As the world continues to mourn the iconic musician, Will took to Facebook to share his condolences, while revealing he was one of the few people who last spoke to Prince before his death.
Will said on Thursday (21 April): "I am stunned and heartbroken. I just spoke with him last night. Today, Jada & I mourn with all of you the loss of a beautiful poet, a true inspiration, and one of the most magnificent artists to ever grace this earth."
Will's wife Jada Pinkett Smith also wrote on Twitter: "Prince was one of the first artists to put me on game in regard to the industry. He was not only a genius artist, he was kind, funny, beautifully eccentric, curious, imaginative, magical, spiritual, rebellious and extremely intelligent.
"He showed me early the power of living one's life by one's own rules and no one else's. There are really no words to express what we have all lost today. To quote my friend Paress, 'Music has lost its heart beat.' Rest in peace Beauty…"
Prince - real name Prince Rogers Nelson - was found dead at his Paisley Park estate in Chanhassen, Minnesota on Thursday morning.
Police were called to a medical emergency at his estate at 9.43 am where he was found unresponsive in a lift. The medics tried CPR but were not able to revive him. Prince was pronounced dead at 10:07.
A rep for Prince confirmed his death in a statement: "It is with profound sadness that I am confirming that the legendary, iconic performer, Prince Rogers Nelson, has died at his Paisley Park residence this morning at the age of 57. There are no further details as to the cause of death at this time."
The Sheriff's Office, who are continuing to investigate the circumstances surrounding his death, released a statement which read:
"Carver County Sheriff Jim Olson reports that on April 21, 2016, at about 9:43 am, sheriff's deputies responded to a medical call at Paisley Park Studios in Chanhassen. When deputies and medical personnel arrived, they found an unresponsive adult male in the elevator. First responders attempted to provide lifesaving CPR, but were unable to revive the victim. He was pronounced deceased at 10:07 am. He has been identified as Prince Rogers Nelson (57) of Chanhassen.The Carver County Sheriff's Office, with the assistance of the Hennepin County Sheriff's Office and The Midwest Medical Examiner's Office, are continuing to investigate the circumstances surrounding his death."
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