Will Smith net worth and salary: Will Smith is an actor, film producer and rapper who has a net worth of $300 million. Every year, Will Smith earns at least $40 million from his various endeavors and has earned as much as $80 million. Will Smith was born and raised in West Philadelphia of modest beginnings as the son of a school administrator and refrigerator engineer. Today he is one of the biggest actors on the planet. He first gained recognition as a rapper alongside friend DJ Jazzy Jeff. Smith earned the first Grammy ever won for the newly formed Rap category in 1988. Smith's acting debut came in 1990 starring in the NBC sitcom The Fresh Prince of Bel-Air, which spanned six seasons and won several awards. Will Smith's film debut with the drama Where the Day Takes You, but kicked his career into high gear with a rapid succession of action films including Bad Boys, Independence Day, and Men in Black, the latter two earning worldwide revenues at $817.4 million and $589.3 million, respectfully. Smith never left music, and while working simultaneously on his films he released four solo albums, two which have gone platinum. Smith had numerous hit singles, among them "Men in Black," and "Gettin' Jiggy Wit It," earning Smith two consecutive Grammy Awards for Best Rap Solo Performance. Smith was twice nominated for an Academy Award, both for portraying real people, Muhammad Ali in Ali and Chris Gardner in The Pursuit of Happyness. In addition to acting in, Smith has also produced several of his films including I Am Legend, Seven Pounds and Hitch. Among his awards, Smith has two BET Awards, one Image Award, four MTV movie Awards, and two People's Choice Awards. He has three children, Jaden Smith, Willow Smith (with his wife, Jada Pinkett) and Trey Smith (with his first wife, Sheree Ampino).