According to TMZ one of Will and Jada’s offspring is already a millionaire!! One of the kids signed a contract that will bring in at least $3 Million which is a pretty big paycheck considering both children aren’t even teenagers yet! Is the young millionaire 12 year old Jaden or 10 year old Willow? Find out after the jump.

@Julie1205

He’s only 12 years old — but last year, Jaden Smith pulled in SEVEN FIGURES to star in “Karate Kid.

TMZ obtained Jaden’s “KK” contract from June 2009 — back when he was only 10 — and according to the docs, 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 — since the film topped $150 million in the domestic box office, the young actor locked down another $2 million bonus.

But $3 million is the bare minimum — based on several additional in-contract perks AND the astronomical success of the film, Jaden likely pulled in even more.