At the end of the 1980s Will Smith he was a rapper and operated under the pseudonym The Fresh Prince. At that time, his approach to financial matters was quite reckless. He told Idris Elba, who was the host of the authors’ meeting for the book “Will,” about what this had led to.
Smith confessed that he did not pay taxes for two and a half years at the time. His debt to the tax authorities was very large, as Smith’s first hit single, “Girls Aint Nothing But Trouble”, sold 3 million copies. “America is a great country. I thought I didn’t need money from everyone. But Uncle Sam asked for money and I didn’t have any,” recalled the actor.
Smith knew he was no joke with the tax, so in the end he decided to pay the back taxes. His musical success was to help him in this. Will hoped to release the album quickly and regain liquidity. Unfortunately, the project didn’t work out, so Smith had to sell off all his fortune – his newly purchased house, cars, and motorbike.
However, this was not enough to pay off the debt. “I also borrowed $ 10,000 from a friend of mine who was a local pharmaceutical supplier,” Smith revealed. What he called his colleague’s profession made the audience laugh as the audience knew it was a drug dealer.
Thanks to this loan, Will was able to pay off the missing part of the tax debt and was able to afford to move from Philadelphia to Los Angeles, where he wanted to pursue an acting career. There he achieved success very quickly. In 1990, he signed with NBC to participate in the series “Bajer of Bel-Air”, which became one of the most popular sitcoms in America.
More interesting facts from the life of this star are brought by his autobiography entitled “Will”. The book will be published in Polish on November 24.
Soon you will be able to see the actor in the title role in the film “King Richard: A Victorious Family”which tells the story of the father of famous tennis players Serena and Venus Williams. The film shows their beginnings when, thanks to their father’s persistence, they began to succeed in tennis, which was previously the domain of white athletes.
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