Entertainment

Always Bankable: Will Smith’s Biggest Business Moves

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LOS ANGELES, CALIFORNIA – NOVEMBER 30: Will Smith attends the Los Angeles Premiere of Apple Original Films’ “Emancipation” on the Regency Village Theater on November 30, 2022 in Los Angeles, California. (Photo: Matt Winkelmeyer/Getty Images)

Will Smith and Martin Lawrence revived ticket sales this month with the discharge of the most recent installment within the Bad Boys franchise, a comedy-action universe that began in 1995. Like the debut film, the most recent film Bad Boys: Ride Or Die He got hooked huge numbers, with an estimated global opening of $104.6 million. While some observers were surprised by the success, others who followed Smith’s profession weren’t. The actor has been recognized for over twenty years, each on and off screen.

Production company

Will founded Westbrook Inc. together with his famous wife Jada Pinkett Smith in 2019. – a media production company that focuses on short- and medium-form digital content, TV shows and movies, including Red Table Talk.

Recently, the energy industry couple entered into an acquisition agreement with Jerome Levy’s Vuelta Group buy the German production and licensing company Telepool from Westbrook. According to the Hollywood Reporter, Telepool has an intensive licensing library in Europe, mainly in Germany, with over 1,200 titles, including the Oscar-winning film produced by Westbrook.

Investments

Always a sensible investor, Will has an especially diversified portfolio that features interests in nearly 30 firms.

With Westbrook’s management and the Overbrook holding company, Will did just that invested in brands that include animation content company Invisible Universe, email app Superhuman and Fractional, a San Francisco-based real estate startup.

Will was recently named the latest co-owner of F1 racing company, E1, joining a bunch of high-profile investors that included tennis icon Tom Brady Rafael NadalDJ Steve Aoki and singer-songwriter Marc Anthony.

“As a racing fan, the opportunity to be part of the E1 fleet and play a role in realizing its larger vision has inspired me greatly.” Smith said. “The entire Westbrook team is truly excited to get Westbrook Racing on the water and join such an amazing group for this race.”

Rodi Basso, CEO and co-founder of E1, added: “Will Smith is simply one of the most famous names in the world. He has shown throughout his career that he is a born winner, so we are incredibly excited to see how this all translates to racing on the water. He has also proven time and again to be an inspiring force for good in many ways. Together we look forward to realizing our shared ambition to advance the electrification of sport and the positive impact this will have on the wider maritime industry.”

 

This article was originally published on : www.essence.com

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