What is Will Smith’s Net Worth?
Full Name: Willard Smith Jr.
Date of Birth: September 25, 1968
Profession: Rapper, Actor, Film Producer, Comedian
Net Worth: $300 million
Will Smith has a net worth of $300 million and is one of the highest paid actors in Hollywood. Forbes also ranked him the most bankable star with his films grossing $7.5 billion globally. His icon performances as boxer Muhammad Ali in Ali (2001) and stockbroker Chris Gardner in The Pursuit of Happyness (2006) have earned him five Golden Globe and two Academy Award nominations.
Smith grew up in the hard streets of West Philadelphia. Smith had a modest upbringing with his mother working as a school board administrator, and his father a refrigerator engineer. Although Smith was admitted into the Massachusetts Institute of Technology, he skipped college to pursue a career as a rapper.
Russell Simmons and Jive Records released Will Smith and DJ Jazzy Jeff’s first album in 1987. With the singles “Parents Just Don’t Understand” and “Summertime” the album was a huge success. Smith spent money freely and under paid his taxes causing a $2.8 million debt to the IRS. Smith was nearly bankrupt in 1990, when with the help of Quincy Jones, he signed a contract with NBC to star in a family sitcom loosely based off of his life. “The Fresh Prince of Bel Air” ran for 6 seasons and launched Smith’s acting career.
One of Smith’s first films, 1995’s Bad Boys, had him starring alongside another TV star and comedian Martin Lawrence. Bad Boys grossed $141,407,024 worldwide. His next film, Independence Day became the second highest-grossing film in history at the time and proves Smith was a box office draw. He was now able to secure huge pay days for subsequent films.
Smith has made charitable donations to Christian, Jewish and Scientology organizations though he claims not be a member of any of these religious organizations. He also spent $1.2 million founding a private elementary school in California.
Not only has Smith earned big paydays from acting in film roles but his production company Overbrook Entertainment has created hits including Hitch, and the Karate Kid remake helping him to double his dollar.
Will Smith doesn’t earn money from celebrity endorsements however he did play apart in the creation of a sustainable spring water company with his son Jaden called Just Water. The company is publicly traded and is sure to add to Smith’s $300 net worth. Since joining Instagram in 2018, Smith’s popularity has grown. Over 22 Million people tune in to see his inspiring posts.