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Generations of Black wealth lost in Eaton Fire NBC Los Angeles [Video]

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Generational Wealth

What took generations to build crumbled in just hours. When the Eaton Fire erupted on Jan. 7, it swept through the scenic community of Altadena, destroying more than 9,000 homes and buildings. The flames didn’t just consume property—they tore through the heart of a neighborhood rich in history, culture, and generational legacy.

For many Black families, the devastation went beyond the loss of physical homes. It marked the erasure of generational wealth painstakingly built over decades.

Thirty-six-year-old Will Smith III stood among the ashes of what was once his family’s home, grappling with the overwhelming loss.

“This is my third time seeing it with my own eyes—but it still hurts,” said Smith, his voice heavy with emotion. “I get emotional because I think about all the generations of people that were affected.”

When the Altadena firestore through Smith’s neighborhood, as well as many others, the flames took more than just properties and people. They wiped …

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