Will Smith is once again making headlines, this time amid swirling speculation about his separation from wife Jada Pinkett Smith and reports of mounting financial troubles.
As per The Blast, the Men in Black star's multimillion dollar fortune is starting to feel the effects of growing costs and continuous career setbacks. His personal and professional lives are still plagued by the aftermath of the notorious Oscar slap incident.
According to sources cited by the publication, Smith is having trouble keeping up with the upkeep of multiple expensive properties, some of which are still shared by his estranged wife.
He sold a five-bedroom mansion in Maryland for about $795,000 and listed his Woodland Hills home for $2 million earlier this year, both actions referred to as "strategic cash grabs" meant to maintain financial stability in times of turbulence.
Also read: BTS agency HYBE Seoul headquarters raided over alleged $146 million fraud trading
Smith still pays the bills for both properties even though they are said to live apart. Unresolved disputes over asset division may put additional strain on the couple's financial situation if they decide to go through with a divorce, according to sources.
Smith’s attempt to revive his music career with the 2025 album Based on a True Story has also faltered. The album, which featured collaborations with Big Sean, Teyana Taylor, and his son Jaden Smith, failed to make a significant impact and reportedly sold only 300 copies in the UK.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
