How did Will Smith lose his money?
He Was In A Lot Of Debt Even though Smith was having success as a rapper with several hits to his name, he was making the dreaded error of not paying his taxes. … Because of the staggering amount of money that Smith owed, the IRS intervened and wound up snatching all his stuff.
Will Smith’s net worth is estimated at $350 million, making him one of the richest actors in the world.