Will Smith Net Worth: Did Will Smith Get Famous From Fresh Prince?

Exactly How Much Money Will Smith Make?

Among the world's most well-known and well-liked celebrities, Will Smith has worked as an actor, director, producer, and rapper for more than three decades. Will Smith has a net worth of $350 million as of this writing. Throughout the year, Will Smith makes at least $40 million from his many projects, and in some years, he has earned as much as $80 million. To put this into perspective, Will made $45 million between June 2019 and June 2020, mostly from film salaries.

For his most successful years in the 2000s, Will made $20 to $30 million per film. During the past few years, he has been paid enormous single-film sums by Netflix. For the 2017 Netflix film “Bright,” he reportedly made $20 million, and for the follow-up, he allegedly made $35 million.

Childhood

will smith net worth

While his parents worked as school administrators and refrigerator engineers, Will Smith was born and reared in West Philadelphia, the son of low-level workers. Their paths crossed when Je. Jeffrey Allen Townes, a local DJ who became known as DJ Jazzy Jeff, was a childhood buddy.

They were discovered by Russell Simmons at Def Jam Records in 1986 and signed to a deal shortly after that. They published their first album, “Rock the House,” in 1987. The album was certified five-times platinum. In 1988, they published their second album, “He's the DJ, I'm the Rapper.” It was a huge success, selling over three million copies worldwide. Throughout their career, the duo would put out five albums as one.

In 1988, Will was awarded the first Grammy in the newly created Rap category.

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Problems with the Internal Revenue Service

will smith net worh

Will Smith made around $10 million from his music career between 1988 and 1990. Will spent his money as if it were going out of style, believing that the good days would never stop. He spent a lot of money on houses, vehicles, clothes, and jewelry. Aside from himself, he also went out of his way to spoil others close to him. Will and Jazzy Jeff's Grammy win came when radio fans were becoming tired of the duo. Their “radio-friendly” tunes were derided as “rap sell-outs.”

In addition, Will was not paying his taxes throughout the good times. After failing to pay $2.8 million in taxes, Will was told at 21. Adjusting for inflation, that's roughly $6 million in debt.

Quincy Jones approached Will about appearing in a television show around this time. In the beginning, Will was adamantly opposed to starring in a television sitcom. He was concerned that this would tarnish his reputation as a scumbag and hypocrite. But there was a bright side: the job came with a sizable salary.

ff sought a hype man for performance down the street. As soon as Smith heard about the opportunity, he pounced at it. DJ Jazzy Jeff & The Fresh Prince was the name of their band.

Additionally, he is a social media star. Will has over 45 million Instagram followers, 8 million YouTube subscribers, and 30 million followers on TikTok. He also has a large following on Snapchat.

Will signed on to star in the newly titled sitcom “The Fresh Prince of Bel-Air” with the help of the IRS. The pay would rise if the show were renewed for more seasons. The IRS also deducted will's payment until his debt was paid in full.

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In an Interview With 60 Minutes Years Later, Will Said the Following

will smith net worth

“When I started on The Fresh Prince of Bel-Air, the IRS took 70 percent of my paychecks for the first three years. After that, I went back to paying nothing. It's heartbreaking to have such a high-profile accomplishment and be broke simultaneously.”

Famed Actor

Will got great acclaim for his role in “Six Degrees of Separation” in 1993, which he earned $500,000 for.

In 1995, when he co-starred in the blockbuster action-comedy “Bad Boys,” his film career took off, earning him $2 million. It wasn't until years later that he was paid $20 million for a role in the sequel.

Highest Earnings

Will's movie wages and bonuses totaled $200 million during his career, which began in 1993 and ended in 2013. If some of his backend deals are accurate, his movie revenues might easily reach $300 million at this point. Due to his 10% share of the film's income, Will was paid $20 million upfront and $80 million in backend points from Men in Black 3. His share of the profits from Bad Boys 2, Hancock, and Pursuit of Happyness was over 20%. However, it's plausible that he received 20% of net profits rather than gross, in which case the percentages would be vastly different. Those four films alone will have brought in $355 million if he has gross points.

I am Legend brought about $25 million for Will in 2007.

For the film I, Robot, he received a whopping $28 million in advance payments. He made $20 million in 2018 from his role in Netflix's Bright. Will reportedly received $35 million from Netflix for his return in the sequel to Bright.

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Career in Music

As he worked on his films, Smith released solo albums, two of which were certified platinum. As a rap artist, Smith enjoyed many hits, including “Men in Black” and “Gettin' Jiggy Wit It,” which won him two Grammy Awards for Best Rap Solo Performance in successive years.

Awards

Muhammad Ali in Ali and Chris Gardner in search of Happyness were both nominated for an Oscar by Smith. Two HBO Awards, one Image Award, four MTV Film Awards, and two People's Choice Awards are among the honors Smith has received in his career.

It's all about you!
Will and Jada Pinkett, his wife of over two decades, have two children together. He and Sheree Amino, his first wife, have a son named Trey. Their children, Jaden Smith and Willow Smith are both in the entertainment world.

Even if He Doesn't Make Any More Movies Until 2022, Will Smith Will Still Make a Lot of Money.

Lauren Weiler is the author.

At the 2022 Academy Awards, Will Smith's slap on Chris Rock will be talked about for years to come. Jada Pinkett Smith struck Rock when he made a joke about her baldness. When it was announced recently that several of his films had been put on hold, several fans wondered if Will Smith's net worth would be affected. However, it appears that he has other sources of income.

In 2022, According to Fox Business, Will Smith's Net Worth Will Be $350 Million. What Was the Actor's Fee for Portraying King Richard?

The Hollywood Reporter claims that Smith was paid $40 million for his role in the picture. He also paid Saniyya Sidney, who plays Venus and Demi Singleton, Tony Goldwyn, Jon Bernthal, and Aunjanue Ellis extra sums, according to the publication. In addition to the studio's salary, a source said these payments were an additional incentive.

Layla Crawford, Smith's co-star, elaborated on his benevolence. Every day, he'd bring us Polaroid cameras and other surprises, she recalled. “He's simply such a kind and generous person. Gifts of iPhone 12 Pro Max were also included in the boxes that he gave us. When we tore them open, everyone broke down in tears. The finest gift I've ever received had me in tears.

A year from now, we'll find out if the smack has any lasting effect on Will Smith's net worth, but the actor is expected to be well.

Did Will Smith Get Famous From Fresh Prince?

The Fresh Prince was Smith's rap name in the late 1980s when he gained some traction. The Fresh Prince of Bel-Air, which he starred in in 1990, boosted his popularity significantly.

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