The days of Will Smith’s “auntie and uncle in Bel-Air” on The Fresh Prince are long gone. Instead, Will Smith’s net worth has grown to the point that he and his wife, Jada Pinkett-Smith, can enjoy their own real-life house with their children. Will Smith’s net worth wasn’t always so impressive, much like his Fresh Prince character. The actor, who was born on September 25, 1968, in West Philadelphia, was raised by his father, a refrigerator engineer, and his mother, a school administrator. Smith dreamed of being a rapper as a child, and it didn’t take him long to realize his ambition. Smith teamed up with Jeffrey Allen Townes, a boyhood acquaintance who rose to prominence as DJ Jazzy Jeff. Smith and Townes founded the DJ Jazzy Jeff & The Fresh Prince duo together. By 1986, they had been signed to Def Jam Records and had already released two chart-topping albums, Rock the House in 1987 and He’s the DJ, I’m the Rapper in 1988.
In 1989, the album’s hit “Parents Just Don’t Understand” won them the first-ever Grammy Award for Best Rap Performance. Smith is better renowned for his film and television performances than for his music career, having worked on scores of major productions as an actor, producer, and more. Given his illustrious career in Hollywood, it’s simple to imagine Will Smith’s current net worth. But how much money does Will Smith have? Continue reading to learn all we know about Smith’s current net worth.
What is Will Smith’s salary in 2021?
Will Smith’s annual pay can vary from $40 million to $80 million. Smith made about $45 million in the preceding year alone, according to Forbes in 2021—and that’s without producing any new films. Instead, the actor made the most of his money by socially isolating himself throughout the pandemic. From the comfort of his own home, he made millions with his material on Instagram, YouTube, Snapchat, and TikTok.
How much was Will Smith paid for Fresh Prince of Bel-Air?
While Smith’s part in Fresh Prince is undoubtedly his most well-known leading role to date, it didn’t pay off as well as you might think. That’s because Smith had tax issues with the IRS in the 1980s, owing anything from $2.8 million to $6 million in unpaid taxes following the success of his fledgling music career. Smith admitted that he was functionally “broke” while acting on the series and that he took on the Fresh Prince role in order to pay off his obligations. “The IRS took 70% of every check for the first three years of The Fresh Prince of Bel-Air, and after the third year, I was back to nothing.”
Will famously commented on an episode of 60 Minutes, “It’s dreadful to have that type of accomplishment and have to silently be broke.” “Being famous and broke is a shitcombination,” he said, “because you’re still famous and people remember you, but they don’t recognize you while you’re sitting next to them on the bus.”
Will Smith’s part in Fresh Prince, on the other hand, did a lot more for him than only get him out of debt. From 2006’s The Pursuit of Happyness through the Men in Black and Bad Boys sequels, and, of course, 2021’s King Richard, the series skyrocketed his career, garnering him roles in scores of blockbuster films.
How much was Will Smith paid for King Richard?
Will Smith is featured as “King” Richard Williams, the father of tennis players Venus and Serena Williams, in the film “King” Richard Williams, which was released in November 2021. According to The Hollywood Reporter, Smith was allegedly paid up to $40 million for the part. However, the actor, who also worked as a producer on the picture, did not keep all of his substantial earnings to himself.
THR has learned that the actor personally issued bonus checks to additional cast and crew personnel, including Venus and Serena stars Saniyya Sidney and Demi Singleton, Tony Goldwyn, Jon Bernthal, and Aunjanue Ellis, among others. Smith told ET of the choice, “It was a far more arduous process than anyone anticipated they were signing up for.” “I simply had a gut feeling about it.”
How does Will Smith spend his money?
Will Smith and his wife, Jada Pinkett Smith, have an interest in luxury automobiles and real estate, according to Wealthy Gorilla. According to the publication, the family has “a Bentley Azure, a Mayback 57s, a 1965 Ford Mustang, a Cadillac Escalade, and a Mercedes Benz GL450,” as well as various houses in the United States and throughout the world. Their Calabasas home alone is valued at $42 million. The Smiths do, however, have their own philanthropic foundation, “The Will and Jada Smith Family Foundation,” which according to Wealthy Gorilla has given over $1 million to charities and organizations all around the world.
What is Will Smith’s net worth in 2022?
Will Smith’s net worth is $350 million as of 2022, according to reports. These profits are the result of a three-decade career in the entertainment industry, which includes work as a rapper and behind-the-scenes employment as an actor and producer. Smith earned an estimated $10 million from his music career between 1988 and 1990.. Throughout the years, his shift into cinema and television earned him millions more, with films like 1995’s Bad Boys netting him an estimated $2 million. (In the meantime, Smith allegedly made $20 million for the sequel in 2003.)
Smith’s love for large blockbuster series has paid out handsomely, with his highest verified salary coming from his appearance in Men In Black 3 in 2013. According to reporters and journalists, Smith received $20 million upfront for this picture, plus a stunning $80 million in backend compensation owing to his 10% cut of gross box office receipts. Smith’s previous projects, such as I Am Legend from 2007 and I, Robot from 2004, grossed $25 million and $28 million, respectively. Later ventures, like Netflix’s Bright franchise, have consistently paid him more, with the first film in the series earning him $55 million and a sequel in the works.