ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NET WORTH

Red Hot Chili Peppers Drummer Chad Smith is Also Known for His Collaborations; Here's His Net Worth

He previously played Pearl drums, but in 2016, he made the switch to DW drums
PUBLISHED NOV 27, 2023
Chad Smith from the Red Hot Chili Peppers performs on stage at Yaamava’ Theater at Yaamava’ Photo by Rich Polk/Getty Images for Yaa
Chad Smith from the Red Hot Chili Peppers performs on stage at Yaamava’ Theater at Yaamava’ Photo by Rich Polk/Getty Images for Yaa
Name Chad Smith
Net Worth $90 Million
Salary $700,000
Annual Income $700,000+
Source of Income Drumming, music
DOB Oct 25, 1961
Age 62 years old
Gender Male
Profession Drummer, musician
Nationality American

Six-time Grammy Award winner and Rock and Roll Hall of Famer, Red Hot Chili Peppers member Chad Smith has also been named as one of the 10 best drummers in alternative music, and boasts of a $90 million net worth. His journey from a self-taught drummer to a Rock and Roll Hall of Fame inductee started when he was sent to boarding school after running away from home. Smith then started working at Gap among other places to make extra cash, and then ended up playing for local bands in Michigan. He then moved to Los Angeles with his brother, auditioned for Red Hot Chili Peppers, and has been a member of the band since 1988.

Music has been the primary source of income in Smith's life, thanks to him being an integral part of the Red Hot Chili Peppers. With his thundering beats and rhythmic precision, Smith contributed to the band's massive success, including albums like "Blood Sugar Sex Magik" and "Californication," which collectively sold over 28 million copies worldwide. His partnership with bassist Flea is also lauded as one of the best rhythm sections in the industry.

Drummer Chad Smith of the Earthlings plays guitar on stage at Benaroya Hall/ Photo by Jim Bennett/Getty Images
Drummer Chad Smith of the Earthlings plays guitar on stage at Benaroya Hall/ Photo by Jim Bennett/Getty Images

In addition to his role in the Red Hot Chili Peppers, Smith has collaborated with various artists and bands, including Chickenfoot, Chad Smith's Bombastic Meatbats, Johnny Cash, Post Malone, Lana Del Rey, and Ozzy Osbourne. His percussion skills are highly sought after, making him a prominent session musician.

Apart from drumming, Chad Smith is passionate about music education in public schools, further enhancing his impact on the music world. 

Smith's endorsements have also played a role in his income. Over the years, he has endorsed various musical equipment brands. He previously played Pearl drums, but in 2016, he made the switch to DW drums. Smith also endorsed Sabian cymbals but announced a switch to Paiste on May 4, 2022. He continues to endorse Remo drumheads and Vater sticks, adding to his overall income.

In 2007, Chad Smith ventured into instrumental music with the creation of his band, "Chad Smith's Bombastic Meatbats." The group has released two studio albums, showcasing his versatility and creativity as a musician. Additionally, Smith joined the band Chickenfoot in 2008, further expanding his musical horizons, while staying with Red Hot Chili Peppers.


 
 
 
 
 
View this post on Instagram
 
 
 
 
 
 
 
 
 
 
 

A post shared by Chad Smith (@chadsmithofficial)


 

Smith's net worth of $90 million has enabled him to invest in properties, including a 5,000-square-foot waterfront home in Montauk, purchased in 2005 for $2.45 million. This stunning property sits on four acres of land and boasts of 259 feet of prime beachfront. In 2015, he and his wife, Nancy Mack, listed the Montauk property for sale at $15 million.

Smith and Mack also own a 6-bedroom home in Malibu, purchased for $6.3 million in 2005. This luxurious property offers breathtaking views of the Pacific Ocean and is listed for rent as of September 2023, with a monthly rental price of $95,000 and a $190,000 deposit.


 
 
 
 
 
View this post on Instagram
 
 
 
 
 
 
 
 
 
 
 

A post shared by Chad Smith (@chadsmithofficial)


 

In 2014, Smith acquired a Venice home for $2.755 million, but he sold this property for $2.85 million approximately a year later. In March 2023, he invested $18 million in a 9,200-square-foot mansion in Los Angeles's prestigious Brentwood neighborhood, further diversifying his real estate portfolio.

Year Earnings
2021 $50 Million
2022 $70 Million
2023 $90 Million
Social Media  Followers
Instagram 988,000 Followers
Twitter 590,800 Followers

When it comes to personal life, Smith has been married twice. His first marriage to Maria St John in 1996 ended in divorce after a year, during which the couple had one child. He married his second wife, architect Nancy Mack, in 2004, and they currently reside in Malibu with three children. In addition to his marital relationships, Chad Smith has fathered two other children from previous unions.

Drummer Chad Smith performs live on stage during Ohana Festival at Doheny State Beach/ Photo by Jim Bennett/WireImage
Drummer Chad Smith performs live on stage during Ohana Festival at Doheny State Beach/ GettyImages/ Photo by Jim Bennett/WireImage

Is Chad Smith married?

Yes, Chad Smith is currently married to architect Nancy Mack. They live together in Malibu and have three children.

Is Chad Smith related to actor Will Ferrell?

Chad Smith and actor Will Ferrell share an uncanny resemblance, often leading to humorous comparisons.

What are Chad Smith's main endorsements?

Chad Smith has endorsed several music equipment brands over the years, including DW drums, Paiste cymbals, Remo drumheads, and Vater sticks.

MORE ON MARKET REALIST
Steve Harvey bowed out as a standup comedian after 27 years in 2012, and since then he has been a sought after host.
4 days ago
The man who announced his retirement after the 2023 season was first introduced on television by Oprah.
Dec 3, 2024
Nicholas Puech, who owned a 5.7% stake in the luxury brand, has claimed he has nothing left in bank.
Dec 1, 2024
Pat Sajak has also bagged roles in movies and appeared as a guest host on other game shows.
Nov 20, 2024
The legendary lead vocalist of the celebrated rock band U2 has built a vast empire and is now the second richest rockstar on the planet.
Oct 3, 2024
Trump's impressive car collection includes McLaren Mercedes SLR, Rolls-Royce, and even an exclusive Cadillac.
Sep 27, 2024
The nursing student from Georgia found his trading account balance rise to a whopping $1,309,245,148,628.7
Sep 26, 2024
Is it surprising that the billionaire isn't a frequent shopper at the grocery store?
Aug 31, 2024
The pay gap led to her passing over the role and it ultimately went to a newcomer.
Aug 20, 2024
American businessman Charles Francis Feeney was called the "James Bond of Philanthropy" by Forbes.
Aug 14, 2024
Swift's partner Travis Kelce is estimated to be worth $70 million and the cat is richer than him
Aug 5, 2024
He spent his teenage years earning just $1 per hour by offering tourist tours
May 14, 2024
The rapper earns primarily from album and mixtape sales, endorsements, concerts, tours, live performances, and shows.
May 3, 2024
From real estate mavens and fashion PR queens to content creators and resilient entrepreneurs, these women bring a diverse range of experiences to RHONY.
Apr 27, 2024
For two years, soaring inflation eroded most workers' wage gains but recent data from the Bureau of Labor Statistics suggests that the tide is turning.
Apr 7, 2024
From global show to international tours, delve into the singing maestro Taylor Henderson's net worth
Apr 7, 2024
Today, many artists don't limit themselves to one art form but expand by launching their fashion lines or tieing up with charitable organizations
Mar 24, 2024
Take a look at how the financial maestro Carlos Slim Helubuild himself and his generations a legacy
Mar 24, 2024
These changes represent significant adjustments to the program, impacting millions of recipients across the United States.
Mar 16, 2024