world famous mixtape dj -- Business Owner -- Best thing 2 do is just ASK bout me. I DO NOT WORK FOR FREE.11 times outta 10 I can HELP YOU more than u can yaself
Gary Coleman was paid $70,000 an episode as a teenager. In his 30s, he worked as a security guard. The people who had managed his money were his own parents.
In the video below, Coleman says that even after the lawsuit, he still doesn't know where $18 million went.
He was the star of Diff'rent Strokes. In the first season he got $1,500 an episode.
His parents were his personal managers and, ABC News reported, took the biggest cut, 20%. California law said 25% of his income had to be set aside for his future. ABC reported that even that disappeared.
"I kept getting told, don't spend so much," Coleman said. "Everybody wanted a piece of me."
In 1989, at 21, he cut them off and sued his parents and his former business adviser. That same year, his mother asked a court to take control of his finances, saying he couldn't handle his own affairs.
His father said he was not a bookkeeper: "All we did was sign documents and gave our approval."
In 1993 a judge ruled that his parents and the adviser had skimmed some of his earnings and awarded him nearly $1.3 million. Six years later Coleman filed for bankruptcy.
Did his parents rob him, or were they ordinary people in over their heads with money they never understood?
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POV: you just made your first mortgage payment on your new $500k home at 8% and found out your next-door neighbor paid $300k for the same home 5 years ago and has a 3% mortgage
Top Cities People Are Moving To:
1. Orlando, FL
2. North Port /Sarasota, FL
3. Miami, FL
4. Cape Coral, FL
5. Las Vegas, NV
Top Cities People Are Leaving:
1. New York City, NY
2. Seattle, WA
3. Los Angeles, CA
4. San Francisco, CA
5. Washington DC
...What do you notice?
The Trump admin is launching an investigation into Wells Fargo over commitments the bank made over nearly a decade to increase homeownership among Black Americans https://t.co/NO8dz3ugHw