Before the Oscars 2022 slap, which will probably leave a stain on Will Smith's otherwise unblemished reputation, there were a couple of close-to-the-bone jokes directed at the actor and his family courtesy of Chris Rock.
On Sunday night, Rock's joke about Jada Pinkett Smith's alopecia-induced baldness touched a raw nerve, leading to the dramatic and expletive-filled Oscars moment.
But soon after the incident, a joke that Rock told from the same stage six years ago as host of the 88th Academy Awards, also at the expense of Pinkett Smith, began to be wildly shared.
In 2016, a number of major Hollywood stars, including Pinkett Smith and Spike Lee, boycotted the awards in protest against the lack of diversity among nominees. Will Smith, who was widely praised for his role in the 2015 sports biographical Concussion, was also not nominated.
Addressing the boycott in his monologue, Rock mocked Pinkett Smith, saying "Isn't she on a TV show?", questioning her relevance on a night that celebrated films.
"Jada’s gonna boycott the Oscars? Jada boycotting the Oscars is like me boycotting Rihanna’s panties. I wasn’t invited," Rock said.
The comedian also took a jab at her husband missing out on a nomination.
"Jada’s mad her man Will was not nominated for Concussion. I get it, I get it. Tell you the truth, I get it. You get mad. Said it’s not fair that Will was this good and didn’t get nominated. You’re right. It’s also not fair that Will was paid $20 million for Wild Wild West, okay?," he said, referring to Smith's 1999 steampunk Western that was derided by critics.
Reacting to the joke days later, Pinkett Smith said "it comes with the territory".
"We gotta keep it moving," she said at a red carpet event. "We got a lot of stuff we gotta handle, a lot of stuff going on in our world right now. We gotta keep it moving."
Following Sunday's slapping incident, fans of Will Smith have also pointed to a 2018 Instagram post of the actor, which elicited a comment by Rock, again directed at Pinkett Smith.
In the post, Smith wished his ex wife Sheree Zampino, with whom he shares a son, Trey, a happy birthday, saying; "I Love You, Ree-Ree" and using the hashtag #BestBabyMamaEver. Zampino, who divorced Will in 1995, continues to share a cordial relationship with the actor as well as with Pinkett Smith.
"Wow. You have a very understanding wife," Rock reportedly commented on the post, which has since been deleted, according to eonline.com.
While the true extent of their relationship is not known, Smith and Rock have known each other for decades. In 1995, Rock appeared in a few episodes of The Fresh Prince of Bel-Air, the show that turned Smith into a star. Rock doubled up as a popular actor named Maurice Perry and his sister Jasmine in a guest appearance on the show.
The pair also appeared in the 1999 mockumentary Torrance Rises, which featured a number of stars playing themselves, including Madonna, Sofia Coppola and Fatboy Slim.
Rock has also featured in the same film as Pinkett Smith, with both actors lending their voices to the hit animated film Madagascar in 2005, as well as its two sequels — Madagascar: Escape 2 Africa in 2008 and Madagascar 3: Europe's Most Wanted in 2012.
On Monday, following reports that the Academy was reviewing the slapping incident, Smith, who did not apologise to Rock when he won the Best Actor Oscar for King Richard moments later, posted a message on Instagram.
"Violence in all of its forms is poisonous and destructive. My behaviour at last night’s Academy Awards was unacceptable and inexcusable," he said. "Jokes at my expense are a part of the job, but a joke about Jada’s medical condition was too much for me to bear and I reacted emotionally. I would like to publicly apologise to you, Chris. I was out of line and I was wrong," the actor continued.
He signed off the post, saying "I am a work in progress".
The Los Angeles Police Department on Sunday told Variety that Rock had "declined to file a police report".
"If the involved party desires a police report at a later date, LAPD will be available to complete an investigative report," they said.
Scroll through the gallery below for pictures of all the winners at the Oscars 2022:
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The specs
Engine: 4.0-litre V8 twin-turbocharged and three electric motors
Power: Combined output 920hp
Torque: 730Nm at 4,000-7,000rpm
Transmission: 8-speed dual-clutch automatic
Fuel consumption: 11.2L/100km
On sale: Now, deliveries expected later in 2025
Price: expected to start at Dh1,432,000
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”