May 2nd, 2011
01:12 PM ET
So much for an allowance! Twelve-year-old Jaden Smith—son of Will and Jada—reportedly earned seven figures for his breakout role in the 2010 blockbuster "The Karate Kid."
Celebrity news site TMZ claims to have obtained Smith's 2009 contract for the action flick, which shows that he was paid $1 million up front to headline the movie.
As part of his deal, the pre-teen also received a $2 million bonus after the film became a blockbuster, taking in $176.6 million domestically and $359.1 million worldwide.
That brings Smith's tally to $3 million, although TMZ believes he made even more dough thanks to additional in-contract perks and the movie's international success.
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