As of 2024, Considered one of the richest celebrity kids, Jaden Smith has a net worth of $80 million, most of which was inherited by him. Shortly after Jaden’s birth, Will Smith began funneling funds from his estate into a Trust Account at Goldman Sachs, according to Forbes.
The paperwork state that Jaden Smith will have complete access to this trust when he turns 26. Will Smith, on the other hand, has stipulated that Jaden obtain a college degree in order to be eligible for the payments.
Business Losses
Jaden Smith and his sister started a clothing business called MSFTS. Jaden, like many other celebrity children, failed to handle the business sensibly. Tax records show that he lost more than $6 million on this operation and this has apparently upset his father.
According to insiders, Will Smith had an angry conversation with Jaden and reportedly told him, ‘Get Your S**t together, or I’m gonna take your trust fund away.
Jaden Smith Net Worth 2024
| Net Worth | $180 Million |
| Annual Income | $16 Million |
| Salary | $9 Million per movie |
| Inheritance | $150 Million |
| Cash in Bank | $29 Million |
Luxury Spending
According to reports, Jaden lost a significant amount of money playing poker at a high-stakes table. He is said to have lost over $1 million in a single night. Despite his losses, Jaden continued to gamble, and his losses eventually mounted.
In addition to his gambling losses, Jaden also spent a significant amount of money on hotels, parties, and girls. He was often seen at the most exclusive clubs in Vegas, and he was known for his lavish spending , as per a Forbes report in February 2024.
It’s widely believed that Jaden Smith allocates a significant portion of his money on cannabis, other substances, and extravagant parties. His recent credit card records indicate that he expended more than $3 million in the past year on substances and trips to Las Vegas.
Additionally, Jaden made purchases amounting to $1.6 million on Ralph Lauren and LV designer apparel and goods over the same time frame. If this continues, Jaden is bound to lose all of his net worth and money in the trust fund and go broke very soon.
FAQs
Jaden Smith inherited a huge sum of money from his father Will Smith’s Estate. As per documents, Jaden was born rich with over $150 million in trust fund money.
Jaden Smith was paid a $1 Million salary for the film The Karate Kid also starring Jackie Chan.
Yes, Jaden Smith received martial arts training for his role in the 2010 film “The Karate Kid. His training primarily focused on the discipline of kung fu.
Yes, Jaden Smith is the biological son of actor Will Smith.