Will Smith Became a Millionaire Before He Could Legally Drink

You probably know that Will Smith is one of the richest people in the entertainment industry. Since the 1980s it has been a household name, and has been involved in major exhibitions such as Prince Fresh Bel-Air or rights such as Men in black has grown fortunately.

In addition, the famous family has their own riches from their various projects. It is clear that, given how successful it has been for so long, it must have achieved the status of a millionaire decades ago.

But when and how did Smith make the great wealth he has today? Was it the success of the 1990s in action movies like Men in black and Independence Day did he make his first million? Or was it his previous career Prince Fresh Bel-Air? Or was it something else entirely?

How did Will Smith become famous?

Will Smith
Will Smith | Kevin Winter / Getty Images

Today, Smith is best known for his acting career. However, those who were around in the 1980s and ’90s may also remember him as a rapper as well. In 1985, when Smith was only 17 years old, he and his friend Jeff Townes started hip-hop duo DJ Jazzy Jeff & The Fresh Prince.

Smith was still in high school when they got their first big show and were discovered with a major recording label. Just a few years later, they won a Grammy Award for the same “Parents Just Don’t Understand.”

During the 1990s, there would still be more blows. However, Smith expanded from the music industry to acting in 1990, when he began to appear. Prince Fresh Bel-Air. The sitcom became huge, and launched Smith into an acting career that continues to this day.

Smith’s first million

So where did Smith’s first million come from?

according to The Things, Will Smith made his first million when he was twenty – two years earlier Prince Fresh Bel-Air namely aired. His music and that of DJ Jazzy Jeff were very popular, which is what made Smith so lucky when he was so young.

Their debut album, Rock the House, was confirmed as gold, followed by He’s the DJ, I’m the Rapper, platinum reached 3 times. Given this level of commercial success, it’s no surprise that Will Smith made a fortune at a young age.

Woes finance?

Perhaps because of Smith ‘s young age when it came to wealth, he did not manage it as well as he could.

The kingdoms from Parents just don’t understand he gave him a lot of money to spend on things like designer clothes, fancy cars, and a motorcycle. Smith had even shut out a Gucci store so he and his friends could go in for a private buying spree.

However, this meant that Smith did not have much money to pay his taxes. The IRS realized how much Smith owed, and Smith had no money to pay what he owed. The IRS came and reclaimed what it had bought, but it was not yet clear. Smith had nearly $ 3 million for the IRS.

But there may be a silver lining to this story. Because Smith was so desperate to find a way to kick back and earn enough money to pay back his debts to the government, he went to NBC to look into acting.

And in 1990, he made his name as the star of the sitcom Prince Fresh Bel-Air, which would bring him into the world of acting and make him the superstar he is today.

So maybe Smith should thank himself younger for being a little careless with his money!

Scroll to Top