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 holdings: Despite their seven-year separation, Will Smith and Jada Pinkett Smith have an amazing $63 million property portfolio combined. Their $11.3 million Hidden Hills mansion, where Jada is rumored to reside, is shown.
Plenty of estate: According to The Sun, the 55-year-old Fresh Prince of Bel-Air singer and the 52-year-old Matrix actress have taken out four mortgages totaling $11,820,000; they will be 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.
Most recent: In March 2021, they paid $11.3 million for a six-bedroom, seven-bathroom house in the gated Hidden Hills enclave. This was their most recent real estate acquisition.
Magnificent: They refinanced and obtained a $7,345,000 house loan from City National Bank ten months following the transaction, with a ten-year interest rate of 2.39 percent.
Will’s house: Will, meanwhile, is rumored to be residing at their jointly constructed $42 million mortgage-free mansion in Calabasas.
Luxurious: The Smiths purchased several nearby properties in Los Angeles in 2003 and began combining them into a single compound in order to make their dream home a reality.
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.
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 house: The couple gave their kid a five-bedroom, six-bathroom Hidden Hills home, which they purchased in April 2003 for $3.4 million.
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.