Jaden Smith can’t vote, drink or drive yet, but he’s already a millionaire. The 12-year-old actor pulled in seven figures to star in last year’s Karate Kid reboot, according to TMZ, who obtained Smith’s contract for the movie.

According to the June 2009 contract, his up-front fee was split into two installments, one for $900,000 and one for $100,000. But Jaden’s back-end deal was even more lucrative. Because the film topped $150 million in the domestic box office, the young actor locked down another $2 million bonus.

Must be nice.