what is will smith’s net worth and salary?
will smith is an actor, film producer and rapper who has been one of the most famous and popular celebrities in the world for decades. As of this writing, Will Smith has a net worth of $350 million. Each year, Will Smith earns at least $40 million from his various endeavors and has earned as much as $80 million in some years. For example, between June 2019 and June 2020, he earned $45 million from his various endeavors, mostly movie salaries.
At the height of his career in the early 2000s, he made $20-$30 million per film. In recent years, she has earned massive salaries from a single Netflix movie. He reportedly earned $20 million for the 2017 Netflix movie “Bright” and $35 million for its sequel. With bonuses, he earned $60 million (and an awkward Academy Award) for “King Richard.”
He’s also something of a social media superstar. At the time of writing this article, she has more than 45 million followers on Instagram, 8 million subscribers on YouTube, and 30 million followers on TikTok.
will smith was born and raised in west philadelphia from modest beginnings as the son of a school administrator and refrigeration engineer. One of his childhood friends was Jeffrey Allen Townes, a popular local DJ and eventually known as DJ Jazzy Jeff. They met by chance when Jeff was busking and they needed a firefighter. Smith jumped at the chance and the two had instant chemistry. they would eventually form a group called dj jazzy jeff & the fresh prince.
in 1986 they caught russell simmons year on def jam records who signed them to a contract. His debut album “Rock the House” was released in 1987. The album went gold. His second album “He’s the DJ, I’m the Rapper” was released in 1988. It was a huge success, selling over three million copies. in total, the duo would release five albums together.
in 1988, he won the first grammy in the newly created rap category.
Between 1988 and 1990, Will Smith earned approximately $10 million from his music career. assuming the good times would last forever, she proceeded to spend her money as if it were going out of style. she bought houses, cars, clothes, jewelry and much more. he not only pampered himself, he also pampered his friends and family. Unfortunately, just as he won the Grammy, radio audiences were beginning to tire of Will and Jazzy Jeff. his “radio-friendly” songs were suddenly mocked as “sellout rap.”
also, unfortunately, during the good times, will didn’t pay his taxes. At age 21, Will was told that he failed to pay $2.8 million in taxes during his fat years. that’s the same as about $6 million in debt after adjusting for inflation. Speaking of his difficult years in a 2018 interview, Smith said:
“being famous and broke is a shit combination because you’re still famous and people recognize you, but they recognize you while you’re sitting next to them on the bus.”
around this time, super producer quincy jones approached will about starring in a television show. initially, he will vehemently reject the idea of starring in a television sitcom. he was terrified that this would make him seem even more sold. but on the bright side, the gig came with a big paycheck.
If the show were renewed for more seasons, the salary would increase. With not-so-subtle encouragement from the IRS, she will sign on to star in the newly titled sitcom “The Fresh Prince of Bel Air.” The IRS has also arranged for 70% of Will’s wages to be garnished until his debt is paid in full.
During an interview with 60 Minutes Years Later, Will had this to say about his early days on television:
“for the first three years of fresh prince of bel-air, the irs kept 70 percent of every check and after the third year it was back to zero. it’s terrible to have that kind of success and they have to be silently bankrupt“.
On top of his successful sitcom, in 1993 he was paid $500,000 to star in “Six Degrees of Separation,” 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 earned $2 million. her years later she would earn $20 million to appear in the sequel.
the best salaries
In the 20 years between 1993 and 2013, he earned $200 million in movie salaries and bonuses. At the time of this writing, his movie earnings are easily over $300 million, perhaps much more if some of his reported back-end deals are accurate. Will’s biggest confirmed payday came in 2013 when he earned $20 million in starting salary and $80 million in backend points from Men in Black 3 thanks to his 10% cut of the gross. He also reportedly had 20% of the grosses from Bad Boys 2, Hancock, and The Pursuit of Happyness. although it could be possible that he actually had 20% of the net profits, as opposed to the gross, which would be significantly different numbers. if he really has gross points, he would have made $355 million from those four movies alone.
in 2007 i will win $25 million for i am legend.
His largest initial payday was the $28 million he earned for i, robot. In 2018, she earned $20 million to star in Netflix’s Bright. Netflix reportedly paid $35 million to reprise her role in Bright 2.
for the 2021 film “king richard” smith received an advance payment of $20 million. Covid caused the Warner Brothers to put the film on their HBO Max streaming service without a major theatrical run. To offset the millions Smith would have made from the backend points from the movie tickets, the Warner Brothers paid Smith a $40 million bonus. that brought his total payment for the film to $60 million.
for the film “emancipation” will smith received $35 million in advance.
Below is a bullet point list of some of the movie salaries earned by will smith:
- bad boys: $2 million
- independence day: $5 million
- men in black: $5 million
- enemy of the state: $14 million
- wild wild west: $7 million
- the legend of bagger vance: $10 million
- ali: $20 million
- men in black 2 : $20 million plus 10% gross
- bad guys 2: $20 million + 20% gross
- i, robot : $28 million
- shark tale: $15 million
- down payment: $20 million
- pursuit of happiness: $10 million + 20 % of gross
- I am legend: $25 million
- hancock: $20 million + 20% of gross
- brilliant: $20 million
- brilliant 2: $35 million
- king richard: $60 million
- emancipation: $35 million
smith never gave up music, and while simultaneously working on his films, he released four solo albums, two of which have gone platinum. Smith had numerous hit singles, including “Men in Black” and “Gettin’ Jiggy Wit It,” earning Smith two consecutive Grammy Awards for Best Rap Solo Performance.
smith was twice nominated for an academy award, both for portraying real people, muhammad ali in “ali” and chris gardner in “the pursuit of happiness”. Among his awards, Smith has two BET Awards, one Image Award, four MTV Movie Awards and two People’s Choice Awards.
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 with his first wife, Sheree Ampino.
will and jada own about 10 properties in the united states. here is a brief breakdown of its most notable current and former properties:
In 1999, Will and Jada spent $7.5 million 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 join 150 acres of adjoining land. The property features a 20,000-square-foot main house, several guest houses, a private lake, a riding arena, equestrian trails, stables, tennis courts, and much more. The house also features a meditation room, a retractable skylight in the main living room, and the recording studio where Willow Smith recorded her first hit, “Whip My Hair.” Outside Jada and Will Smith’s home, there’s a man-made lake, a pool designed to resemble a lagoon, volleyball, basketball, and tennis courts, and several buildings to relax in when you’re not playing. They designed the property in a Santa Fe style after falling in love with actor Gene Hackman’s Santa Fe home. In fact, they hired architect Santa Fe de Hackman for the project, which took years to get off the ground due to environmental concerns and permitting restrictions. in 2013 they quietly listed the property for $42 million but failed to find a buyer. Today, this property alone is probably worth between $50 and $70 million.
In 2017, Will and Jada sold their 7-acre oceanfront resort on Kauai for $12 million. they purchased the multi-home property in 2015 for $10 million. In 2011 they sold a different Hawaiian beachfront property on 7 acres for $20 million to Ekaterina Rybolovlev, the daughter of billionaire Russian oligarch Dmitry Rybolovlev.
They also own a 9,000 square foot home located in a gated community in hidden hills, california and a 9,200 square foot ski chalet in park city, utah.
In September 2021, will and jada paid just over $11 million for a 10,400-square-foot home in hidden hills, california.
In total, the Smiths own at least $100 million in real estate worldwide that we know of.
will smith has a net worth of $350 million. he is one of the highest paid actors of the last twenty years, having earned hundreds of millions of dollars in moving salaries alone. Will and his wife, Jada, have an impressive real estate portfolio that includes properties across the country.