Wealthy African Americans spend no more than anyone else. Some of them are as frugal and tight with their money as any other race. You just don't pay as much as attention to other races; because U are set on negativity on African American. There has been many white entertainers, comedians athletics etc losing and filing bankrupcy.Donald Trump filed bankrupcy, Ed McMann lost all and U know he made the big bucks. Just the other day Tom Jones filed bankrupt, and some white football players also.. To you poor folks bankrupcy means broke.....not so to millionaires. Bankrupcy means you keep your "goodies" and walk away from debts with a smile. Lenders then rush in to loan you more MONEY!

And of course we never ever heard of a white person or people of any other race filing for bankruptcy have we.

"And of course we never ever heard of a white person or people of any other race filing for bankruptcy have we."

Of course there are others that file for BK but the percentage of Black entertainers losing their fortunes is overwhelming. There is a cultural mindset that repeats itself over and over and over again. Fame, money then back to poverty. There is some sort of a moral disconnect in black culture that IMO that perpetuates dysfunction at so many levels for Black entertainers. Perhaps their shattered history of enslavement and all the socio psychological fracturing that occurred created a generational, systemic pattern for so many making it so difficult to establish behavior that will enhance rather than destroy ones economic success..