Will Smith is an actor, producer of movies, and rapper who has long been one of the most well-known and well-liked figures in the world. Will Smith’s net worth is currently estimated to be $350 million. Will Smith’s annual income from his several projects averages at least $40 million and has occasionally reached $80 million. For instance, Will made $45 million from his numerous projects, largely film salaries, between June 2019 and June 2020.
Will Smith was born William Carroll Smith Jr. on September 25, 1968 in Philadelphia, Pennsylvania. Because of some of his habits, Smith was affectionately referred to as “Prince” by friends, family, and acquaintances. He began rapping at the age of 12, and his interest in studies gradually waned. He eventually abandoned his plans to pursue higher education in favor of a career in rap. He met Jeffrey Allen Townes, with whom he became friends.
He has three siblings: Pamela, his older sister, and Harry and Ellen, his younger twins.
Smith attended Overbrook High School and was offered a scholarship to MIT, which he declined because he had no intention of attending college. His ambition was to become a rapper, and he set out to achieve that goal.
Jeffrey changed his name to ‘DJ Jazzy Jeff,’ and Smith to ‘Prince,’ and the two began making music together. The song ‘Girls and Nothing,’ released in 1986, became their first hit. Smith’s debut album, ‘Rock the House,’ was a big hit in 1987. Smith became an overnight millionaire at the age of 18 thanks to the album. DJ Jazzy Jeff and Fresh Prince have collaborated on several hit albums and songs.
Will Smith first came to public attention on January 17, 1980, when he began rapping. Will Smith’s song Parents Just Don’t Understand, co-written with his best friend DJ Jazzy, became a huge hit.
Will earned approximately $10 million from his music career, according to Celebrity Net Worth. The star also won a Grammy, but his life was turned upside down when he failed to pay his income taxes. Will Smith admitted to underpaying “Uncle Sam,” and said he had to borrow $10,000 from a drug dealer friend.
According to Will Smith: A Biography, the actor was ultimately hit with a $2.8 million tax obligation by the Internal Revenue Service, which resulted in the seizure of his assets.
The celebrity was nearly bankrupt and was in total financial ruin.
According to the reports, the IRS withheld 70% of his compensation from projects and collaborations over a period of two years.
But thanks to a TV part, he was able to get his life back on track.
Under the alias The Fresh Prince, Will rose to stardom as a rapper in the late 1980s. The popularity of the NBC program The Fresh Prince of Bel-Air, however, didn’t allow the performers’ recognition to grow abroad until the 1990s.
By portraying himself in the series, the actor, who was broke and in debt, enjoyed great success. He went on to appear in big-budget films, which helped him establish his reputation in Hollywood.
He appeared in blockbusters like Enemy of the State, Men in Black, and Independence Day, becoming a household name and movie star (1998). However, Will Smith’s career was furthered when he played Mike Lowrey in the critically acclaimed Bad Boys trilogy.
Will’s Love Story
The actor had two marriages. The actor recently revealed that he and his wife, Jada Pinkett, had an open relationship. In 1997, Will Smith wed Jada Koren Pinkett; they later had Jaden C. Smith and Willow Smith. Jada acknowledged having an affair with August Alsina while still married to Will.
Both of them have a total of more than 9 US properties. Sheree Ampino was Will’s first wife, and the two were wed from 1992 to 1995. Trey is their son’s name.