Will Smith Net Worth:
$ 350 Million
What are Will Smith Net Worth’s and Salary?
Will Smith is an actor, filmmaker and rapper who has been among the world’s most famous and famous celebrities for decades. At the time of writing, Will Smith has a net worth of $ 350 million. Every year, Will Smith earns at least $ 40 million in various activities and earns up to $ 80 million over the years. For example, between June 2019 and June 2020, Will earned $ 45 million through his various efforts, especially film awards.
At the peak of his career in the 2000s, Will earned $ 20 – $ 30 million per film. In recent years he has earned the highest grants for one film on Netflix. He reportedly received $ 20 million for the 2017 Netflix movie “Bright” and $ 35 million respectively.
He is also an expert on social media. As of this writing Will has over 45 million followers on Instagram, 8 million subscribers on YouTube and 30 million followers on TikTok.
IMPORTANT FACTS
• Broken during the filming of the film “Fresh Prince”
• The IRS has deducted 70% of its salary for the first three seasons
• Eventually he became the highest paid actor in the world
• Earn hundreds of millions of dollars in film revenue
• Earned $ 100 million for “MIB3” alone
• I have a wife, Jada, who owns a $ 100 million property
Early life
Will Smith was born and raised in West Philadelphia with a humble beginning as the son of a school principal and refrigerator engineer. One of his friends at a young age was Jeffrey Allen Townes, a former local DJ who later became known as DJ Jazzy Jeff. They met by chance when Jeff was playing down the street and in need of a hype man. Smith jumped at the chance and they both had quick chemistry. They eventually formed a band called DJ Jazzy Jeff & The Fresh Prince.
In 1986 they held the year of Russell Simmons at Def Jam Records who signed a contract. Their debut album “Rock the House” was released in 1987. The album went gold. Their second album “He’s the DJ, I’m the Rapper” was released in 1988. It burned grass, selling over three million copies. In total, the duo will release five albums together.
In 1988, Will won his first Grammy in the newly formed Rap category.
IRS issues
Between 1988 and 1990, Will Smith earned nearly $ 10 million for his music career. Thinking that good times would last forever, Will continued to spend his money as if it were out of style. He bought houses, cars, clothes, jewelry and much more. Not only did he ruin himself, he also ruined his friends and family. Unfortunately, by the time he won the Grammy, the radio audience was starting to get tired of Will and Jazzy Jeff. Their “radio-ready” songs were suddenly ridiculed as “rap for sale”.
And, unfortunately, on higher occasions, Will did not pay his taxes. At the age of 21, Will was told that he had neglected to pay $ 2.8 million in taxes during his formative years. That’s the equivalent of about $ 6 million in debt after a correction in inflation. Commenting on his difficult years in the 2018 interview, Smith said:
“Thunder and breakdown is a dirty combination because you are still famous and people can see it, but they can see it while you are sitting next to them on the bus.”
This time, Will was approached by senior producer Quincy Jones about a television drama. At first, Will strongly opposed the idea of playing the role of TV. He was afraid that this would make him look like a salesman. But on the positive side, the gig came with a large paycheck.
If the plan was renewed to continue for more seasons, the salary would increase. With subtle encouragement from the IRS, Will signed up to play on a sitcom recently dubbed “The Fresh Prince of Bel Air”. The IRS also arranged for 70% of Will’s salary to be deducted until his debt was settled.
During an interview with 60 Minutes years later, Will said the following about his early TV days:
“In the first three years of The Fresh Prince of Bel-Air, the IRS took 70 percent of each check and after three years I returned to zero. It is very bad to have such a success and it should be quietly broken.”
Movie Star
Riding on top of his smash hit sitcom, in 1993 Will was paid $ 500,000 to play in the “Six Degrees of Separation”, which he received with serious criticism.
His film career began in 1995, when he participated in a hit comedy, “Bad Boys”, for which he won $ 2 million. In the years that followed he would earn $ 20 million to appear in the next game.
Large Paychecks
In the 20 years between 1993 and 2013, Will earned $ 200 million in movie awards and bonuses. At the time of writing, the profits he made from the film easily reached $ 300 million, probably a lot more if some of his reported deals are accurate. Will’s biggest guaranteed payout day came in 2013 when he earned $ 20 million in previous salary and $ 80 million in back points for Men In Black 3 due to his 10% reduction in total. He also reportedly owned 20% of the total Bad Boys 2, Hancock, and Pursuit of Happyness. Although you may actually have 20% of the total profit, compared to the total number which may be very different numbers. If he really had gross points he would have earned $ 355 million out of those four films alone.
In 2007 Will won $ 25 million for I am Legend.
His biggest salary was $ 28 million for me, Robot. In 2018 he received $ 20 million to play on Netflix’s Bright. Netflix reportedly paid Will $ 35 million to re-play his role in Bright 2.
For the 2021 film “King Richard” Smith paid $ 20 million before that. COVID has prompted the Warner Brothers to include a film in its HBO Max streaming service outside of a major theater show. To appeal to Smith for the millions of tickets back in the movie tickets, Warner Brothers paid Smith a $ 40 million bonus. That brought his entire film payday to $ 60 million.
Below is a list of some of the film awards received by Will Smith:
Bad Boys: $ 2 million
Independence Day: $ 5 million
Black Men: $ 5 million
Enemy of the State: $ 14 million
Wild Wild West: $ 7 million
Legend of Bagger Vance: $ 10 million
Ali: $ 20 million
Men In Black 2: $ 20 million and 10% of total revenue
Bad Boys 2: $ 20 million + 20% of the total
Mina, Robot: $ 28 million
Shark Tale: $ 15 million
Price: $ 20 million
Pursuit of Happiness: $ 10 million + 20% of total income
I Am Legend: $ 25 million
Hancock: $ 20 million + 20% of the total amount
Outstanding: $ 20 million
Bright 2: $ 35 million
King Richard: $ 60 million
Music Work
Smith never gave up music, and while working simultaneously on his films he released solo albums, two of which took platinum. Smith has performed a number of hit songs, including “Men in Black,” and “Gettin’ Jiggy Wit It, ”winning two consecutive Grammy Awards for Smith’s Best Rap Solo Performance.
Prizes
Smith has twice been nominated for an Academy Award, both for portraying real people, Muhammad Ali in “Ali” and Chris Gardner in “The Pursuit of Happyness”. Among his awards, Smith has two BET awards, one Image Award, four MTV Movie Awards, and two People’s Choice Awards.
Personal health
Will has two children with his wife, Jada Pinkett, his wife since 1997. Their children, Jaden Smith and Willow Smith, are both in the entertainment industry. He also has a son named Trey and his first wife, Sheree Ampino.
Real estate
Will and Jada own about 10 properties in the United States. Here is a brief summary of their most notable current and past structures:
In 1999 Will and Jada spent $ 7.5 million to acquire an amazing 100-hectare site on the hills between Malibu and Calabasas, California. The following year they bought a few parcels nearby to cover 150 hectares of communal land. The area has a 20,000-square-foot [20,000 sq m] house, a few guesthouses, a private pool, a horse-drawn carriage, horse tracks, stables, tennis courts, and much more. The house also features a meditative lounge, a dimly lit blue sky in a crowded area, and a recording studio where Willow Smith recorded his first song, “Whip My Hair”. Outside of Jada and Will Smith’s house, there is a man-made pool, a swimming pool designed to resemble a harbor, volleyball, basketball, and tennis courts, as well as many leisure facilities where you do not run and play. They designed the space in Santa Fe style after falling in love with actor Gene Hackman’s Santa Fe home. They actually hired a Santa Fe hacker builder for a project that took years to launch due to environmental concerns and permit restrictions. In 2013 they quietly listed the area for $ 42 million but could not find a buyer. Today the building alone can cost $ 50 – $ 70 million.
In 2017 Will and Jada sold their seven-hectare beachfront property in Kauai for $ 12 million. They bought a residential area in 2015 for $ 10 million. In 2011 they sold Ekaterina Rybolovlev, the daughter of Russian billionaire oligarch Dmitry Rybolovlev, a seven-acre ($ 20 million) seaside resort.
They also own a 9,000-square-foot [9,000 sq m] house located in the Hidden Hills, California and 9,200 square-foot ski resorts in Park City, Utah.
In September 2021 Will and Jada paid just over $ 11 million for a 10,400-square-foot [10,400 sq m] house in Hidden Hills, California.
In all, the Smiths own at least 100 million homes worldwide that we know of.
Summary
Will Smith owns an estimated $ 350 million. He is one of the highest paid actors in the last two decades, earning hundreds of millions of dollars in movement salaries alone. Will and his wife, Jada, have an impressive portfolio of real estate.
