Will Smith Net Worth 2022
Will Smith Net Worth 2022
What is Will Smith Net Worth 2022 and Salary?
Will Smith is a well-known and well-liked actor, film producer, and rapper who has been one of the world’s most well-known and well-liked celebrities for decades. Will Smith’s net worth as of this writing is $350 million. Will Smith earns at least $40 million per year and has earned up to $80 million in some years from his various endeavors. Will, for example, earned $45 million between June 2019 and June 2020 from his various endeavors, primarily film salaries.
Will Smith Net Worth 2022 and Details
| Net Worth: | $350 Million |
| Date of Birth: | Sep 25, 1968 (53 years old) |
| Gender: | Male |
| Height: | 6 ft 2 in (1.88 m) |
| Profession: | Actor, Film Producer, Record producer, Television producer, Rapper, Screenwriter |
| Nationality: | United States of America |
Will earned $20 – $30 million per film at the height of his career in the 2000s. In recent years, he has received enormous single-film pay from Netflix. He reportedly made $20 million for the Netflix film “Bright” in 2017 and $35 million for its sequel.
He’s also something of a social media phenomenon. Will has over 45 million Instagram followers, 8 million YouTube subscribers, and 30 million TikTok followers as of this writing.
Early Life
Will Smith, the son of a school administrator and a refrigerator engineer, was born and raised in West Philadelphia. One of his childhood friends was Jeffrey Allen Townes, a popular local DJ known as DJ Jazzy Jeff. They met by chance when Jeff needed a hype man for a show down the street. Smith jumped at the chance, and the two hit it off right away. They would later form the group DJ Jazzy Jeff & The Fresh Prince.
In 1986, they were discovered by Russell Simmons at Def Jam Records, who signed them to a contract. In 1987, they released their debut album, “Rock the House.” The album was certified gold. In 1988, they released their second album, “He’s the DJ, I’m the Rapper.” It was a huge success, selling over three million copies. The duo would work on five albums together.
Will won the first Grammy for the newly formed Rap category in 1988.
IRS Problems
Will Smith earned approximately $10 million from his musical career between 1988 and 1990. Will spent his money like it was going out of style, assuming that the good times would last forever. He bought houses, cars, clothes, jewelry, and other items. He didn’t just spoil himself; he also lavished his friends and family with gifts. Unfortunately, around the time he won the Grammy, radio listeners were growing tired of Will and Jazzy Jeff. Their “radio-friendly” songs were suddenly mocked as “rap sell-outs.”
Will, unfortunately, did not pay 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. After adjusting for inflation, that equates to about $6 million in debt.
Will was approached about starring in a television show by super-producer Quincy Jones around this time. Will was initially adamantly opposed to the idea of starring in a TV sitcom. He was terrified that this would make him look like an even bigger scumbag. On the plus side, the job came with a sizable pay package.
The salary would rise if the show was renewed for another season. Will agreed to star in the newly titled sitcom “The Fresh Prince of Bel Air” after receiving some not-so-subtle encouragement from the IRS. The IRS also had 70% of Will’s salary garnished until his debt was completely paid off.
Will revealed the following about his early TV days in an interview with 60 Minutes years later:
“The IRS took 70% of every check for the first three years of The Fresh Prince of Bel-Air, but after the third year, I was back to zero. It’s terrible to have that kind of success and then go broke.”
Film Star | Will Smith Net Worth 2022
Riding high on the success of his hit sitcom, Will was paid $500,000 to star in “Six Degrees of Separation” in 1993, for which he received critical acclaim.
His film career took off in a big way in 1995, when he co-starred in the hit action-comedy “Bad Boys,” for which he received a $2 million paycheck. Years later, he’d earn $20 million for his role in the sequel.
Biggest Paychecks
Will earned $200 million in movie salaries and bonuses between 1993 and 2013. As of this writing, his film earnings easily exceed $300 million, and may be much higher if some of his reported backend deals are correct. Will’s biggest confirmed payday came in 2013, when he received a $20 million upfront salary and an additional $80 million in backend points from Men In Black 3 thanks to his 10% cut of the gross.
He was also said to own 20% of the profits from Bad Boys 2, Hancock, and Pursuit of Happiness. Though it is possible that he had 20% of net profits rather than gross profits, which would be significantly different numbers. If he has gross points, he would have made $355 million from just those four films.
Will earned $25 million for I Am Legend in 2007.
His largest one-time payment was $28 million for I, Robot. He earned $20 million in 2018 for his role in Netflix’s Bright. Will was reportedly paid $35 million by Netflix to reprise his role in Bright 2.
Music Career
Smith never stopped making music, and while working on his films, he released four solo albums, two of which went platinum. Smith had a string of hit 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 his performance as Muhammad Ali in “Ali” and again for his performance as Chris Gardner in “The Pursuit of Happiness.” Smith has received two BET Awards, one Image Award, four MTV Movie Awards, and two People’s Choice Awards to his name.
Personal Life
Will and his wife, Jada Pinkett Smith, have two children. They have been married since 1997. Jaden Smith and Willow Smith, their children, both work in the entertainment industry. With his first wife, Sheree Ampino, he also has a son named Trey.
Real Estate | Will Smith Net Worth 2022
Will and Jada have approximately ten properties in the United States. Here is a list of their most notable current and former properties:
Will and Jada spent $7.5 million in 1999 to purchase a stunning 100-acre estate in the hills between Malibu and Calabasas, California. Over the next year, they purchased several nearby parcels to create 150 acres of contiguous land. The estate includes a 20,000-square-foot main house, several guest houses, a private lake, a horse riding ring, equestrian trails, stables, tennis courts, and many other amenities.
After falling in love with actor Gene Hackman’s Santa Fe home, they decided to design the property in the same style. They hired Hackman’s Santa Fe architect for the project, which took years to get started due to environmental concerns and permit restrictions. They quietly listed the property for $42 million in 2013 but were unable to find a buyer. This property alone is likely to be worth $50 – $70 million today.
Will and Jada sold their seven-acre oceanfront compound on Kauai for $12 million in 2017. In 2015, they paid $10 million for the multi-family property. In 2011, they sold a different oceanfront Hawaiian property on 7 acres to Ekaterina Rybolovlev, the daughter of billionaire Russian oligarch Dmitry Rybolovlev, for $20 million.
They also own a 9,000-square-foot home in Hidden Hills, California, and a 9,200-square-foot ski chalet in Park City, Utah. Will and Jada paid slightly more than $11 million for a 10,400-square-foot home in Hidden Hills, California, in September 2021.
The Smiths own at least $100 million in real estate around the world, according to public records.
Summary | Will Smith Net Worth 2022
Will Smith net worth 2022 is estimated to be $350 million. He is one of the highest-paid actors of the last two decades, with move salaries alone totaling hundreds of millions of dollars. Will and his wife, Jada, have a sizable real estate portfolio that includes properties all over the country.
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