Sad News: Will Smith’s Charity Suffers Huge Losses in the Wake of the Oscars Slap

Will Smith’s Reputation Took a Hit Following the Oscars Slap

Even though the Will Smith Oscar slap occurred two years ago, Smith’s regrettable actions affected more people than just Chris Rock. The actor and his wife Jada Pinkett Smith actually had to bear the consequences of their charitable endeavors. According to information gleaned from tax records, Variety reports that the Will Jada Smith Family Foundation experienced a precipitous drop in funding, resulting in a revenue reduction from $1,760,000 in 2020 and $2,138,660 in 2021 to a meager $365,870 in 2022. This is undoubtedly a result of the charity losing money from well-known contributors who probably didn’t want to be connected to the pair after the Oscar slap incident.which saw Will enter the stage and hit comic Chris Rock for making a joke about his wife. That is a sharp drop of 83% from the revenue received in 2021, and the drop was a direct consequence of the withdrawal of major donors like American Airlines, who gave $76,160 in 2021, and CAA, which made a noteworthy $100,000 donation in the same year. Reports indicate that, prior to the event at the Academy Awards, Smith and his family were considering shutting down the foundation and contributing the same amount to other charitable causes, but they preferred to do it in private. This could have been done to lessen the impact.Smith’s reputation suffered a great deal after being slapped at the Oscars. The actor was expelled from the Academy a few days later and was prohibited from attending the event for ten years, even though he had won Best Actor that evening for his role in King Richard. After that, his only options were to remain silent and take some time to think back on his past deeds in an effort to repair his reputation. His movie Emancipation came out at that period, and he did come out of a little break to promote it. Though the film drew mixed reviews, it did demonstrate the actor’s potential for a comeback when the effects of the slap wore off.Smith concluded that returning to well-known roles was one of the finest methods to win back the public’s favor. One of those jobs was in the Bad Boys franchise as Marcus Burnett, which required him to reunite with Martin Lawrence for the latest installment, Bad Boys: Ride or Die. supporters have responded well to the first trailer that was just published, suggesting that Smith hasn’t lost all of his supporters. According to sources, the actor is still in high demand financially. He was paid an incredible $25 million for his roles in the Bad Boys sequel and the upcoming Netflix series Fast and Loose.