/celebrity news

Jaden Smith Makes Seven Figures for ‘Karate Kid’

Posted on May 2, 2011 by

Here is a lesson for you – in your next life, become the son of a famous actor and start an acting career young. Reports have surfaced that Jaden Smith, son of Will Smith and Jada Pinkett Smith, is making seven figure money.

TMZ obtained a copy of Smith’s contract for the films, which was signed in June 2009 when the actor was just 10 years old. The contract reveals he was paid in two installments for the two films, one for $900,000 and $100,000.

And that’s not it – there was also a bonus.¬†Thanks to the film’s lucrative take at the box office — bringing in over $150 million — Smith received a $2 million bonus.

Let’s hope Mom and Dad have put the money in the hands of some decent accountants. The last thing we want to see is another Corey Haim situation.

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