Despite their seven-year separation, Will Smith and Jada Pinkett Smith have an amazing $63 million property portfolio.
The Sun reports that the 55-year-old star of Fresh Prince of Bel-Air and the 52-year-old actress from The Matrix had taken out four mortgages totaling $11,820,000.
Willow, 22, and Jaden, 25, received two mansions as gifts from their parents, which are among the mortgaged assets. Jada currently resides in a home close to Will’s in Calabasas, but she recently stated that she envisions living with him once more in the future.
Their most recent real estate acquisition was a $11.3 million, six-bedroom, seven-bathroom house in the gated Hidden Hills neighborhood that they bought in March 2021.
They refinanced and obtained a $7,345,000 house loan with City National Bank ten months after the transaction, at a rate of 2.39 percent for ten years.
The property is held in trust rather than under their names, and the trustees are Jada’s mother Adrienna Banfield Norris and renowned financial expert Michelle Morton.
The house was constructed by Will and Jada, thus there is no mortgage.
In 2003, the Smiths began combining several nearby properties in Los Angeles into one complex in order to make their dream home a reality.
It took seven years to finish the job.
The estate has nine bedrooms, an eight-car garage, a home cinema, a swimming pool, and courts for basketball, tennis, and volleyball.
After listing the house for $42 million in 2013, the couple chose to keep it.
Additionally, they own a $910,000 home in Woodlands Hills with five bedrooms and six bathrooms. The house is mortgage-free.
Furthermore, they own a minimum of two properties in Pennsylvania that they purchased in the 1990s for less than $1 million per.
Finally, they are said to be the owners of an opulent cabin near Park City, Utah.
The couple previously owned a $3.4 million, five-bedroom, six-bathroom house in the neighborhood, which they purchased in April 2003.
It was reported in 2017 that Jaden, then eighteen, moved into the residence.
There are two mortgages against the property, both held in trusts connected to Will and Jada.
A $1,350,000 home loan was taken out in October of last year, adding to the $955,000 mortgage from 2011 and making a total of $2,305,000 in loans.
Willow, the couple’s daughter, moved into a house they bought, just like Jaden. August 2020 saw the purchаse of her four-bedroom Malibu hillside property for $3.1 million.
The couple obtained a $2,170,000 loan from Morton, Will’s business manager, two months after they bought the property, making their four mortgages total $11,820,000.
Even though their two children were given separate residences, Will’s 30-year-old eldest son, Trey, who he has with his ex-girlfriend Sheree Zampino, still seems to live with him in Calabasas.
Last week, Jada revealed that she intended to move back in with her divorced husband Will at some point in the future to help with his “aging.”
The actress shocked everyone earlier this month when she disclosed that she and Will had been quietly broken up for seven years. She gave the excuse that they were “exhausted with trying.”
She went on to talk more about their current arrangement, calling them “life partners” and stating that she will take care of him in the future.
“I think eventually we will [live together again],” she said to The Times. Really, I do. Is Will growing older? Even though I’m still relatively young, it’s becoming clear to me that he will require care.
Will and Jada got married in 1997.