Jada Pinkett Smith and Will Smith Face Financial Struggles
Two years ago, Will and Jada Pinkett Smith’s production company, Westbrook, thrived, producing popular shows like Red Table Talk and Bel-Air. The Smiths aimed to sell it for $1 billion, but when it was valued at $600 million, the deal collapsed.
March 2022: The Academy Awards, where The Slap took place. Following a joke about 52-year-old Jada, Will, 55, physically attacked Chris Rock on stage in front of millions of spectators. Will later apologized, despite taking home an Oscar for King Richard. Both their relationship and their finances were impacted by the event. Due to the difficulties facing their business, Will and Jada are working harder and cutting back on spending in order to stay out of financial problems at this difficult time.
After The Slap incident, Westbrook reportedly faced difficulties securing new deals, experienced a significant drop in revenue, and had to lay off half of its staff. Additionally, Jada’s Red Table Talk got canceled by Meta as Facebook Watch original programs were shut down. (Westbrook representatives deny dealmaking issues, attribute layoffs to 2023’s strikes, and claim there are offers to move Red Table Talk elsewhere.
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The insider notes that Jada’s revealing book, “Worthy,” which claims that she and Will quietly separated, has contributed to the issue in addition to the Oscars event. The book verified that they were estranged at the time of the Oscar event and had not lived together since 2016. In addition, their $42 million Calabasas property and continuing renovations are pricey, and Will’s movie earnings have declined.
Will and Jada remain optimistic, with Jada emphasizing that they have no intentions of divorcing. The source notes that despite their separation, they view themselves as a crucial team in Hollywood and are not afraid of putting in the effort. The future will reveal if this outlook stands true.
Jada Pinkett Smith and Will Smith Face Financial Struggles
