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Will Smith Net Worth: Does Will Smith Have a Wife?

Will Smith is an actor, film producer, and rapper who has been one of the world’s most recognizable and popular figures for decades. Will Smith has a net worth of $350 million as of this writing. Will Smith earns a minimum of $40 million per year from his numerous ventures and has earned as much as $80 million in some years. For instance, Will earned $45 million between June 2019 and June 2020 from his many pursuits, largely film salaries.

Will made between $20 and $30 million each film during the pinnacle of his career in the 2000s. He has received enormous single-film salaries from Netflix in recent years. According to reports, he made $20 million for the Netflix film “Bright” in 2017 and $35 million for its sequel.

He is also a social media celebrity. As of this writing, Will has over 45 million Instagram followers, 8 million YouTube subscribers, and 30 million TikTok followers.

 

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Childhood

Will Smith grew up in West Philadelphia, the son of a school administrator and a refrigerator engineer. Jeffrey Allen Townes, a prominent local DJ who became known as DJ Jazzy Jeff, was one of his childhood pals. They met by coincidence when Jeff needed a hype man for performance down the street. Smith leaped at the opportunity, and the two struck up an instant rapport. They would later create DJ Jazzy Jeff & The Fresh Prince.

In 1986, they grabbed the attention of Russell Simmons, who signed them to Def Jam Records. In 1987, they released their self-titled debut album, “Rock the House.” The album was certified gold. In 1988, they published their second album, “He’s the DJ, I’m the Rapper.” It was a runaway success, selling over three million copies. The duo would collaborate on five albums in all.

Will won the inaugural Grammy for the newly established Rap category in 1988.

Private Life

Will has two children with Jada Pinkett Smith, to whom he has been married since 1997. Their children, Jaden Smith, and Willow Smith are both actors. Additionally, he and his first wife, Sheree Amino, have a son named Trey.

Star of the Cinema

Will was paid $500,000 in 1993 to star in “Six Degrees of Separation,” for which he won critical acclaim.

His film career took off hugely in 1995 when he earned $2 million for co-starring in the smash action-comedy “Bad Boys.” Years later, he earned $20 million for his role in the sequel.

 

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Career in Music

Smith never abandoned music, and while working on his films, he recorded four solo albums, two of which were certified platinum. Smith enjoyed a string of chart-topping singles, including “Men in Black” and “Gettin’ Jiggy Wit It,” which earned him two consecutive Grammy Awards for Best Rap Solo Performance.

Awards

Smith was nominated for an Academy Award twice, once for portraying Muhammad Ali in “Ali” and once for portraying Chris Gardner in “The Pursuit of Happiness.” Smith has two BET Awards, one Image Award, four MTV Movie Awards, and two People’s Choice Awards among his accolades.

Biggest Paychecks

Will made $200 million in film wages and bonuses over 20 years from 1993 to 2013. As of this writing, his film earnings easily exceed $300 million and maybe significantly higher if any of his claimed backend arrangements are true. Will’s largest known payout occurred in 2013 when he got $20 million in upfront compensation and $80 million in backend points from Men In Black 3 as a result of his 10% cut of the gross.

Additionally, he owned 20% of the gross for Bad Boys 2, Hancock, and Pursuit of Happiness. Though he likely received 20% of net earnings rather than gross profits, which would result in drastically different percentages. If he does have gross points, he made $355 million from those four films alone.

Will received $25 million for I Am Legend in 2007.

His highest advance payment was $28 million for me, Robot. He earned $20 million in 2018 as the star of Netflix’s Bright. Will was reportedly compensated $35 million by Netflix to reprise his part in Bright 2.

 

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IRS Problems

Will Smith made around $10 million from his musical career between 1988 and 1990. Assuming that the good times would remain indefinitely, Will spent his money as if it were going out of style. He acquired homes, automobiles, clothing, and jewelry, among other things. He not only indulged himself; he spoiled his friends and family as well. Regrettably, radio audiences were growing tired of Will and Jazzy Jeff around the time he won the Grammy. Their “radio-friendly” tracks were instantly derided as “rap sell-outs.”

Additionally, Will was not paying his taxes during the boom years. Will was informed at the age of 21 that he had failed to pay $2.8 million in taxes during his fat years. That equates to approximately $6 million in debt after inflation is factored in.

Around this time, super-producer Quincy Jones approached Will about starring in a television show. At first, Will was adamantly opposed to the idea of starring in a television sitcom. He was terrified that this would further cement his reputation as a sellout. On the good side, the job came with a substantial salary.

If the show is extended for more seasons, the salary will increase. Will signed on to star in the newly titled sitcom “The Fresh Prince of Bel-Air” with the not-so-subtle assistance of the IRS. Additionally, the IRS arranged for 70% of Will’s pay to be withheld until his debt was paid off.

Years later, during an interview with 60 Minutes, Will revealed the following about his early television days:

Residential Real Estate

Will and Jada possess approximately ten properties throughout the United States. The following is a concise list of their most prominent current and defunct properties:

Will and Jada spent $7.5 million in 1999 to acquire a magnificent 100-acre estate in the hills between Malibu and Calabasas, California. They purchased numerous adjacent properties during the next year to create 150 acres of contiguous land. The estate boasts a 20,000-square-foot main home, multiple guest buildings, a private lake, a horse riding ring, equestrian trails, stables, and tennis courts, among other amenities. They chose a Santa Fe style for the property after falling in love with actor Gene Hackman’s Santa Fe mansion.

They recruited Hackman’s architect in Santa Fe for the project, which was delayed for years owing to environmental concerns and permission restrictions. They privately advertised the house for $42 million in 2013 but were unable to find a buyer. Today, this property is likely valued between $50 and $70 million on its own.

Will and Jada sold their seven-acre oceanfront compound on the Hawaiian island of Kauai for $12 million in 2017. They paid $10 million for the multi-family property in 2015. They sold another oceanfront Hawaiian property on seven acres to Ekaterina Rybolovlev, the daughter of Russian businessman Dmitry Rybolovlev, for $20 million in 2011.

 

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Additionally, they own a 9,000-square-foot property in Hidden Hills, California, and a 9,200-square-foot ski chalet in Park City, Utah.

Will and Jada spent somewhat more than $11 million in September 2021 for a 10,400-square-foot property in Hidden Hills, California.

The Smiths are known to own at least $100 million worth of real estate worldwide.

Does Will Smith Have a Wife?

Jada Pinkett Smith m. 1997
Sheree Zampino            m. 1992–1995

Summary

Will Smith’s net worth is estimated to be $350 million. He is one of the highest-paid performers of the previous two decades, earning hundreds of millions of dollars in single-movie earnings. Will and his wife Jada have amassed an enormous real estate portfolio that spans the country.

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