Inside Will Smith and Jada Pinkett Smith’s $63M property portfolio: Hollywood couple have FOUR mortgages and two mansions for kids Willow and Jaden… as they live apart amid seven-year separation
Inside the $63 million real estate holdings of Will and Jada Pinkett Smith: A couple from Hollywood has two kid-specific houses and FOUR mortgages. As they live apart after a seven-year separation, Willow and Jaden
Despite their seven-year separation, Will and Jada Pinkett Smith have an astounding $63 million property portfolio. They do not currently reside together.
The Sun reports that the 55-year-old Fresh Prince of Bel-Air star and the 52-year-old Matrix actress had paid off four mortgages totaling $11,820,000.
Two mansions that were given as gifts to their children, Willow, 22, and Jaden, 25, are among the mortgaged properties.Jada currently lives in a home close to Will’s in Calabasas, but she recently stated that she sees herself moving back in with him eventually.
Their most recent real estate acquisition was a $11.3 million, six-bedroom, seven-bathroom house in the gated Hidden Hills neighborhood, which 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.
Property portfolio: Will Smith and Jada Pinkett Smith have an impressive $63million property portfolio, though they are currently not living together amid a seven-year-separation: Pictured is their $11.3 million Hidden Hills home where Jada is said to be living
Plenty of estate: 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 are seen in 2022
Homes for the kids: Two homes given to their children, Willow, 22, and Jaden, 25 (middle), are among the mortgaged properties owned by them. Trey, 30, (L), Will’s eldest son, who he has with his ex-girlfriend Sheree Zampino, still looks to be residing with him in Calabasas; viewed in 2022
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 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 purchase 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.
Jada Pinkett Smith discusses her connection to Will Smith.
Most recent: Their most recent real estate purchase was a six-bedroom, seven-bathroom home in the gated Hidden Hills community, which they purchased in March 2021 for $11.3 million
Splendid: Ten months after the acquisition, they refinanced and took out a $7,345,000 home loan with City National Bank, with a rate of 2.39 per cent for ten years
Will’s home: Meanwhile Will is said to be living in the pair’s former mortgage-free $42M Calabasas mansion, which they built together
Luxury: To make their home a reality, the Smiths bought a number of neighboring properties in LA in 2003, and started turning them into one compound
Living in luxury:The estate has nine bedrooms, an eight-car garage, a home cinema, a swimming pool, and courts for basketball, tennis, and volleyball.
In NYC, Jada Pinkett Smith makes an appearance to promote her memoir.
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. There is no mortgage on the house.
Furthermore, they own at least two properties in Pennsylvania that they paid less than $1 million for each when they purchased them in the 1990s.
Finally, they are said to be the owners of an opulent cabin near Park City, Utah.
Jaden’s home: The pair gifted their son Jaden a five bedroom and six bathroom home in the Hidden Hills, which they bought in April of 2003, for $3.4M
Willow’s Malibu home: Like Jaden, Willow, the couple’s daughter, moved into a house they bought. Her $3.1 million hillside Malibu property with four bedrooms was purchased in August 2020.
Jada is referred to by Will Smith as his best buddy on the earth.
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. I genuinely do. Will is growing older. Even though I’m still relatively young, it’s becoming clear to me that he will require care.