The Smith family — Will, Jada Pinkett, Willow, Jaden, Trey — is known for their entrepreneurial spirit and diverse income streams, having carved out a variety of successful ventures across different industries. Here’s a look at how each of the five members make their money.
Will Smith: Actor and Producer
Will Smith, the patriarch, continues to be a dominant force in Hollywood. Known for blockbuster hits such as “Men in Black,” “Independence Day,” and “Aladdin,” his acting career has been immensely lucrative. Additionally, Will’s production company, Westbrook Inc., produces films, television shows, and digital content, further augmenting his income and influence in the entertainment industry.
The “Bad Boys” movie franchise, arguably the most renowned sequel series in Will’s extensive movie career, starring him alongside his partner, Martin Lawrence, surpassed the $1 billion mark at the global box office after the fourth installment of the action-comedian sequel hit theaters earlier this month. Smith, who plays the iconic role of Detective Mike Lowrey, has reportedly earned over $100 million from the franchise from his role in the original 1995 film, its sequels, and lucrative backend deals, as Finurah previously reported.
Today, Will has an estimated net worth of $350 million. But he has seen financial ups and downs. For 1988 and 1989 he underpaid his income taxes, and the Internal Revenue Service eventually assessed a $2.8 million tax debt against him, taking many of his possessions, and garnished his income.
Earlier this year, Will and Jada announced they would close their foundation due to a lack of donations to keep it running.
Jada Pinkett Smith: Actress and Entrepreneur
Jada Pinkett Smith, the matriarch, is an accomplished actress and businesswoman. Jada, with an estimated net worth of $50 million, stars in and produces the popular Facebook Watch series “Red Table Talk,” which has garnered a massive following and significant ad revenue. Jada also co-founded Westbrook Inc. with Will. Beyond entertainment, Jada has made strategic investments in fashion and beauty brands, further contributing to her financial success. Recently Pinkett Smith added “author” to her list of accomplishments with the October 2023 publication of her memoir, “Worthy,” although it undersold. Despite a major publicity campaign with Jada making the talk show rounds, the book did not perform up to expectations its first few weeks out, according to Newsweek.
Trey Smith: DJ and Producer
Trey Smith, Will’s elder son from a previous marriage, has made his mark as a DJ and music producer. Performing under the stage name DJ AcE, Trey, whose net worth is estimated at $2 million, has built a solid reputation in the music industry, performing at high-profile events and venues. His work as a producer and his collaborations with other artists add to his income stream.
Jaden Smith: Musician and Entrepreneur
Jaden Smith has amassed a substantial net worth estimated at around $8 million, according to Celebrity Net Worth. His wealth comes from a combination of his music career, entrepreneurial ventures, and notable movie roles. Jaden made his acting debut alongside his father in “The Pursuit of Happyness” and later starred in hits like “The Karate Kid” and “After Earth.”
He has released multiple albums that have been well-received and tours extensively. Among his various hit songs are “I’m Ready,” “RITMO,” and “Icon.” In 2010, Jaden collaborated with Justin Bieber on the song “Never Say Never. It peaked at number eight on the U.S. Billboard Hot 100 and later becoming certified 5-times platinum by the RIAA.
Jaden is also the founder of the sustainable water company JUST Water, which has an estimated annual revenue of $9.4 million, according to GrowJo. He launched the company in 2015 when he was just 12 years old because he was concerned over the plastic water bottles littering the ocean, and by 2019 it had a valuation of $100 million, according to Fast Company.
Willow Smith: Musician and Actress
Willow Smith, the youngest child has carved out a multifaceted career in entertainment and fashion. She made her acting debut in “I Am Legend” alongside her father and later appeared in “Kit Kittredge: An American Girl.” As a musician, Willow gained widespread recognition with her hit single “Whip My Hair,” and she continues to release critically acclaimed music, exploring diverse genres and themes. Beyond acting and music, Willow, who has an estimated net worth of $6 million, co-founded the eco-friendly clothing company MSFTSrep with her brother Jaden. The brand emphasizes sustainable fashion and has garnered a dedicated following, showcasing Willow’s entrepreneurial spirit and commitment to environmental causes.
