Using the 1979 cohort of the National Longitudinal Study of Youth to explore the interwoven links between race, wealth and incarceration, this study examines the data on race and wealth status before and after incarceration. Data indicate that although higher levels of wealth were associated with lower rates of incarceration, the likelihood of future incarceration still was higher for blacks at every level of wealth compared to the white likelihood, as well as the Hispanic likelihood, which fell below the white likelihood for some levels of wealth. Further, we find that racial wealth gaps existed among those who would be incarcerated in the future and also among the previously incarcerated.