Will Smith Net Worth
Net Worth,In addition to his many acting roles, Will Smith has also been involved in a variety of business ventures. The production company that Smith founded, Emancipation, sold to Apple for $120 million. This boosted his net worth even further. He also owns several properties. Read on to learn more about Will Smith’s assets and business ventures.
Will Smith’s net worth
The actor, producer, and musician, Will Smith, has an impressive net worth. He is a bankable movie star with an Oscar-winning acting career. As one of the highest-paid celebrities in the world, he is highly sought after by producers and directors. He is also an accomplished musician and has gone multi-platinum. In addition to his acting career, Smith has branched out into producing his own movies. Will Smith also has two children, Jaden and Willow.
While Will Smith first shot to fame in 1986 as MC of the hip-hop duo DJ Jazzy Jeff and the Fresh Prince, he has built up a personal net worth of $350 million. His film career has been a successful one, earning him multiple nominations and awards, including the BAFTA, Critics’ Choice Awards, and Golden Globes.
During his rapping days, Will Smith earned more than $10 million dollars, but spent too much of it and ended up broke, due to back taxes. In the 1990s, Will Smith pivoted to acting, earning $2 million for his role in the 1993 film “Six Degrees of Separation.” He then co-starred with some of the biggest names in show business, including Jennifer Lopez, Brad Pitt, and Brad Pitt’s wife, Jada Pinkett Smith.
Will Smith’s career as a rap star began in his teens. He formed a rap group with his friend Jeff in the late 80s and went on to sell over 3 million records. However, his group had a tax debt of $2.8 million. When he needed money, he was forced to sell off his assets. However, this did not stop him from pursuing a successful career as an actor.
Will Smith has built a tremendous net worth over the course of his career. Since his days as the star of Fresh Prince of Bel-Air, the actor has appeared in many movies and TV shows. While his career has hit some bumps along the way, his net worth remains substantial.
Will Smith is married to actress Jada Pinkett Smith. Together, they have two children. Jaden Christopher Syre Smith and Willow Camille Reign Smith are both well-known in the entertainment industry. They have numerous awards, including the Grammy, Empire Awards, and two NAACP Image Awards. Their combined net worth is estimated to be more than $350 million, including millions from film and TV fees and a growing real estate portfolio.
His real estate portfolio
Will Smith’s real estate portfolio is estimated to be worth $100 million. He and his wife own numerous properties across the United States. They recently sold a Kauai mansion for $20 million. The real estate is one of the largest contributors to his net worth.
Smith owns 10 properties in the United States. In 1999, he paid $7.5 million for a 100-acre tract and built a mansion on the site. It is currently valued at $70 million. According to Newsweek, Smith is one of the world’s richest celebrities, with his films grossing more than $4.4 billion worldwide in 2007.
His tax debt
Will Smith owed over $2.8 million in back taxes when he first became famous. He had made a hit with DJ Jazzy Jeff in 1988, but he had not paid his taxes at the time. Most of his money went to buying cars, jewelry, and a personal entourage. In addition, he didn’t pay his federal income tax, which left him with a massive debt. In the aftermath, he was forced to file for bankruptcy and had to return many of his major purchases. Thankfully, Will Smith was able to pay off his debt in the third season of the show.
In his new memoir, Will Smith opened up about his past financial troubles. He spoke about how he once borrowed money from a drug dealer to pay off his tax debt. Will Smith said that he owed seventy percent of every check for the first three years and that it felt “fierce” to be broke. He also said that being famous and broke were like a bad combination.