No. The actor was just a victim of an internet death hoax. On January 12, 2014, the actor's reps made an official statement that Will Smith is not dead.
Reports of the actor's death spread quickly causing alarm among fans across the world. However the January 2014 news has now been confirmed as a widespread hoax and is one of the latest strings of fake celebrity death reports.
The actor best known for his roles in The Pursuit of Happyness, Men in Black, The Fresh Prince of Bel-Air is alive and well.
After a tweet belonging to a fake Will Smith Twitter account went viral, the real Will Smith has spoken out and paid tribute to the late James Avery, the actor who played his uncle on "The Fresh Prince of Bel Air" for six seasons. Read more at Huffington Post.