Will and Jada Smith Boycott the Oscars - in Their $42 Million Home

Ice Cube: "It’s crying about not having enough icing on your cake."

If you've been keeping up with what Hollywood considers the defining crisis of our time - #OscarsSoWhite - then you know that actor Will Smith and his wife Jada Pinkett Smith have suggested a boycott of the Oscars for its perceived lack of diversity in this year's nominations.

In a recent interview about the controversy, Smith said, 

"The beauty of Hollywood combined with American ideals is the ultimate dream for humanity: the basis of the American concept of anything is possible, with hard work and dedication, no matter your race or religion, creed, none of that matters in America."

Exactly right. But, he continued, "when I look at the series of nominations of the Academy, it's not reflecting that beauty":

"When I look at it, the nominations reflect the Academy, the Academy reflects the industry, reflects Hollywood. And then the industry reflects America, it reflects a series of challenges we're having in our country at the moment. There's a regressive slide towards separatism, towards racial and religious disharmony, and that's not the Hollywood that I want to leave behind. That's not the industry, that's not the America that I want to leave behind."

So he and Jada are sitting this one out.

Actor, recording artist, and producer Ice Cube offered a different perspective. In an interview, he said, 

"We don’t do movies for the industry, we do movies for the fans, for the people. And you now, the industry, if they give you a trophy or not, or they pat you on the back or not, it’s nice but it’s not something you should dwell on... It’s crying about not having enough icing on your cake. It’s just ridiculous.”  

Neither Jada nor Will have won Oscars, although the latter, an A-list actor whose movies are among Hollywood's biggest moneymakers, has been nominated twice for Best Actor Oscar (both times he lost to other black actors) and five times for a Golden Globe. He also has four Grammy wins.

Pictured above is the 25,000-square-foot Calabasas home of Will and Jada Pinkett Smith. It has been valued at a reported $42 million. The couple are worth an estimated $240 million. Their son Jaden Smith, also an actor, is worth an estimated $8 million. Their daughter Willow had a 2010 hit single, "Whip My Hair."

Here are a few shots of the home Smith has earned through the hard work and dedication he mentioned above, taken from Architectural Digest:

It sits on a 150-acre property.

The pool.

The gazebo.

The living room.

Another angle of the living room.

The master bath.

The home recording studio where Willow recorded her hit.

Jada's meditation room.

The master suite.

You get the picture.