The Smiths have been entertaining us with their talents and successes for years. The main breadwinner, Will Smith started his career as a rapper before crossing over to acting. He got fame as a rapper under the name The Fresh Prince but what skyrocketed his fame is his role in the hit TV series The Fresh Prince of Bel-Air. Since then, he has become one of the most in-demand actors in Hollywood. He has appeared in numerous blockbuster films and his career is far from over.
His wife, Jada Pinkett was acting for a decade before launching her music career. She still takes on acting gigs but of late, her focus has been on being a wife, a mother, and a TV host on their family talk show, Red Table Talk. Will Smith and Jada Pinkett have a combined net worth of $350 million (2020) and many fans are wondering how exactly they spend their money. Scroll down to find out what the Smith family spends their millions on:
15 A Luxurious Car Collection
Given their immense wealth, the Smiths spend a good amount of their money on luxury cars. Will owns a Bentley Azure, a Mayback 57s, a 1965 Ford Mustang, a Cadillac Escalade, and a Mercedes Benz GL450 all worth a small fortune together. Jada on the other hand drives a Rolls Royce and has the option of driving all these other cars but we all know she prefers cruising on the two-wheelers.
14 They Go On Posh Vacations
The Smiths have taken several vacation trips in the past and for sure, they do not come cheap. Most of their family members have shared photos of them vacationing in places like Ibiza, Sydney, Hawaii, and Europe where they take on fun activities like scuba diving, hiking, and snorkeling. The extra expenses on airfare, accommodation, food, and activities also add up.
13 Chartering Luxury Vessels
On their last trip to Europe, The Smith chartered a super-yacht named Mischief to sail them around Greece and Italy. The Yacht comes with its spa pool, on-board jet skis, and a staff of 13. Chartering Yachts is kind of their vacation thing. Even when Will took a solo trip to Ibiza back in 2014, he got one. Chartering a yacht that big can cost up to $500,000 a week.
12 Real Estate
Over the years the Smiths have owned real estate worth $100 million and over across the world. Their home alone in Calabasas costs a whopping $42 million. It is a 2500-square-foot custom-built mansion with nine bedrooms, 8-car garage, and a home theater. It also has a golf course, a basketball, tennis, and volleyball courts, an outdoor pool, and a secluded lake. They have other mansions in Malibu, Pennsylvania, Hawaii.
11 Gifting Their Kids
The Smiths spend a chunk of their millions spoiling their three kids; Jaden, Willow, and Trey. In 2016, they bought Jaden his own 6000 square foot home worth $4 million. His sister got a brand new Porsche Cayenne Turbo worth $120,000 for her sweet sixteenth birthday. Jaden has been spotted a couple of times driving a Tesla Model X which is worth an upwards of $85,000.
10 Bailing Out Friends
The Smiths are quite the charitable pair and their friends can attest to that. Allegedly, in 2017, they gave actor Tyrese Gibson $5 million to help in legal fees when he was going through a custody battle. Actor Duane Martin is another friend they loaned $1.4 million when he filed for bankruptcy back in 2012 and needed money to get his house out of foreclosure. Will, probably helps his friends out because he also went through financial troubles in the 80s.
9 They Give A Lot To Charity
The Smiths do not just spend their money on a luxurious lifestyle since they remember to give back. They have their foundation, The Will and Jada Smith Family Foundation, which has given over $1 million to charities and other organizations. Their biggest beneficiaries have been Christian churches, the Scientology organization, and Mosques. They also donated funds to build a Scientologist school in 2010.
8 Chartering Private Jets
The Smiths might not own a plane but are always seen jetting off somewhere, how you ask? They spend a lot on chartering private jets when they need to take quick trips. The main advantage of these private jets is of course privacy, no flight connections, no waiting period, and no lost luggage. However, expect to part with a range of $2,000 to $10,000 per flying hour depending on the size of the plane.
7 Multimedia Company
The Smiths co-own a record label and production company called Overbrook Entertainment together with producer James Lassiter. The company has co-produced a couple of their movies including Hitch, Bright, and Seven Pounds. In 2019, the duo started a digital content studio called Westbrook Media, which now is in charge of all their digital work including social media.
6 A Luxurious Motorhome
Another luxurious thing the Smith’s own is a two-story custom motorhome worth $2.5million, they call The Heat. Will Smith used it as his temporary home while filming The pursuit of Happiness, Ali, and Men in Black III. The motorhome sits on 22 wheels and has 1200 square-foot of living space. It has over $100,000 worth of technology and a $30,000 price tag on the leather couches.
