*Will and Jada Pinkett Smith got out of 2011 with a super nice chunk of cash in their pockets. The couple sold their seven-acre Hawaii vacation home for $20 million.
The three-bedroom and three-bathroom home in Kauai was purchased for only $13.5 million in 2009.
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So after only two years, they took a $6.5 million profit to the bank.
The mansion includes hardwood floors, solar heating, a swimming pool and a hot tub.
But this is nothing compared to the family’s nine-bedroom estate in Calabasas, Calif., which also includes a basketball and tennis courts, three golf holes, a recording studio and a private lake.
That’s the way to do it! Liquidate BEFORE the divorce!
“Ditto”
“purchased for only $13.5 million?!”
Wow! I was expecting them to sell it for a loss. Everybody else is.
But then again, 2009 is not that long ago. The market was tanking from then.
I guess the Obama re-election campaign can use Will and Jada’s house as more evidence that the market is improving.
But I really hope they stay together.