Are Will and Jada Pinkett Smith Splitting After 20 Years of Marriage?

Rumor has it that the couple, who has been married since 1997 and has two children together, is getting a 'blockbuster' $270 million divorce.

AceShowbiz - One of the most beloved couples in Hollywood is rumored to be headed for a split. According to a new report from Radar Online, %cWill Smith% and %cJada Pinkett Smith% have been living separately ever since their children, %cJaden Smith% and %cWillow Smith%, left their home.

Should the report be true, Will and Jada will be ending their two-decade marriage, which the "Men in Black" star supposedly described as "excruciating" and "grueling." Some so-called pals of Will told the publication that the 49-year-old actor said everything's "over" between him and the 46-year-old actress.

The two "are already living separate lives" and could file for a "blockbuster" divorce that would cost around $270 million "if a planned round of last-ditch counseling doesn't produce results." A source dished, "They decided on a trial separation and have barely spent any time together lately."

"Everyone was hoping it would make them realize how much they love each other," claimed the insider, "but the reality is that they're both getting a taste of the single life and they're enjoying it." The source pointed out, "It seems like they're happier apart."

Reps for the powerhouse couple have yet to respond to the divorce rumor.

News of Will and Jada heading to a splitville comes just a month after they celebrated their 20th wedding anniversary. "The Pursuit of Happyness" actor took to his Instagram account to share a touching tribute to his wife.

Alongside a photo from their wedding, Will wrote, "20 Years Ago Today we held hands and walked naively down that aisle. Here's what I've learned since. . Love is Like Gardening... I have learned to focus on HELPING you to BLOSSOM into what YOU want to be (into what you were born to be)... Rather than wrestling with you to Fulfill my Selfish Needs & Satiate My Insecurities."

"I have learned that Love is Listening. Love is Giving. Love is Freedom," he continued. "Happy Anniversary, My Queen! I am forever Devoted to Nurturing your Deepest Truth."

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