All You Need to Know About “Will Smith Net Worth”

Will Smith net worth

In My Mind, I’ve Always Been an A-list Hollywood Superstar. Y’all Didn’t Know Yet.” Willard Caroll Smith Jr. or Will Smith is one of the most powerful Hollywood actors. He is an actor, musician, rapper, producer, comedian, and songwriter. What other talent does a person want for being successful? Here is an article with all you need to know about Will Smith net worth and career. 

Will Smith has an amazing fanbase. Every day there are thousands of searches on Google about Will Smith’s net worth, Will Smith age, Will Smith height, Will Smith net worth 2020, or Will Smith kids. If you are also a true Will Smith fan and interested in knowing more about how much is Will Smith net worth, then continue reading this article. 

Will Smith Net Worth – $350 Million 

Will Smith Introduction

Born: September 25, 1968

Age: 52

Country of Origin: Philadelphia, Pennsylvania, United States of America

Source of Wealth: Actor, Rapper, Producer, Songwriter

NickNames: Fresh Prince, Will, Mr. July

Height: 6’2″ (1.88m)

Marital Status: Married

Children: 3

Will Smith is a popular actor loved by millions. He has been one of the most lovable actors throughout his career. At 52, Will Smith’s net worth is $350 million, making him one of the world’s richest actors. 

Will Smith Net Worth

What is Will Smith net worth? Will Smith is one of the most talented and famous contemporary actors. Will Smith net worth is $350 million. Moreover, Will Smith is on the list of “2020 Celebrity 100 Earnings” of Forbes with a net worth of $44.5 million in 2020 (Source). 

Will Smith earns around $40 million every year from his different endeavors. Moreover, he has earned around $80 million in the past few years. For instance, between June 2019 and June 2020, he earned around $45 million from different endeavors.  

Apart from movies, Smith earns from various resources which contribute to Will Smith net worth. In 2017, Will started a new approach to social media. At present, he collects millions through Youtube, Instagram, and Tiktok.

The marketing tactics allow him to earn eight-figure salaries, such as the one he attained for the movie “King Richard.” During the coronavirus pandemic, Will signed a deal with Snapchat. It was for a lockdown series named “Will from Home.” His upcoming Netflix “Bright 2” is reported to be one of the highest paychecks ever.

From 1993 to 2013, Will earned around $200 million in bonuses and movie salaries. Will Smith received his biggest paycheck of $80 million for Men in Black 3 in 2013. In 2018, Will earned $20 million for starring in Netflix’s Bright. 

Will is considered a social media superstar. On Instagram, he has around 45 million followers. Moreover, he has around 8 million subscribers on Youtube, and on TikTok, he has approximately 30 million followers. After reading about his income sources and fan following, you may have got an idea about what is Will Smith net worth. 

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Early Life

Will Smith was born in West Philadelphia on September 25, 1968. He was raised by his mother, Caroline Bright, who was a school administrator and father, Willard Carroll Smith, Sr. who was a refrigerator engineer. Will has three siblings one older sister Pamela and two younger twins Harry and Ellen.  

Smith did his schooling at Overbrook High School. He got a scholarship at MIT, but he did not take it because he did not want to attend college. He always dreamt of becoming a rapper. 

One of Will’s friends Jeffrey Allen was a popular local DJ. He was known as DJ Jazzy Jeff. Will met Jef when he was performing on the street. Jeff needed a hype man, and Smith joined him, and they both developed instant chemistry. Eventually, they formed a group named DJ Jazzy Jeff & The Fresh Prince.

In 1986 the group signed a deal for Def Jam Record. Their first album was “Rock the House,” which was released in 1987. The album was gold, and it attained remarkable popularity. The second album was “He’s the DJ, I’m the Rapper.” It was released in 1988. The album was a smash hit and sold around three million copies. The duo released five albums together. Will earned his first Grammy in 1988 for the Rap category. 

IRS Issues

Will earned around $10 million between 1988 to 1990 from his musical career. He thought that his good time will last forever, so he spent the money spoiling himself as well as his friends. He purchases cars, houses, jewelry, clothes, and much more. 

Right around this time, Will won Grammy. Unfortunately, the audience started to grow tired of Jazzy Jeff and Will. Their song suddenly started becoming “rap sellouts.” 

Moreover, during this time, Will was also not paying his taxes. At the age of 21, he was informed that he did not pay $2.8 million worth of taxes. 

During this time, Smith was approached by Quincy Jones for starring in a TV show. He rejected the idea initially. Will thought that it would make him look like more of a sellout. However, the gig offered him an impressive paycheck. 

In case the show continued for more seasons, his salary would increase. With encouragement from the IRS, Smith signed for the show “The Fresh Prince of Bel-Air.” Moreover, the IRS garnished Will’s salary by 70% until his debt was settled. 

In 1993 Will paid around $500,000 to act in “Six Degrees of Separation.” He attained critical acclaim for this. His movie career boosted in 1995, after starring in the famous action-comedy, “Bad Boys”. He earned around $2 million for this movie. 

Since then, Smith has broken almost all the acting records by acting in some hit films worldwide, which increased Will Smith net worth and made him one of the highest-paid actors in the world. 

Music Career

Smith has always loved music. While working for films, he also released four solo albums. Two of these albums have gone platinum. In addition to this, Smith had various singles, including the ones in “Gettin’ Jiggy With It” and “Men in Black.” These songs got him two consecutive Grammy Awards. 

Awards and Achievements

Smith has been nominated for an Academy Award twice. The first was for playing the role of “Ali” in Muhammad Ali, and the other was for playing the role of Chris Gardner in “The Pursuits of Happyness.” Apart from this, Smith has four Grammy awards and has been nominated five times for Golden Globe Awards. 

Smith also has one Image Award, two BET awards, two People’s Choice Awards, four MTV Movie Awards, and two People’s Choice Awards. 

Personal Life

Will Smith has one child named Trey with his first wife, Shree Amino. Moreover, he has two children with his second wife, Jada Pinkett. She has been her wife since 1997. Their children Willow Smith and Jaden Smith are also in the entertainment industry. 

Real Estate

Will and Jada purchased an amazing 100-acre property worth $7.5 million in 1993. The property was located between Malibu and Calabasas in the hills. Over the next year, they purchased the parcels to combine together contiguous land of around 150-acres.  

The property includes a 20,000 square-foot house, various guest houses, tennis courts, a horse-riding ring, a private lake, and equestrian trails. At present, the worth of that property is $50 to $70 million. In 2015, they purchased a multi-home property worth $10 million and sold it for $12 million in 2017. 

Smith and Jada own a 9,000 square foot house in Hidden Hills, California. Moreover, they also have a ski chalet of 9,200 square feet in Park City, Utah. In total, Will owns the real estate of around $100 million around the world. 

Final Words

Will Smith net worth is $350 million. He is a famous American actor, producer, singer, rapper, and songwriter. Will is undoubtedly the most loved actor in Hollywood. He is one of the highest-paid actors from the last twenty years. He has earned around hundreds of millions of dollars from movie salaries. Will has achieved various impressive awards like Grammy, Academy Award, and has also been nominated for Golden Globe Awards. Will and Jada own an impressive real estate portfolio, including his properties around the country. If you find the information on Will Smith net worth impressive, drop a comment.