Will Smith's Net Worth In 2024 Shines Bright

By Joseph White

Published July 23, 2024

Will Smith's Net Worth In 2024 Shines Bright

Table of Contents

  • What Is Will Smith’s Net Worth?
  • Will Smith’s Journey From Middle-Class To "Fresh Prince"
  • Will Smith's Marriage
  • Will Smith's Children
  • What Is Will Smith’s Claim To Fame?
  • How Big Is Will Smith’s Car Collection?

Will Smith aka "The Fresh Prince" is a well-known personality in the entertainment industry and has a huge fan base worldwide. Will Smith's net worth is currently $350 million according to major sources. Will started his career as a rapper under the name “The Fresh Prince” in the late 1980s. Later His acting performance was appreciated in movies like “Six Degrees of Separation," "Ali," “Men in Black,” and “Bad Boys” which impressed the critics and the audience too.

The biggest breakthrough of Will Smith’s career was when he got into acting. Despite that, He earned good recognition for his work and he produced hit songs like "Parents Just Don't Understand" and "Summertime” with his friend DJ Jazzy Jeff. These songs not only got popular among the masses but also helped Will win many awards.


Net Worth$350 million
Salary$8,550,000
Date of BirthSeptember 25, 1968
Place of BirthPhiladelphia, Pennsylvania, U.S.
GenderMale
Height6’ 2”
ProfessionRapper, Actor, Producer
NationalityAmerican
MarriedYes
Children3
No. of HousesMore than 3
No. of CarsMore than 5
No. of AwardsMore than 15

What Is Will Smith’s Net Worth?

As of 2024, "The Men In Black" actor has a net worth of $350 million.

Will Smith started his career as a rapper but gained more popularity when he started his acting career. Will is also a successful Film Producer, Record Producer, and Television Producer. While Will earns around a whopping $40 million every year on average, in his career peak the "Bad Boys" actor pocketed a hefty $20 million for the Netflix movie Bright (2017) and $35 million for the sequel (Bright 2).

Will's academy-winning film "King Richard" wasn't only a critical success in his acting life but also proved to be one of the highest-paid projects in Will's acting career earning $60 million as salary for the film. Other beneficial projects like "I, Robot" and "Emancipation" earned him $28 million and $35 million respectively.

As of last year (2023), Will's films have grossed more than $9.3 billion worldwide.

We have also curated a list of Will's film earnings over his acting career which are listed below.

MoviesSalary
Men In Black 3 (2012)$100 Million (Basic pay -$20 Million)
King Richard (2021)$60 Million
Emancipation (2022)$35 Million
Bright 2 (Canceled)$35 Million
I, Robot (2004)$28 Million
I Am Legend (2007)$25 Million
Bad Boys 2 (2003)$20 Million + 20% of Gross
Hancock (2008)$20 Million + 20% of Gross
Bright (2017)$20 Million
Men In Black 2 (2002)$20 Million + 10% of Gross
Hitch (2005)$20 Million

Will Smith’s Journey From Middle-Class To "Fresh Prince"

Born on September 25, 1968, Will Smith was raised in a middle-class family in West Philadelphia. His father used to work as a refrigerator engineer and his mother was working as a school board employee. Will Smith was interested in the entertainment industry when he was in high school.

He met a friend named Jeffrey Townes and they both formed a duo. Jeffrey Townes later became famous as DJ Jazzy Jeff and Will Smith was known as The Fresh Prince. The group became very successful and helped the duo gain popularity among the masses.

Will Smith's Marriage

Will Smith was married to Sheree Zampino in the year 1992. However, the marriage was not successful and they started having some relationship problems only a few years after being married. The couple decided to set apart and they got divorced in 1995.

Will Smith married actress Jada Pinkett in the year 1997. This relationship proved to be a successful one for Will and Jada. Unfortunately, they are not together at the moment and have been separated since 2016. However, they are not officially divorced and are keeping their roles as responsible parents.

Will Smith's Children

Will Smith and Jada Pinkett have a son named Jaden Christopher Syre Smith and a daughter named Willow Camille Reign Smith. Jaden and Willow also decided to pursue their career in the entertainment industry like their parents. Jaden Smith has released many albums and has also worked as an actor in many films including his role in “The Karate Kid” alongside Jackie Chan where Will and Jada were producers. Will also has a son named Willard Carroll "Trey" Smith III from his previous marriage with Sheree Zampino.


What Is Will Smith’s Claim To Fame?

Will Smith started his career as a rapper quite early with his friend DJ Jazzy Jeff. They were performing locally when they got the initial recognition. They did multiple singles together when they were noticed by Russell Simmons from Jive Records. They released their first album named “Rock the House,” which became an instant success. The group received a Grammy Award in 1989 which made Will even more popular. But his claim to fame came with the television series “The Fresh Prince of Bel-Air.”

The film that skyrocketed his fame into the stratosphere is the action-comedy hit "Bad Boys". He reportedly earned $2 million for the role and it became an instant banger in the box office creating its own type of cult following. Will Smith made headlines again in the 94th Academy Awards ceremony back in March 2022. Comedian Chris Rock was slapped by Will as some jokes about his wife's shaved head were made. This resulted in Will's resignation from the academy which eventually banned him from any future participation for 10 years.


How Big Is Will Smith’s Car Collection?

  • Ford Mustang: Will Smith seems to love muscle cars and you can get that by his 1965 Ford Mustang. It comes with a 120 horsepower engine and can go from 0 to 60 mph in less than 8 seconds which is quite impressive for the time.
  • Tesla Roadster: Will Smith was one of the early adopters of EVs and he also owns a Tesla Roadster. It is the first car that Tesla added to their fleet and it made the brand very popular across the world for its immense acceleration figures and impressive driving range.
  • BMW i8: Will Smith also owns BMW i8 which is a sports car that also has to do with electric power. However, it is a PHEV car and you get a combination of gasoline and electric powertrain. The car can go from 0 to 60 mph in 4.2 seconds.
  • Rolls-Royce Ghost: Will owns a Rolls-Royce Ghost that is a great choice for traveling in luxury. Rolls-Royce Ghost is known for its excellent comfort and high customization options.
  • Bentley Azure: Will Smith owns a Bentley Azure which is again a rare car in the actor’s collection. It is a luxurious convertible car from the British automaker. Bentley Azure is not meant for outright acceleration but it is known for its beautiful design and excellent comfort.
  • Maybach 57: Maybach 57 is a limited-production car with only 3000 units ever produced. It is an ultra-luxury car from the automaker and offers a ton of room inside the cabin. The car is designed for backseat comfort and it is a perfect car for a short meeting on the go.

While Smith's car collection is big and has some hefty prices around it, the amount does not even come close to what his real estate is worth, as briefed below.


How Many Houses Does Will Smith Own?

How many houses does Will Smith own?

Will Smith's real estate portfolio is one of the most luxurious and biggest there is among Hollywood celebrities today. We have curated his property list below.

  • Beach House in Hawaii: Will Smith owned a luxurious beach house in Kauai, Hawaii. The actor and his family used this property as their vacation home. Back in 2011, Will sold the 7-acre property for $20 million.
  • Mansion in Calabasas: Will Smith owns a super-luxurious mansion in Calabasas, California which he bought back in 1999 for $7.5 million. The house is now worth a whopping $50 to $70 million and is built on 100 acres of land. This is the most expensive property that the actor owns.
  • Motor Home: Will Smith likes to live in luxury even when out on the road. He owns a luxurious motor home that has cost the actor a whopping 2.5 million dollars. It is a true mansion on the road with all the luxury that you can expect in your daily life. The actor lives in this RV while filming his movies.
  • Kauai House: Will and his wife Jada bought a property back in 2015 for $12 million. Later, they sold it for $10 million back in 2017.
  • Two Hidden Hills Homes: The couple owns two properties in Hidden Hills, California and the recent purchase was back in 2021 for a 14,400 sqft home bought for $11 million.

Will's real estate list flaunts not only his luxurious lifestyle but also his enormous wealth to an extent. Whatever it is, his houses are sure a dream for any common man to have them in reality.


Will Smith's Business And Brand Endorsements?

Will Smith is not as aggressive in brand endorsements as some of the other celebrities with that kind of fame could be. On the other hand, he has invested a hefty amount of money in different businesses over the years.

Business Ventures

  • Chromatik: The music learning online platform Chromatik, owned by Matt Sandler received a $5.7 million investment from Will Smith back in 2013.
  • Julep Beauty: A cosmetics company founded by Jane Park received an investment of $30 million from Will Smith back in 2007.
  • BioBeat Medical: Will Smith invested a total of $650,000 in this company back in 2013.
  • Stance: Will Smith invested a whopping $6 million in this American clothing brand back in 2011.

There are other investments like Just Water, Dreamers VC, Telepool, Overbrook Entertainment, Westbrook Inc, etc. that are affiliated with Will Smith.

Brand Endorsements

  • Nike: Will Smith had a brand partnership with the footwear brand Nike and he was also promoting Nike’s Air Jordan shoes. The shoes were a result of a collaboration between Michael Jordan and Will Smith.
  • Fitbit: Fitbit signed Will Smith as their brand ambassador recently in 2021. As per the deal, the actor is supposed to provide exclusive content to Fitbit. Fitbit is currently owned by Google.
  • Chevrolet: Will Smith also had a deal with General Motors’ brand Chevrolet to promote their cars. Will was seen promoting the Chevy Impala through the campaigns.
  • Ray-Ban: You can spot Will wearing Ray-Ban sunglasses in many movies. Will Smith is also wearing Ray-Ban sunglasses in the movie Men in Black.
  • Coca-Cola: Will Smith has made his appearance in some commercials for the global beverage giant Coca-Cola.

Besides his film earnings, Will Smith's net worth is also affected by his brand endorsements and mostly from his different business ventures over the years.


Will Smith's History With The IRS

Smith found his early success through music and also at a very young age which led to mass spending on houses, cars, jewelry, etc. All of this was possible as he made around $10 million from his musical career. Being famous at 21 years of age can lead to some bad times and for the "Fresh Prince" it was regarding his tax payments. During that time, Smith came to know about his negligence for not paying his taxes worth $2.8 million.

The IRS intervened and took harsh steps to get the money back from the up-and-coming actor. After he signed with the famous sitcom "The Fresh Prince of Bel-Air", the IRS took 70% of his salary for three straight years until his tax debt was completely paid off.


What’s Next For Will Smith?

Will Smith's most recent work is "Bad Boys: Ride or Die" which will be premiering on June 7, 2024. Sony Pictures Entertainment recently dropped the trailer for the movie starring Will Smith and Martin Lawrence.

Smith will also be a part of several other projects like "I Am Legend 2", "Fast And Loose", etc and their release dates are yet to be announced.


Related Celebrities

If we are to talk about Will Smith the first name that comes to mind is definitely his wife Jada Pinket Smith. Besides being married to Will, Jada is also a great friend and has been a huge supporter of Will over the years. Although they have been separated since 2016, they have kept a good relationship supporting one another and keeping their role as responsible parents.

Hollywood can be harsh and competitive for any actor thus having a good friend and supporter is a blessing nowadays. Will Smith and Denzel Washington have been good friends and admired each other's work for a long time. "The Equalizer 3" actor was also among the first ones to speak in support of Will after he slapped Chris Rock back in 2022 at the Academy Awards. He said, "In your highest moments, be careful; that’s when the devil comes for you..."

Another long-time friend and well-wisher in Smith's career has been his "Bad Boys" co-star Martin Lawrence. As Hollywood is filled with several bromance, "Bad Boys 4" co-stars, Will and Martin have been best friends for a long time and share an excellent bond in real life also.


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FAQs

What is the net worth of Will Smith?

Will Smith has a net worth of $350 million.

Who is Jaden Smith?

Jaden Smith is an actor and rapper. He is also the son of famous actor and rapper Will Smith.

What is Will Smith's salary?

Will Smith will earn an annual salary of $8,550,000 in 2024.

What movie launched Will Smith's career?

Will Smith’s debut film was Where the Day Takes You in the year 1992.

Who is The Fresh Prince?

The Fresh Prince is the stage name of actor Will Smith when he was performing as a rapper with his friend DJ Jazzy Jeff.

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