Willard Christopher “Will” Smith, Jr.
Net Worth: $290 million
Source of Wealth: acting
Born: September 25, 1968 in Philadelphia, Pennsylvania
Will Smith became rich by being an actor. Smith started as a rapper in 1985. He was in the hip-hop group DJ Jazzy Jeff & The Fresh Prince. Smith spent money excessively when he was younger and underpaid his income taxes. He spent too much money on a house, jewelry, and cars. The IRS eventually assessed a $2.8 million tax debt against Smith. They garnished his income and seized a lot of his possessions. Smith was almost bankrupt in 1990 when he signed the contract to be on NBC’s show “The Fresh Prince of Bel-Air”.
The sitcom was successful and began his career as an actor.
As of 2012, his movies have grossed more than $6 billion worldwide. His most financially successful movies have been Independence Day, Bad Boys, I Am Legend, I, Robot, Wild Wild West, and Hancock.
How much money does Will Smith make?
Annual earnings according to Forbes
2003: $60 million
Smith and his wife, Jada Pinkett Smith, own a mansion in Malibu, California worth $20 million.
Cars: He owns a Mercedes-Benz GL450 and a Cadillac Escalade.
Mobile mansion: He rented a 53-feet long mobile trailer worth called The Heat. He rented the trailer for $9,000 a week while filming Men in Black III.
He is also renting a five-bedroom for $25,000 a month at 25 Bond Street in New York.