Currently Will Smith He is one of the most recognized Hollywood stars in the world, who also has a great fortune derived from the success of his films, however, it was not always like that, because at the end of the eighties the actor was in one of the most difficult financial situations he has ever faced in his life, and that was when ‘The Prince of Rap’ appeared.
It is important to mention that before starring in ‘The Prince of rap‘, Will Smith had achieved success in the world of music in the year of 1988, when he won the Grammy for the song’Parents Just Don’t Understand‘, so, at that time, the future actor was starting to earn a huge amount of money.
It may interest you: 5 Cameos in the ‘Prince of Rap’ thanks to Will Smith
But how come Will Smith went bankrupt ?. The answer to that question is that the then-young Will spent his huge income derived from music, without thinking about taxes, which led to a large tax debt, with the United States government.
Will Smith only earned 30% of his salary on ‘The Prince of Rap’
When he started ‘The Prince of Rap’ in 1990, it is rumored that Will’s aforementioned debt to the US government reached $ 2.8 million, and to recover back taxes, the actor lost much of his assets due to an embargo, including, When he began filming with NBC, the United States government kept 70% of every check Smith received during the first three seasons of the iconic 1990s series.
It may interest you: Will Smith: The 5 best episodes of ‘The Prince of Rap’
For that reason, the actor was in a very difficult situation when he started ‘The Prince of Rap’, a comedy that no one anticipated would become a mega success that would change Will’s life forever, in addition, it was the production that opened him the doors to the world of cinema, and we all know what was the result that Smith obtained on the big screen.
There is no doubt that life takes many turns, since if Will Smith had not found himself in that difficult financial situation at the end of the eighties, perhaps he would never have been the protagonist of ‘The Prince of Rap’, and we would have lost ourselves one of the best comedies of all time.
– .
