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Did You Know Will Smith’s &#8216;The Fresh Prince of Bel-Air&#8217; Once Saved Him From Going Nearly Bankrupt?

Will Smith

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Shraddha is an entertainment content writer at Netflixjunkie. Not only does she
find immense pleasure in reading literature classics and writing book reviews
about the same, but she's also much into movies and documentaries of
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yearly magazines of an international institute as a high schooler. Having
completed her +2 from KiiT Internationals, she looks forward to expanding her
literary skills in writing and journalism while also pursuing mass communication
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The journey of Will Smith Career from going almost bankrupt to becoming one of the most sought-after stars in the industry

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Did You Know Will Smith’s 'The Fresh Prince of Bel-Air' Once Saved Him From Going Nearly Bankrupt? - Netflix Junkie

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Shraddha is an entertainment content writer at Netflixjunkie. Not only does she find immense pleasure in reading literature classics and writing book reviews about the same, but she's also much into movies and documentaries of world-renowned personalities as well. She's also been the Editor in chief of two yearly magazines of an international institute as a high schooler. Having completed her +2 from KiiT Internationals, she looks forward to expanding her literary skills in writing and journalism while also pursuing mass communication as a profession simultaneously.

Rapper and actor Willard Carroll Smith II was born in the United States on September 25, 1968. He has won several honors, including four Grammy Awards, an Academy Award, and a British Academy Film Award. His films have generated approximately $9.3 billion at the worldwide box office as of 2023, making him one of Hollywood's most bankable performers.


Will Smith Net Worth 2023
Will Smith reportedly has a net worth of $350 million, making him one of the world's wealthiest actors. Smith, 54, is an American actor, rapper, and composer. He has had an immensely brilliant career spanning more than three decades, and he is unquestionably one of the most likable performers. Thanks to his international stardom and illustrious career Will Smith charges somewhere between $40-$80 million per movie. His music career also gave Will incredible popularity and wealth. His hits such as 'Parents Just Don't Understand' and 'Ring My Bell' have charted on the Billboard Hot 100.

Will Smith has a passion for luxury automobiles and real estate and likes to spend a good part of his net worth on them. The actor 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. His Calabasas home alone is valued at $42 million. Having said that, the Smiths also have their own philanthropic organization, The Will and Jada Smith Family Foundation, which Will established with his wife Jada.

[caption id="attachment_101536" align="aligncenter" width="2560"] May 31, 2013 - New York, New York, U.S. - Will Smith and son Jaden at Good Morning America in Central Park. - ZUMAct2[/caption]

Apart from starring in more than 40 films and TV shows, another major contributor to Will Smith's net worth has been his investments in various startups. Will Smith is the owner of multiple enterprises such as Overbrook Entertainment, Westbrook, and Dreamers VC. He also is an investor in a number of startups like BioBeats, Carol’s Daughter, and Landis.
Early Life and Career of Will Smith
Will Smith was born William Carroll Smith Jr. on September 25, 1968 in Philadelphia, Pennsylvania. Smith was affectionately referred to as 'Prince' by friends, family, and acquaintances. He grew up as a Baptist in West Philadelphia's Wynnefield neighborhood. He has an older sister called Pamela, as well as twins Harry and Ellen.

[caption id="attachment_89055" align="aligncenter" width="2560"] LONDON, ENGLAND - NOVEMBER 17: Will Smith attends the photo call for "King Richard" at Wimbledon on November 17, 2021 in London, England. (Photo by Jeff Spicer/Getty Images for Warner Bros.)[/caption]

He attended Our Lady of Lourdes Elementary School in Philadelphia, as well as Overbrook High School. His parents divorced in the year 2000 after they parted when he was 13. Smith began rapping when he was 12 years old. When his granny discovered a journal containing his lyrics. 

Smith began his career as the MC of the hip-hop combo DJ Jazzy Jeff &amp; the Fresh Prince, with boyhood buddy Jeffrey "DJ Jazzy Jeff" Townes on turntables and production. Smith rose to prominence with his lighthearted story-telling raps and proficient, but profanity-free, battle rhymes. A month before Smith graduated from high school, the single became a success.

[caption id="attachment_89067" align="aligncenter" width="2560"] HOLLYWOOD, CA - FEBRUARY 24: Actor Will Smith attends the Warner Bros. Pictures' "Focus" premiere at TCL Chinese Theatre on February 24, 2015 in Hollywood, California. (Photo by Jason Merritt/Getty Images)[/caption]

Smith's breakthrough roles were in the drama <a href="https://www.netflixjunkie.com/hollywood-news-i-fell-in-love-with-before-jada-pinkett-smiths-entanglement-will-smith-confessed-to-being-in-love-with-his-co-star/">Six Degrees of Separation</a> (1993) and the action picture Bad Boys (1995), both of which he co-starred with Martin Lawrence. The latter picture was a commercial success, collecting $141.4 million globally. However, the critical reaction was mixed. Smith appeared in Roland Emmerich's Independence Day as part of an ensemble cast in 1996. The film was a huge box office success, becoming the second highest-grossing picture in history at the time and establishing Smith as a top box office draw.
Will Smith’s wife
In 1992, Smith married Sheree Zampino. On November 11, 1992, their son Willard Carroll "Trey" Smith III was born. In 1995, the couple divorced.  On December 31, 1997, Smith married actress Jada Koren Pinkett Smith. They met when Pinkett joined the cast of The Fresh Prince of Bel-Air as Smith's character's girlfriend. 

[caption id="attachment_106897" align="aligncenter" width="4398"] BURBANK, CA - OCTOBER 22: (L-R) Actor Trey Smith, singer Willow Smith and actors Jaden Smith, Jada Pinkett Smith and Will Smith attend the Environmental Media Association 26th Annual EMA Awards Presented By Toyota, Lexus And Calvert at Warner Bros. Studios on October 22, 2016 in Burbank, California. (Photo by Phillip Faraone/Getty Images for Environmental Media Association )[/caption]

Jaden Christopher Syre Smith (born 1998) and Willow Camille Reign Smith (born 2000) are their two children. Smith and his wife Jada have acknowledged unusual marriage practices, jokingly referring to their relationship as a "bad marriage for life." Jada Pinkett Smith is a talk show host and actress from the United States. She is a Daytime Emmy Award-winning co-host of the Facebook Watch chat program Red Table Talk. Overbrook Entertainment and Westbrook Inc. are her and Will Smith's joint production companies.
Will Smith’s Movies
Smith rose to prominence after appearing in his debut picture, Where the Day Takes You (1992), and soon established himself as one of Hollywood's most successful and bankable performers. He presently holds the record for the most consecutive $100 million-plus box office hits in the United States, with eight. Smith starred as Daryl in the 2017 film Bright, which broke the record for the most-watched Netflix film ever in its first week and became the first major Hollywood film to bypass theatrical release in favor of simultaneous viewing by more than 100 million people worldwide. 



Smith won the highest-paid movie part of all time for his portrayal as Agent J in Men in Black 3 (2012), allegedly earning $100 million for the film; moreover, Smith became the sixth black actor to win the Academy Award for Best Actor in 2022. As of present Will Smith has been associated with multiple projects such as Bad Boys 4 and even a Netflix film called Family Man, <a href="https://www.netflixjunkie.com/music-news-its-just-crazy-ghanian-blogger-once-paid-4000-to-see-kanye-west-in-coachella-festival-only-for-the-rapper-to-back-out/">the news of which had a mixed reaction from fans.</a>
Will Smith’s Music Career
When the song Parents Just Don't Understand won in the first rap categories at both award shows, his efforts as a member of DJ Jazzy Jeff &amp; the Fresh Prince made them the first rap act to win a Grammy Award, as well as the first to win an MTV Video Music Award for Best Rap Video. 



He has been dubbed "one of the most important rappers of all time" by XXL.[160] His debut solo album Big Willie Style (1997) is one of the best-selling rap albums of all time as of 2013.
Will Smith’s IRS Problem
In his memoir, Smith stated that in 1990, he received a notification from the IRS indicating that he owed them<a href="https://www.netflixjunkie.com/hollywood-news-how-will-smith-went-from-fresh-prince-to-the-in-debt-prince-with-two-eight-million-dollars/"> $2.8 million in past taxes</a>. Smith's financial problems were shown to be the result of excessive spending and poor investment decisions. He had spent millions of dollars on lavish goods such as vehicles, jewelry, and mansions without considering their long-term value or resale value.  

[caption id="attachment_89042" align="aligncenter" width="2560"] BEVERLY HILLS, CALIFORNIA - MARCH 24: Will Smith speaks onstage during the 2022 15th Annual ESSENCE Black Women In Hollywood Awards Luncheonat Beverly Wilshire, A Four Seasons Hotel on March 24, 2022 in Beverly Hills, California. (Photo by Rich Polk/Getty Images for ESSENCE)[/caption]

This IRS dispute stunned Smith's family and financial team, but Smith himself wasn't surprised by what happened. He quickly got to work. Smith first acknowledged borrowing money to assist pay off the initial rounds of debt. He subsequently learned about investing tactics from professionals such as Warren Buffett and began making wiser investment selections based on good financial concepts, paying off the IRS with money from Fresh Prince of Bel-Air and other acting engagements.
Will Smith’s Biggest Paychecks
Will made $20 - $30 million for each film during the height of his success in the 2000s. In recent years, he has received enormous single-film pay from Netflix. He allegedly made $20 million for the Netflix film Bright in 2017 and $35 million for its sequel. He won $60 million in incentives for King Richard.

[caption id="attachment_89065" align="aligncenter" width="2560"] HOLLYWOOD, CA - FEBRUARY 24: Actor Will Smith arrives at the Los Angeles World Premiere of Warner Bros. Pictures 'Focus' at TCL Chinese Theatre on February 24, 2015 in Hollywood, California. (Photo by Axelle/Bauer-Griffin/FilmMagic)[/caption]

 	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% of gross
 	Bad Boys 2 $20 million + 20% of gross
 	I, Robot: $28 million
 	Shark Tale: $15 million
 	Hitch:$20 million
 	Pursuit of Happyness$10 million + 20% of gross
 	I Am Legend $25 million
 	Hancock: $20 million + 20% of gross
 	Bright: $20 million
 	Bright 2: $35 million
 	King Richard: $60 million
 	Emancipation: $35 million


Smith contributed $4,600 to Democrat Barack Obama's presidential campaign in 2008. He and his wife organized the Nobel Peace Prize Concert in Oslo, Norway, on December 11, 2009. It was to commemorate Obama's award. Smith stated his support for same-sex marriage legalization in 2012.

 Will Smith Oscar Awards Incident
Smith stepped onstage at the 94th Academy Awards on March 27, 2022, and smacked presenter and comedian Chris Rock, who had joked about Smith's wife Jada Pinkett Smith's shaved head with a reference to the main protagonist in the film G.I. Jane. Smith then shouted at Rock, shouting repeatedly, "Keep my wife's name out of your f*#king mouth!" According to the Academy of Motion Picture Arts and Sciences (AMPAS), Smith was asked to leave the event but refused.

[caption id="attachment_89064" align="aligncenter" width="2560"] HOLLYWOOD, CA - March 27, 2022. Chris Rock and Will Smith onstage during the show at the 94th Academy Awards at the Dolby Theatre at Ovation Hollywood on Sunday, March 27, 2022. (Myung Chun / Los Angeles Times via Getty Images)[/caption]

Later that night, Smith won Best Actor for King Richard. In his victory speech, he apologized to the Academy and the other candidates, but not to Rock. Following popular outrage, Smith apologized in a public Instagram post. Following the event, ABC, AMPAS, and the Screen Actors Guild all criticized Smith, forcing the Academy's Board of Governors to launch an inquiry. According to the Los Angeles Police Department, Rock declined to seek charges against Smith.
Will Smith’s Real Estates
Will Smith and Jada Pinkett Smith have accomplished a great deal in their 26-year partnership.  The Smiths appear to be capable of doing everything, including investing in multiple spectacular homes across the world. Their real estate portfolio, like the multi-hyphenate marriage, is diverse, including a huge Calabasas mansion and a $2.5 million motor home. 

[caption id="attachment_89059" align="aligncenter" width="2560"] LOS ANGELES, CALIFORNIA - MARCH 13: Will Smith and Jada Pinkett Smith attend the 27th Annual Critics Choice Awards at Fairmont Century Plaza on March 13, 2022 in Los Angeles, California. (Photo by Alberto E. Rodriguez/Getty Images for Critics Choice Association)[/caption]

Over the previous two decades, the power couple has lived in nine different residences an $11.3 Million Mansion, in Hidden Hills, California, a $937,500 Dwelling, in Bryn Mawr, Pennsylvania, a $700,000 Humble Abode, in Philadelphia, Pennsylvania, a $3.4 Million Mansion, Hidden Hills, California, a $2.5 Million Motor Home, a $42 Million Mansion, Calabasas, California, a $13.5 Million Beach House, Hanalei, Kauai, Hawaii, A $910,000 Mediterranean-Style Abode, Woodland Hills, California, a $10 Million Compound, Kilauea, Kauai, Hawaii
Investments by Will Smith
Smith and his brother Harry operate Treyball Development Inc., a Beverly Hills-based firm named after Trey Smith. Will Smith is more than simply a well-known actor; he is also an investor with a diverse array of asset classes. One of his major interests is in luxury vehicles, including models from high-end manufacturers such as Rolls Royce, Bentley, and Maybach. He has also made considerable investments in real estate, mostly in multi-million dollar estates around the United States, such as beachside palaces in Hawaii and massive adobe houses in California.

[caption id="attachment_89061" align="aligncenter" width="2560"] MADRID, SPAIN - JANUARY 13: Actor Will Smith attends "Seven Pounds" photocall at Teatro Real on January 13, 2009 in Madrid, Spain. (Photo by Carlos Alvarez/Getty Images)[/caption]

Smith has also invested in a number of enterprises, including his own film production firm, venture funds, digital health platforms, cosmetic brands, and music businesses. Smith invests in sports, notably the Philadelphia 76ers and the esports organization Gen.G, in addition to generating millions from social media. His philanthropic organization, The Will and Jada Smith Family Foundation, has given more than $1 million to various charities.



Name
Willard Carroll Smith, Jr


Birth Date
September 25, 1968


Net Worth
$375 Million


Pay Per-Movie
$40-$80 million per movie


Parents
Willard Carroll Smith Sr., Caroline Bright


Siblings
Ellen Smith, Harry Smith, Pam Smith


Wife
Jada Pinkett Smith (m. 1997), Sheree Zampino (m. 1992


Kids
Jaden Smith, Willow Smith, and Trey Smith


Height 
6 feet 2 inches (approx. 1.88m)

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