Will Smith, Jada Pinkett Smith Downsize $400M Property Amid Career Slumps

Will Smith and his wife, Jada Pinkett Smith, are reportedly facing significant financial difficulties despite their substantial net worth, estimated at around $350 to $400 million. The couple has been downsizing their real estate holdings, including selling homes in Woodland Hills and Maryland, to manage the high upkeep costs of their remaining properties, such as a $45 million, 150-acre ranch in Calabasas. Their financial strain is believed to have worsened following the 2022 Oscars incident where Smith slapped Chris Rock, leading to a 10-year ban from the awards ceremony and a subsequent decline in his acting career. Although Smith's film "Bad Boys: Ride or Die" grossed over $400 million worldwide, it has not significantly improved his financial situation. Additionally, Smith's return to music with an album release was met with very low sales and public criticism, further impacting his income. The couple reportedly lives separately and a permanent split seems increasingly likely, with Smith still responsible for the large expenses associated with their lifestyle.