Celebrity Couple Will Smith and Jada Pinkett Smith's Property Portfolio Has Mansions Worth $63 Million
The estranged couple Will and Jada Pinkett Smith's relationship may have weakened with time, but the couple's property foundation is still strong. Despite living separately, their property portfolio is worth $63 million, along with four mortgages and mansions in their kid's names- Jayden and Willow. Here's a breakup of their million-dollar empire.
The Men in Black star and his estranged wife, Pinkett Smith, built some property for their two kids, and sadly, three of them are under staggering mortgages, $11,820,000, to be precise, according to The Sun. Among those are two mansions for their kids- 25-year-old Jayden and 22-year-old Willow.
Will and the Girls Trip star have been living separate lives for the past seven years, and consequently, Pinkett Smith moved out of their Calabasas home and began residing somewhere nearby. However, it's still unknown if the two share the same roof, but recently, she [Jada] did reveal she might reconsider living with him again to "take care of him," reported Daily Mail.
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The couple's most recent property purchase is a six-bedroom, seven-bathroom home in the gated Hidden Hills community, which is also home to the Kardashians and Jenners. Reportedly, Will and Pinkett Smith bought the property in March 2021 for $11.3 million. They took a home loan with City National Bank worth $7,345,000.
Apparently, the bank is nicknamed 'Bank to the Stars' and gives celebrities and its high-end clients lower interest rates. Will and Pinkett Smith received a 2.39 percent interest rate for ten years. However, this property isn't in their name but to the 52-year-old's parents- mom Adrienna Banfield Norris and Michelle Morton.
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Morton (Jada's father) is Hollywood's one of the finest real estate experts with a clientele like Adele. The couple had another property worth $3.4M in April 2003, including five bedrooms and six bathrooms. Although their kids have their own separate mansions, Will's 30-year-old son Trey, with ex Sheree Zampino, resides with dad in his Calabasas home.
Their Calabasas home is mortgage-free because the couple built it together from scratch. However, there's another property that they purchased in 2017 that has two mortgages in a Trust's name. One mortgage from 2011 is for $955,000, followed by a second mortgage from 2011 for $955,000, equating to $2,305,000 in loans.
Their Calabasas home survived burns after a fire broke out in the basement and, consequently, had to be rebuilt in 2021. A source close to the Smith family reported, "They are all fine and in the home. A fire broke out in the basement, and a fireman was treated, but everyone is fine," as per the New York Post.
Aside from the 25,000 square feet home, Will and Pinkett Smith's real estate investments include two places in Pennsylvania, which they bought in the nineties for under $1M each. The much-in-love couple stunned their fans when the news of their separation broke out.
However, Pinkett Smith is hopeful. She said, "I think eventually we will [live together again.] I really do," reported The Times. The estranged couple got married in 1997.
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