Will Smith Net Worth 2022 (Forbes) – How Did He Get Rich? Exposed!

With income from acting, music and investments, Will Smith has amassed a net worth of $350 Million. Will Smith is a hugely popular American actor who began his career as a rap artist by teaming up with turntabler DJ Jazzy Jeff and beatboxer Ready Rock C. 

He is also known for his rap music. He was known for being an intelligent student at Overbrook High School in Philadelphia who decided against attending college to pursue a career in music. He was successful as a singer and won a ‘Grammy Award’. 

At the age of 25, he ventured into film and made his debut with the famous movie ‘Six Degree of Separation’. From then on, there was no turning back for this talented young star. 

With blockbuster movies like ‘Independence Day’, ‘I, Robot’, ‘I Am Legend’, ‘Enemy of the State’, ‘The Pursuit of Happyness’, ‘Ali’ and ‘King Richard’, Will Smith has won numerous awards and accolades including an ‘Academy Award’, a ‘Critics’ Choice Movie Award’, a ‘British Academy Film Award’, a ‘Screen Actors Guild Award’, four ‘Grammy Awards’ and a ‘Golden Globe Award’. His powerful performances show his versatility and promise that this star is here to stay. 

According to many directors, the actor was like a breath of fresh air, embodying emotional roles with the same ease as an action hero. 

Among his numerous brilliant films, ‘Men in Black’, a science fiction comedy, was a film that became a huge success among moviegoers around the world. 

The popularity of the first film inspired the sequels of the ‘Men in Black’ series, which were praised by fans and critics alike.

Today we’re going to discuss how much money Will Smith has and how he builds his net worth.

At the end of this article, we will also tell you how to get rich like Will Smith. So be sure to read to the end.

Will Smith Net Worth

Will Smith has an estimated net worth of $350 Million. Will Smith transitioned from successful rapper to Hollywood A-lister, starring on ‘The Fresh Prince of Bel-Air’ before headlining such films as ‘Independence Day,’ ‘Men in Black’ and ‘Ali.’ He earned the majority of his income from movies and TV shows.

Will Smith met Jeff Townes at the age of 16, and the two went on to have a highly successful rap career as DJ Jazzy Jeff & The Fresh Prince. Smith spent six seasons on the sitcom The Fresh Prince of Bel-Air before breaking out as a Hollywood A-lister with Bad Boys (1995) and Independence Day (1995). (1996). Since then, he has starred in films such as Men in Black (1997) and Hitch (2005), and he has received Oscar nominations for Ali (2001) and The Pursuit of Happiness (2005). (2006). Smith also received praise for his work in Concussion (2015) before returning to action films with Suicide Squad (2016).

To calculate the net worth of Will Smith, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as student loans and credit card debt, are included in total liabilities.

Here’s the breakdown of his net worth:

Name: Will Smith
Net Worth: $350 Million
Monthly Salary: $3 Million+
Annual Income: $40 Million+
Source of Wealth: Actor, Film Producer, Record producer, Television producer, Rapper, Screenwriter

Will Smith’s Early Life

Smith was born Willard Carroll Smith Jr. on September 25, 1968, in Philadelphia, Pennsylvania, to mother Caroline, a school board employee, and father Willard C. Smith, a refrigeration plant owner. He grew up middle class and attended the strict Catholic school Our Lady of Lourdes, although his family was of the Baptist faith. He later attended Overbrook High School.

His West Philadelphia neighborhood was a melting pot of cultures, where Orthodox Jews coexisted with a large Muslim population. Smith was a good student whose charming personality and quick tongue were known to get him out of trouble, a trait for which he soon earned the nickname “Prince.”

Smith began rapping at the age of 12, emulating heroes like Grandmaster Flash but coloring his rhymes with a comedic element that would later become his trademark. At 16, Smith met his future colleague Jeff Townes at a party. The two became friends, and the duo DJ Jazzy Jeff & The Fresh Prince was born.

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Music Career

As teenagers, DJ Jazzy Jeff & The Fresh Prince began producing music, but stayed away from the gangsta rap sound being developed on the West Coast by groups like N.W.A.. Their first single, “Girls Am not Nothing But Trouble,” was a hit in 1986. 

Their 1987 debut album Rock the House reached the Billboard Top 200 and made Smith a millionaire before he was even 18. The early success dispelled any thought of Smith attending college.

Early on, it was reported that Smith had turned down a scholarship to the elite Massachusetts Institute of Technology (MIT) in Boston, but Smith later dispelled the rumor when he told an interviewer, “My mother, who worked for the Philadelphia school board, had a friend who was an admissions officer at MIT. I had pretty good SAT grades and they needed black kids, so I probably could have gotten in. But I had no intention of going to college.”

In 1988, DJ Jazzy Jeff & The Fresh Prince continued their success with the album He’s The DJ, I am The Rapper. Featuring radio-friendly singles “Parents Just Do not Understand,” “Brand New Funk” and “Nightmare on My Street,” the album won the first-ever Grammy Award for Best Rap Performance. It was followed in 1989 by And In This Corner…, which further propelled the pair’s rise.

Movies and TV Shows

The Fresh Prince of Bel-Air

Smith began his transition to acting. NBC took advantage of his experience as a young star and signed Smith to star in a sitcom about a smart kid from Philadelphia who moves in with his stuffy relatives in the posh Los Angeles neighborhood of Bel-Air. The series The Fresh Prince of Bel-Air, in which he appeared as a rapper and at times played his friend Towne, was a great success and ran for six seasons.

Meanwhile, Smith and Towne continued to produce music, and their 1991 album Homebase produced the hits “Summertime” and “Ring My Bell.” Their last album together, 1993’s Code Red, was known for “Boom! Shake the Room.”

‘Where the Day Takes You’ and ‘Six Degrees of Separation’

While still filming The Fresh Prince of Bel-Air, Smith began a second career in film. Small roles in the drama Where the Day Takes You (1992) and the comedy Made In America (1993) were followed by the critically acclaimed starring role in Six Degrees of Separation (1993). 

Alongside Donald Sutherland, Stockard Channing and Ian McKellen, Smith played a clever gay hustler who makes his way through elite circles.

‘Bad Boys’

Smith’s first steps toward superstardom came with his next film, Bad Boys (1995). In the high-budget cop film, he teamed up with comedian Martin Lawrence, breaking away from the black-cop-white-cop formula that had been so successful on Beverly Hills Cop and the Lethal Weapon series. 

The two black leads proved an instant success, and Smith – who played the gentle ladykiller and Lawrence’s clown – was established as a leading man.

Independence Day

Smith next took on the epic sci-fi film Independence Day (1996), a role that confirmed him as a major player in Hollywood and made him the top choice for summer blockbusters.

He played a pilot who leads the counterattack against the invading alien forces, and his comedic talent effortlessly transformed into the pithy one-liners that all action heroes have to get rid of while taking out their enemies.

‘Men in Black’ and ‘Enemy of the State’

Smith again battled aliens in his next blockbuster, the comedic sci-fi action film Men in Black (1997). Alongside Tommy Lee Jones, Smith played the role of a new recruit alongside Jones’ old side. 

Smith rapped the title song, whose inclusion in his solo album Big Willie Style (1997) brought the multitalented actor further success. 

Another blockbuster followed with the slick conspiracy thriller Enemy of the State (1998), which earned Smith an NAACP Image Award nomination for Outstanding Actor in a Motion Picture.

‘Wild Wild West’ and ‘The Legend of Bagger Vance’

The string of hits ended in 1999 with Wild Wild West, a sci-fi cowboy western starring Kevin Kline. Although the film was not very successful at the box office, the song Smith wrote for the film became a hit on his 1999 album Willennium. The golf film The Legend of Bagger Vance (2000) was his next major film, with Smith playing Matt Damon’s caddie who goes off the rails as a swinger.

Oscar Nomination for ‘Ali’

The film biopic Ali (2001), based on the boxing legend Muhammad Ali, gave Smith the opportunity to regain his big screen appearance. In his role as a charismatic boxer, Smith delivered the performance of a lifetime.

He trained and disciplined himself to the max to match the athleticism – and ego – of the titular character. Despite a record-breaking opening day, the film was underwhelming at the box office, but Smith’s performance was strong enough to earn him his first Oscar nomination.

‘Men in Black II, ‘Bad Boys II’ and ‘I, Robot’

A few sequels followed, with Smith reprising his roles in Men In Black II (2002) and Bad Boys II (2003). Neither film was a flop, but neither could match the impressive box office of its predecessor.

Staying with the sci-fi action theme, Smith made I, Robot in 2004. In the film adaptation of Isaac Asimov, Smith played a futuristic police officer who investigates a murder by a robot and then fights a robot uprising. The film did well, grossing more than $144 million domestically.

‘Hitch’ and ‘The Pursuit of Happyness’

In the 2005 romantic comedy Hitch, Smith played a dating counselor who helps hapless men make romantic moves. Smith also wrote the title song and released it on his 2005 album Lost and Found. Hitch was a huge success and was followed by another critical and financial success in 2006, The Pursuit of Happyness (2006).

Starring alongside his real-life son Jaden, Smith captivated audiences with the story of a single father who must build a life from scratch. He received his second Oscar nomination for Best Actor for his performance.

I Am Legend

In 2007, Smith starred in I Am Legend, a remake of the Charlton Heston film Omega Man, in which he fought bloodthirsty vampires. The film became a national and international success.

‘Hancock, ‘Seven Pounds’ and ‘Men in Black 3’

Smith then took on the dual role of actor and producer for Hancock (2008), in which he played an alcoholic anti-superhero, and Seven Pounds (2008), about a man who sets out to change the lives of seven people. He also helped produce two other films released that year, Lakeview Terrace and The Secret Life of Bees. 

After a hiatus, Smith returned to the big screen in 2012 with Men in Black 3, followed by a role as a military commander in the critically panned sci-fi film After Earth directed by M. Night Shyamalan and starring Smith’s son Jaden. He then made a cameo appearance as Lucifer in the film Winter’s Tale (2014).

‘Focus,’ ‘Concussion,’ ‘Suicide Squad’

Smith’s next starring role was the 2015 heist film Focus, starring Margot Robbie. Later that year, he starred as Dr. Bennet Omalu in the sports drama Concussion and received a Golden Globe nomination for his role as a doctor fighting to raise awareness of head trauma among NFL players. 

In 2016, Smith starred in the DC comics blockbuster Suicide Squad, which became his most successful film since 1996’s Independence Day. That same year, he also took on a somber role as a father who loses his young daughter in the drama Collateral Beauty. Although his follow-up Bright (2017) was consistently rejected by critics, audiences responded more positively to the urban fantasy thriller.

‘Aladdin,’ ‘Gemini Man’ and ‘Bad Boys for Life’

In February 2019, Smith announced that he would not return for the Suicide Squad sequel. At the time, he was featured in a commercial during the Grammy Awards as the hilarious Genie in Guy Ritchie’s live-action adaptation of Disney’s Aladdin, which grossed more than $1 billion at the global box office.

The next film was Ang Lee’s Gemini Man, in which Smith – using digital technology – played a dual role as a 50-year-old assassin tasked with killing a 23-year-old version of himself.

The star closed out the year playing super agent Lance Sterling in the animated film Spies in Disguise alongside Tom Holland, before returning to his successful cop-buddy franchise in 2020 with Bad Boys for Life.

How Did Will Smith Owe $2.8 Million To The IRS?

Will Smith’s music career earned him about $10 million between 1988 and 1990. Believing that the good times would never end, Will Smith spent his money like it was going out of style. Will bought houses, cars, clothes, jewelry, etc. He spoiled not only himself, but his family and friends. The radio audience got sick of Will and Jazzy Jeff when he just won the Grammy. They were suddenly mocked as “rap salesmen” for their “radio friendly” songs.

Plus, Will was not paying his taxes during the good times. When Will was 21 years old, he learned that he had not paid $2.8 million in taxes during his fat years. Taking inflation into account, that equates to about $6 million in debt.

During this time, Will was approached by super-producer Quincy Jones about starring in a television series. Will initially rejected the idea of starring in a TV sitcom. He was afraid of looking even more like a traitor. However, the appearance came with a good fee.

A pay raise would come if the series was renewed for more seasons. In response to the not-so-subtle encouragement of IRS, Will signed on for the new sitcom “The Fresh Prince of Bel Air.” In addition, IRS agreed to garnish Will’s salary until he paid his debts in full.

Years later, Will told 60 Minutes the following about his early TV days:

“For the first three years of The Fresh Prince of Bel-Air, IRS took 70 percent of every check, and after the third year, I was back to zero. It’s terrible to have so much success and still be broke.”

How Much Are Will Smith’s Cars Worth?

Since Will Smith is rich, he owns some luxurious cars. Here’s his car collection.

1965 Ford Mustang

Ford’s first-generation 1965 Mustang is powered by a 5.8-liter V8 petrol engine and would probably cost over $US80,000 ($AU105,000) today.

Bentley Azure

Bentley Azure’s entry-level variant is powered by a 6.75-liter V8 petrol engine, and costs approximately $US340,000 ($AU450,000).

Rolls-Royce Ghost

Rolls-Royce Ghost has a 6.6-liter V12 petrol engine and costs $US311,900 ($AU415,000) for the cheapest variant.

Maybach 57S

Maybach 57S models had 6.0-liter V12 petrol engines, and cost about US$200,000 ($270,000) for the entry-level models at the time they were introduced.

BMW i8

The BMW i8 is powered by a 1.5-liter 3 cylinder petrol engine and electric motor and costs approximately US$150,000 ($AU$200,000) new.

Tesla Roadster

Tesla’s first-generation Roadster has a single electric motor and costs $US98,500 ($AU135,000) new.

‘The Heat’ motorhome

Mega-motorhome ‘The Heat’ was custom built for Mr Smith in 2012 and cost $2.5 million ($AU3.4 million) when new.

What Houses Does Will Smith Own?

Jada and Will own about 10 properties in the United States. An overview of some of their most notable current and past properties can be found below:

Will and Jada purchased a stunning 100-acre parcel in the hills between Malibu and Calabasas for $7.5 million in 1999. The next year, they bought several adjacent parcels, giving them a total of 150 contiguous acres. 

The property consists of a 20,000-square-foot main house, several guest houses, a private lake, an equestrian arena, riding trails, stables, tennis courts and more. 

After being inspired by Gene Hackman’s home in Santa Fe, the property was designed in the Santa Fe style. Hackman’s Santa Fe architect was even hired for the project. Due to permitting and environmental concerns, it took years for the project to begin. In 2013, the property was quietly offered for $42 million, but no buyer was found. Today, the property alone is likely worth $50 million to $70 million.

Will and Jada sold their oceanfront property on Kauai in 2017 for $12 million. They had bought it in 2015 for $10 million. In 2011, they sold another oceanfront property in Hawaii for $20 million to Ekaterina Rybolovlev, the daughter of Russian billionaire Dmitry Rybolovlev.

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 just over $11 million for a 10,400-square-foot home in Hidden Hills, California, in September 2021.

The Smiths own at least $100 million worth of real estate around the world, as far as we know.

Will Smith’s Personal Life and Wife

Smith has been married twice before. His first marriage to Sheree Zampino in 1992 lasted only three years, but it produced a son, Willard Smith III (born 1992), also known as Trey. He has been married to actress Jada Pinkett Smith since 1997. The couple’s son, Jaden, was born in 1998 and daughter Willow in 2000.

Smith is politically liberal and has donated to Barack Obama’s presidential campaign. Smith is a fan of chess and video games and is known to go on vacation with his mother every year, usually to the Canyon Ranch Spa in Tucson, Arizona.

What Awards Did Will Smith Receive?

In 1988, ‘DJ Jazzy Jeff & The Fresh Prince’ received the ‘Grammy Award’ for their first rap songs.

In the late 1990s, Smith was congratulated with the ‘Blockbuster Entertainment Award’ in the category of ‘Favorite Actor’ for ‘Independence Day’, ‘Men in Black’ and ‘Enemy of the State’.

From 2005-2008, he won the ‘Teen Choice Awards’ for such hits as ‘Hitch,’ ‘The Pursuit of Happyness’ and ‘I Am Legend.’

In 2008-2009, the incomparable actor was awarded with the ‘BET Award’ for his roles in ‘Hancock’ and ‘Seven Pounds’. During this period, he also won the ‘Saturn Award’ for his performance in ‘I Am Legend’.

In 2022, he received the ‘Academy Award’, the ‘Screen Actors Guild Award’, the ‘Golden Globe Award’, the ‘Critics’ Choice Movie Award’ and the ‘British Academy Film Award’ for Best Actor for his portrayal of Richard Williams in ‘King Richard’.

Will Smith Height

Will Smith is 1.88 m tall.

Will Smith Age

Will Smith was born September 25, 1968, in Philadelphia, Pennsylvania, United States. He is 53 years old as of 2022.

Is Will Smith a billionaire?

No, Will Smith is not a billionaire. He is a multi-millionaire. Will Smith has a net worth estimated at $350 million, making him one of the world’s richest actors.

Favorite Will Smith Quotes

Throughout life people will make you mad, disrespect you and treat you bad. Let God deal with the things they do, cause hate in your heart will consume you too.

Will Smith

 

So if you stay ready, you ain’t gotta get ready, and that is how I run my life.

Will Smith

 

Money and success don’t change people; they merely amplify what is already there.

Will Smith

 

The first step is you have to say that you can.

Will Smith

 

The things that have been most valuable to me I did not learn in school.

Will Smith

 

For me, there is nothing more valuable than how people feel in a movie theater about a movie.

Will Smith

 

I want the world to be better because I was here.

Will Smith

 

Life is lived on the edge.

Will Smith

View our larger collection of the best Will Smith quotes.

Further Reading

Related Lists of Celebrities’ Net Worth

Or, browse all celebrities’ net worth.

How To Become Rich Like Will Smith?

Will Smith did not become rich by luck. To become as rich as Will Smith, you have to work smart.

Successful people become rich because they take advantage of the opportunities that come their way. They are in the right place at the right time and take the right action.

Thanks to the Internet, the world has changed massively in recent years. Nowadays it has become much easier to make money online.

Instead of looking for a 9-5 job and staying in your comfort zone, it’s better if you become your own boss as soon as possible.

You can learn how to build a digital asset that generates cash flow for you while you sleep to grow your wealth quickly.

If you seize this golden opportunity in time, you can become as successful as Will Smith one day.

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