Breaking Brown

April 4, 2016

Even Black Celebs Are Broke: “Martin” Actress Tisha Campbell-Martin and Husband Only Have $200 in Cash

Even Black Celebs Are Broke: “Martin” Actress Tisha Campbell-Martin and Husband Only Have $200 in Cash

by Yvette Carnell

There is no real wealth in Black America, a point succinctly made in the Huffington Post article “Black Wealth Barely Exists, In One Terrible Chart”.

Part of the reason the African-American community believes that black wealth actually exists is because of the exaggerated wealth of black celebrities. Recently, however, the perceived wealth of black celebrities has been revealed as mostly a fabrication.

First Kanye West divulged that he’s in debt, and now “Martin” star Tisha Campbell-Martin and husband Duane Martin are admitting that they’re drowning in debt.

According to a report in The Daily Mail, the couple’s bankruptcy filing revealed a dire financial situation:

  • $313,000 in assets
  • $15 million dollars in debt
  • They owe $43,000 on a 42-month lease for a 2016 Range Rover, $17,000 on a 2016 Jeep Wrangler, $67,000 on their 2014 Range Rover
  • They have joint monthly income of $7,655
  • Currently they only have $200 in cash and $173 in a credit union

In a piece at The Huffington Post, Antonio Moore contrasts the real state black wealth versus the illusion:

Despite the broadcast of an NBA All Star game that show’s a cast of nearly all young black male millionaires, the truth is most African American households regardless of education hardly have any wealth. As I showed earlier this year on inequality.org, “… the middle black family is only worth $1,700 when you deduct these durables.”, such as the family car.

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Actor Will Smith is Duane’s best friend, so why’s he not giving his buddy some much needed cash? Because that’s not how wealthy people operate. Many in Black America have not only misunderstood wealth in general, but have also misunderstood how wealth spreads, or in the case of the African-American community, how it narrows and squeezes us out of opportunity.

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15 thoughts on “Even Black Celebs Are Broke: “Martin” Actress Tisha Campbell-Martin and Husband Only Have $200 in Cash

  1. anthony4422 says:

    42 month lease on a car.  How ridiculous.  But I doubt these folks are flat broke.  Kinda like Damon Dash.  On paper yes, but I’m sure those Jewish lawyers assisted them with estate planning and asset protection over and above what it stated.  Also, I always question the data derived from charts like these.  You can’t generate a curve like the above any real accuracy and without making certain assumptions.  Regardless of what the curve says, Blacks should never let such data stop our hustle and drive.  And perhaps if Tisha and Duane had made smart investments in the community and in themselves, perhaps they wouldn’t be in this quagmire.

  2. AdamAbramowitz says:

    anthony4422 JEWISH lawyers, huh?  You’re as bad as the white racists using ethnic slurs toward blacks.

  3. PatriciaNicolas says:

    I’m sorry to hear about this, but…..my goodness. We need to stop trying to portray ‘an image’ and be honest with ourselves and with others.

  4. PatriciaNicolas says:

    AdamAbramowitz anthony4422 He didn’t use that in a derogatory way. Actually, the way he used it would lead one to believe that Jewish lawyers are good stewards of money and are gracious to teach others how to prosper wisely. So…..

  5. anthony4422 says:

    AdamAbramowitz anthony4422 Oh please!!  ethnic slurs my behind.  You are living up to the stereotype of a whining and complaining so called chosen one every time they are presented with the truth.

  6. Johnw11 says:

    “Know the truth, and the truth shall set you free.” That’s why it’s a good thing that the truth about the dismal Black economic condition is finally coming to light — except for a small “sliver” of Blacks in the 1% — Blacks folks ain’t got no wealth. And, in fact, have lost well over 53% of what little wealth they did possess over the past 8 years.
    One can not move to change a situation (problem) until the reality of the situation (problem) is accepted. The next step, after problem recognition,  is to collect and analyze data to determine the extent of the situation (problem). The data have for decades been collected and analyzed and  the extent of the problem is clear.
    All that remains is to end the “denial” and “rationalizing” and move to correct the problem.
    The data are clear!

  7. Johnw11 says:

    It is also important to know the role “public policies” play in the distribution of wealth in American society. For example, when policies favor the already wealthy as they currently do, then the wealthy gets richer while the poor gets poorer. Over the past 7 to 8 years, according to data, almost 95% of all income / wealth went to the top 1%. Given this fact, the Black wealthy — although not equal in wealth to the white 1% — have doubled their wealth same as the white wealthy.
    The problem is the white wealthy have more wealth to begin with. So, when Oprah, for example, doubles her wealth from about $1.5 billion (according to Forbes) to about $3 billion over the past 7 years, it pales in comparison the two Koch brothers, who, for example, more than doubled their wealth from about $19 billion each over the past 7 years to a little over $41 billion each today.
    This reality seems to hitting home for most people. Unfortunately, too many Blacks are still caught-up in a dysfunctional web of “personality” rather than “policy” when comes to voting behavior.
    How else does one explains so many Blacks voting for more of the same against their own children’s best interest; knowing full-well they don’t have the resources to send their children to college, yet voting as if they do.

  8. dmac6419 says:

    Martin ain’t broke

  9. TinaSue says:

    A beautiful black couple.
    Some Black people need to learn how to manage money.

  10. AMAC7210 says:

    If these stories are indeed true why should any of us feel sorry for them.. We’re so caught up in trying to integrate with the oppressor we have lost our identify as a people. That’s one of the major pitfall to MLK beliefs which was to integrate with the oppressor.. Kanye for example has spent millions of dollars parading his pseudo White skank around and you see where he is at. Please don’t throw pity party for any of them.. The only time they reach back to their own is when they’re in need of help.. Until they learn Self and Self worth my phone will be busy..
    HoTep!!

  11. brotharoyce says:

    You love n integrate with Caucasians because they give you nothing!…………..sick state my people are in………..

  12. VivaHabbitVanAssen says:

    Maybe they need to stop trying to act like the jones and use there heads.

  13. vanity12 says:

    omg…………this breaks my heart

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