbest shit sadly
There is nothing wrong with what he said, except that Quincy did charitable work. He's not saying he would leave his kids nothing
@@yvonneclemente9064 I'm not surprised. He is a weirdo.
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..
One day ? No. Let's not get crazy. The idea is to build generational wealth.
@@thermologo3451bro we get what the comment is saying. We know he doesn’t mean exactly one day. Jesus man are you slow. It’s a way of speaking
Noooo! He has a point! They’ll f it up! If they ain’t successful now! What makes you think they’ll be after his death
Yes he trippin!!
@christiannotdior87: 💯💯💯
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.
he is talking about all Q kids being and doing ok... 70M per kid... when all of your kids already OK financially.. makes sense. some of it can go to areas that really need it. it's not about not loving them. I get it.
Quincy spent his life giving back & his children are also very charitable- the world is better bc of Quincy & how he raised his.
Has there been another time in American history where this happened in black family with this much 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.
Quincy took a W in death... Legendary
How it’s supposed to be
I’ll leave it to my kids before I give my money to people I don’t know. Giving your millions to a charity in this world is crazy when the people running those organizations are going to pocket 50% of that money.
Joe was dropping bars at the very end 💯
A charity would take the 430 million and pocket 90% then do a book bag drive in your honor 😂😂😂😂😂
He's too educated to think that donating money will make any difference.
Some celebrities don’t even have a will. Chadwick Boseman, prince and as Aretha Franklin, did not have wills.
People are reading it wrong. He left behind a net-worth worth 500 million. Nobody knows how much money he left behind
Marc’s thinking process is what’s wrong with our community
Facts because they been doing it for generations.
Opposite
It’s not. Other communities create generational wealth and INVEST in their communities big time! You can’t go to temple in the Jewish community if you haven’t at least paid $10k. In the Asian communities they share their money; Latino as well; African as well. We think we know what people do but you don’t. We have run down neighborhoods etc
Marc has a point
Don't say "our community" when you're literally saying that helping the community is wrong.
Joe was spot on about the pocket watching part
QJ3 is out here balling
8:30 Rory & Mal somewhere rubbing their hands like Birdman 🤣
Thank you Quincy.
Do what you want with yours and they'll do what they want with theirs.
11:15 "Discipline watch" is actually some of the best advice I've ever heard anyone give if I'm being honest. Simple but true.
I'm leaving every single penny to my kids 💯💯💯🔥
We work this hard ro leave everything for our kids / our people. Everything!!!!!
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
His mindset is also why he’s unlikely to obtain 500M. Marc is not a capitalist, he’s a socialist.
6:02 entrepreneurship is not for everyone. Actually most aren’t built for that
They be talking crazy if you have 10 million you don't have to do nothing but live your life. 8 million alone will get you 400k a year in a money making savings account. All this you gotta hustle is n***a talk. If you can't live off 400k a year you have some serious problems in your life
That last part ftom Joe, somes it up in 1min¡♤🙌🏽🙏🏽👏🏽👏🏽👏🏽💯💯💯💯💯
If he wanted to give it charity he would of done that whilst he was alive.
500 Million creates generational wealth that’s how the others are wealthy sometimes you have to look out for your family
Only if the kids are responsible. In most cases they are not. There was a Forbes article a few yrs back which said that 90% of wealth pass down is lost by the second generation ( grandkids ) . This was for $50M+ net worth families.
@@island97exactly that is why gates , bezos , buffet and others have signed the giving pledge to give away most of their wealth to better society. The gates foundation alone had given away $55B to date
His final act of love for his children. Impeccable sir just like your music.
Joe went off at the end of this clip. Let’s go Joe
What’s the point of working so hard and building generational wealth if it’s nottt to leave it to your generations !?!? Marc pissed me off! QJ did the right thing! RIP legend 🕊️🙏🏻
That 80 mill looking more like 40 with those Cali taxes. That place is wild
No tax on inheritance
Feds and states don't tax inherited $$
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.
Kandy is their mother, she could have shared with them.
It's a discussion it's not like it has any bearing on what he actually did with the money people are allowed to have opinions
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
Marc Lamont HILL 😩🤣🤣🤣
He’ll yea all of it to my kids, who else is going to get it?
I don’t care at all about people that aren’t related to me. My family is getting it all.
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.
Nah they'll walk with ~$55-60M, when you take into account inheritance taxes and lawyer fees etc .
Counting other people’s money
At the end of the day, it’s Quincy money, not yours my brotha! There’s no such thing as how I would do something when it comes to someone else money. It ain’t yours….end of conversation!
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.
Funny how it’s always the people who don’t have that kind of money are the ones who always talk about giving it away to the poor.
them last bars of the clip were the hardest shit hes ever spit..... Joe turned into a bapist preacher on the hustle mode, that lil part is gonna run for a minute ......amen
Good point on pocket watching . Watch all the other intangibles, great perspective.
Sometimes, money can hurt more than help. You never know which child can handle it and which can not.
I don’t have an issue with it in anyway, But he left it for kids, and I applaud it!
Marc if you don't like your kids just say that
Y'all disappoint the Panthers.
All of it to my kids and a portion to our family trust. Run it up kids ❤
The ending segment of this video was the best part honestly
Leave the $400 million to your kids. Set up a TRUST that invests $100 million in the S&P 500 which on average earns 10% annually. Direct the trust to invest no more than 5% annually of the “annual interest earned” in whatever community or social programs that you desire. This way your legacy TRUST never runs out of money, keeps earning money and you forever get to assist the causes you preferred when you were alive. 🤷🏾♂️
I'm with Ice😂😂😂😂😂😂😂😂😂😂😂
Those are his kids! He did the right thing!!! I’m also sure he donated before he passed!!
This is what real fathers do for their kids
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.
And this is why dynasties exist and the wealth gap is crazy. They don’t get it, Marc.
What I do like about Marc's addition is that it automatically illuminates how crappy the other guys on the podcast are.
Love the show!
I’m sure he had less than 500 family members - he could changed his whole family life 😅
Focus on your immediate family
Man foh .. he focused on HIS KIDS
Every man's dream👏🏾🕊 rest up king
Quincy did right by his children . I’m sure he had discussions with them before he passed. They are grown, productive and not irresponsible. He has seen over the years what happens to late celebrities families if that’s not handled correctly.
I don't understand why leaving your offsprings your fortune is a problem...
He secured the future of his great great great grand kids.
Well done Mr Jones.
I would have left it in a family trust. Kids, grandkids and other family members, would get paid monthly.
I thought Marc was smarter than this.
This was the biggest flex ever when you go out! Wow!
Definitely leaving it to my kids
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.
I just had a daughter. Whatever I have/got when I pass. It’s all hers. I just hope she uses her mind.
Grown men worried about another grown man’s pockets that isn’t living anymore is wild. SMH!
"I would never do that!" You cant leave behind money you will NEVER have
All the billionaires in the world and he is worried about what 1 black millionaire leaves to his children ????? He is not one of us. I do not trust him.
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.
Battered woman flip ain’t 💩😂😂😂
My money goes to my FAMILY!!! PERIOD!!!!!😮
Respectfully, you look out for strangers BEFORE you pass away. Charity things and donations you do that alive and hands on. When your time is up, leave what you have left for the children.
In context, $500 million is not a lot of money. It's split between SEVEN children. $70 million each? I get it for multi-billionaires but giving the majority of your money to charitable and altruistic causes is .. nothing I would do. Maybe a smaller portion say $10 - $20 million in total, but my children are going to carry the torch.
Each child would get 25Ms with 25Ms more invested and the last 150Ms would be donated
8:30 Mels instigating laugh was crazy…
This entire argument is so depressing. Are they really debating leaving all money behind for generations of your bloodline vs strangers? Unbelievable.
How is then even a debate? It’s his money and his kids are the ones who should get it. If they want to donate then that’s on them. But to not leave it all to them is insane. Only someone who doesn’t have kids would think this way.
He did it the right way !!!!!!❤
Joe preached at the end 😮😂