Will Smith and Jada Pinkett Smith have an impressive $63 million real estate portfolio, although they are not currently living together due to a seven-year separation.
The Fresh Prince of Bel-Air star, 55, and the Matrix actress, 52, have taken out four mortgages worth $11,820,000, according to sources. The sun.
Among their mortgaged properties are two townhouses gifted to their children, Willow, 22, and Jaden, 25. Currently, Jada has her own home near Will in Calabasas, but recently said she sees herself living with him again in the future .
Their most recent real estate purchase was a six-bedroom, seven-bathroom home in the gated community of Hidden Hills, which they purchased in March 2021 for $11.3 million.
Ten months after the acquisition, they refinanced and took out a $7,345,000 home loan from City National Bank, at an interest rate of 2.39 percent for ten years.
Real estate portfolio: Will Smith and Jada Pinkett Smith have an impressive $63 million real estate portfolio, although they are not currently living together after a seven-year separation: Pictured is their $11.3 million Hidden Hills home, where Jada is said to live
Plenty of assets: The Fresh Prince of Bel-Air star, 55, and the Matrix actress, 52, have taken out four mortgages worth $11,820,000, according to The Sun; they will be seen in 2022
Houses for the kids: Among their mortgaged properties are two townhouses gifted to their children: Willow, 22, and Jaden, 25 (center). Will’s eldest son Trey, 30 (L) – whom he shares with ex Sheree Zampino – appears to still live with him in Calabasas; seen in 2022
The property is not in their names, but instead a trust, whose trustees are Jada’s mother Adrienna Banfield Norris and Michelle Morton, a leading financial expert.
The couple already owned a five-bedroom, six-bathroom home in the area, which they purchased in April 2003 for $3.4 million.
In 2017, it was reported that Jaden moved into the property at the age of 18.
The property has two mortgages, both in trusts linked to Will and Jada.
One mortgage from 2011 is $955,000, and was followed last October by a $1,350,000 home loan, bringing the total to $2,305,000 in loans.
Like Jaden, the couple’s daughter, Willow, moved into a property they had purchased. Her four-bed hilltop Malibu home was purchased in August 2020 for $3.1 million.
Two months after the purchase, the couple took out a $2,170,000 loan through Morton, Will’s business manager, bringing their four mortgages to a total of $11,820,000.
Although the couple’s two children got their own home, Will’s eldest son Trey, 30 – who he shares with ex Sheree Zampino – appears to still be living with Will in Calabasas.
Most recent: Their most recent real estate purchase was a six-bedroom, seven-bathroom home in the gated community of Hidden Hills, which they purchased in March 2021 for $11.3 million
Beautiful: Ten months after the acquisition, they refinanced and took out a $7,345,000 home loan from City National Bank, with an interest rate of 2.39 percent for ten years
Will’s house: Meanwhile, Will is said to be living in the couple’s former $42 million mortgage-free Calabasas mansion, which they built together
Luxury: To make their home a reality, the Smiths purchased several adjacent properties in LA in 2003 and began transforming them into one complex
Opulent living: the estate consists of nine bedrooms, a home theater, a swimming pool, basketball, tennis and volleyball courts, an eight-car garage and more
The house is mortgage-free because it was built by Will and Jada.
To make their home a reality, the Smiths purchased several adjacent properties in LA in 2003 and began transforming them into one complex.
The project lasted seven years.
The estate consists of nine bedrooms, a home theater, a swimming pool, basketball, tennis and volleyball courts, an eight-car garage and more.
The couple sold the house in 2013 for $42 million, but later decided to keep it.
They also have a five-bed, six-bath home in Woodlands Hills, which they bought in 2010 for $910,000. There is no mortgage on the house.
In addition, they have at least two properties in Pennsylvania, which they purchased in the 1990s for less than $1 million each.
Finally, they are rumored to own a luxury cabin in Park City, Utah.
Jaden’s home: The couple gifted their son Jaden a five-bedroom, six-bathroom home in the Hidden Hills, which they purchased in April 2003 for $3.4 million
Willow’s residence in Malibu: Like Jaden, the couple’s daughter Willow moved into a property they purchased. Her four-bed hilltop Malibu home was purchased for $3.1 million in August 2020
Last week, Jada shared that she will one day move back in with her estranged husband Will to “take care of him” because he’s “getting old.”
The star stunned the world earlier this month when she revealed she and Will have been secretly separated for seven years – citing their “exhaustion from trying” as the reason behind their split.
She then went on to talk about their current arrangements, saying that they are “life partners” and that she plans to care for him in the future.
She said The times: ‘I think eventually we will (live together again.) Really. Will is getting old. I’m still quite young, but it’s becoming increasingly clear to me that he needs someone to take care of him.’
Jada has been married to Will since 1997.