Hollywood power couple Jada Pinkett and Will Smith are separating, according to In Touch. TMZ reported calling Jada's rep, who said, "What? In Touch said that? I know nothing about this... Lord, I'm going back to bed."

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UsWeekly reports that the sudden rumors of their breakup is false, saying an insider close to the family said the story is "100-percent not true. It's total bulls***."

Back in 2009, the mother-of-two shot down criticism of her marriage, saying, "I've heard all the things -- their marriage is not real, he's gay, she's gay, they swing. But at the end of the day, people have to believe what they have to believe. I'll tell you what, it's too hard to be in a pretend marriage. Life's too short for that one."

Will's son, Trey, tweeted, "Did #WillandJada split? No they did NOT split ! False information ..its not true RETWEET!!!"

The seemingly happy couple, who graced the cover of Architectural Digest just last month, gave readers a breathtaking look inside their 25,000-square foot Southern California mansion. Will described the layout of the home, explaining it had a deeper meaning behind the way it was structured, saying there were no dead ends, in order "to create an infinite cycle that represented what Jada and I had hoped for our love."

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The pair first met on the set of "The Fresh Prince of Bel Air," when Pinkett auditioned for the role of Will's girlfriend. The actress didn't get the part, but won his heart in real life and in 1997, married Smith in an extravagant wedding at a mansion in Baltimore.

Mr. and Mrs. Smith's Megamansion!

The "Men in Black" star was previously married to former fashion design student Sheree Zampino for three years and divorced in 1995. The marriage yielded a son, Willard Christopher Smith, also known as Trey, who is now 18.

In past interviews with "Extra," Jada seemed perfectly happy in her marriage -- a few years back, Jada beamed about celebrating a big milestone, saying, "Ten years [anniversary] baby! Ten carats for ten years!"

The actress also joked she and Will keep the marriage alive with "lots and lots of sex," and even scolded "Extra's" Steve Santagati for forgetting to say her full last name after he said, "I'm here with Jada Pinkett." Jada chimed in, "Smith! Smith!"

Will, 42, and Jada, 39, have been together for 14 years and have two children together; actor Jaden, 13, and singer Willow, 10.

UPDATE: Another rumor circulating around their split involve a hookup between Pinkett Smith and her recently separated "HawthoRNe" costar Marc Anthony. Jada's rep, Karynne Tencer tells People, "All the rumors regarding Marc Anthony and Jada are false. Completely untrue. As for [the reports of a split between] Will and Jada, I'm not commenting on their personal life."

Anthony's rep added, "We unequivocally deny this. Enough is enough. There are families involved, children involved, friendships involved. This is not true."

UPDATE: Finally, Will and Jada's publicist released this statement re the rumors:

A joint statement from Will Smith and Jada Pinkett Smith:
"Although we are reluctant to respond to these types of press reports, the rumors circulating about our relationship are completely false. We are still together, and our marriage is intact."


The 15 Most Expensive Divorces

1. Rupert and Anna Murdoch

In 1999, FOX/News Corp. chairman Rupert Murdoch divorced his wife, Anna, after 32 years of marriage. The total assets involved: $1.7 billion.

2. Michael and Juanita Jordan

NBA star Michael and Juanita Jordan divorced in 2007 after 17 years of marriage. The total assets involved: $168 million.

3. Neil Diamond and Marcia Murphey

Singer Neil Diamond divorced Marcia Murphey in 1994 after 25 years of marriage. The total assets involved: $150 million.

4. Tiger Woods and Elin Nordegren

Golf champ Tiger Woods and model Elin Nordegren after six years of marriage. Total assets involved: $100 million.

5. Steven Spielberg and Amy Irving

Producer/director Steven Spielberg and actress Amy Irving divorced in 1989 after four years of marriage. Total assets involved: $100 million.

6. Sumner and Phyllis Redstone

Viacom Chairman Sumner Redstone and wife Phyllis split in 1999 after 52 years of marriage. Total assets involved: $100 million.

7. Madonna and Guy Ritchie

Actress/singer Madonna and director Guy Ritchie divorced in 2008 after eight years of marriage. Total assets involved: Between $76 to $92 million.

8. Harrison Ford and Melissa Mathison

Actor Harrison Ford divorced screenwriter Melissa Mathison in 2004 after 21 years of marriage. Total assets involved: $85 million.

9. Kevin Costner and Cindy Silva

Actor/director Kevin Costner divorced his college sweetheart Cindy Silva in 1994 after 16 years of marriage. Total assets involved: $80 million.

10. James Cameron and Linda Hamilton

Director James Cameron divorced his second wife, actress Linda Hamilton, in 1999 after only 17 months of marriage. Still, the total assets to divide between them was $50 million.

11. Paul McCartney and Heather Mills

Beatles legend Paul McCartney and second wife, Heather Mills, engaged in a nasty divorce in 2008 after six years of marriage. Total assets involved: $48.5 million.

12. Michael and Diandra Douglas

Actor Michael Douglas split with his first wife, Diandra, in 1999 after 22 years of marriage. Total assets involved: $45 million.

13. Donald and Ivana Trump

Real estate mogul Donald Trump divorced his first wife, Ivana, in 1992 after 15 years of marriage. Total assets involved: $25 million.

14. Lionel and Diane Richie

Singer Lionel and Diane Richie divorced in 2004 after nine years of marriage. Total assets involved: $20 million.

15. Mick Jagger and Jerry Hall

Rolling Stones frontman Mick Jagger and model Jerry Hall divorced in 1999 after nine years of marriage. Total assets involved: $15 and $25 million.

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