Jaden Smith has no reason to borrow cash from parents Will Smith and Jada Pinkett Smith anymore!
TMZ reports that the 12-year-old actor raked in seven figures for his lead role in the remake of The Karate Kid. Not bad for only his third film!
According to the website, which obtained a copy of Smith’s June 2009 contract for the movie, his up-front fee of $1,000,000 was paid to him in two separate installments – one for $900,000 and the other for $100,000.
But once the film grossed over $150 million in domestic box office sales, Jaden received a sweet bonus of $2 million! Add that to the usual perks and royalties from his collaboration with Justin Bieber on the movie’s hit song, “Never Say Never,” and someone’s looking at a pretty large stash of cash to buy…whatever it is that 12-year-old boys are buying these days.
Still, Jaden’s got a few more movies to make to surpass his little sis, Willow, 10!