Chad Smith Net Worth 2022: How a Musician Became a Millionaire?

When Red Hot Chili Peppers formed in 1988, Chad Gaylord Smith was brought in as drummer, and he's held that position ever since. In 2012, the band was officially recognized by the Rock & Roll Hall of Fame. Chickenfoot, a 2008 hard rock supergroup, and Chad Smith's Bombastic Meatbats, a 2007 all-instrumental band, both feature Smith on drums. On Taking a Long Way, he collaborated with The Chicks and won five Grammy Awards in 2007.

The Smiths have worked with Glenn Hughes, John Fogerty, Geezer Butler, Jennifer Nettles, Kid Rock, Jake Bugg, Joe Satriani, Post Malone, Eddie Vedder, Lana Del Rey, and Halsey, among many others. In 2010, Smith released Rhythm Train, a children's CD on which he sang and played several instruments with Dick Van Dyke and Leslie Bixler. On Ozzy Osbourne's album Ordinary Man, released in 2020, Smith co-wrote and performed with members of the backing band.

On Spin magazine's “100 Greatest Drummers of Alternative Music” list in May 2013, Smith ranked 10th.

A poll conducted by Rhythm magazine in the United Kingdom in June 2013 named Smith and Red Hot Chili Pepper bassist Flea as the fourth-best rhythm combination ever.

The Smiths are also well-known for their charitable activities, particularly with up-and-coming artists in the music industry. He has lobbied for the inclusion of music instruction in public schools across the United States. Since the beginning of 2017, Smith has served as host of the PBS music series Landmarks Live in Concert.

Early Life

Chad Gaylord Smith was born in St. Paul, Minnesota, on October 25, 1961. As a child, Chad was surrounded by two older brothers in Bloomfield Hills, Michigan, who taught him how to play the drums. He grew up listening to bands like Rush, Black Sabbath, and the Rolling Stones, among others.

To learn, Smith joined a band and never took any drumming lessons. A professional musician Chad relocated to California after playing the drums in a number of bands during his adolescence and acquiring the funk style.



chad smith net worth

On October 28, 1988, Smith went in for a tryout with the Red Hot Chili Peppers. D.H. Peligro was replaced as drummer by Chad, who immediately started working on the album “Mother's Milk.” As a result of the album's popularity, Chad accompanied the band on tour to promote their most recent release.

In a short time, the band released “Blood Sugar Sex Magik,” which went on to sell more than 13 million copies worldwide.

Dave Navarro joined the Chilis after several lineup changes and contributed to the publication of “One Hot Minute.” However, John Frusciante (who had already departed) was brought in to replace Navarro, and this proved to be a successful pairing.

The Red Hot Chili Peppers' most commercially successful album, “Californication,” was released with this new lineup. The album is expected to have sold over 15 million copies by the year 2020. “Scar Tissue” from “California” earned a Grammy Award as well.

In 2002, “By the Way” was released by Chad Smith and the Red Hot Chili Peppers, then in 2006, “Stadium Arcadium” was released. For the first time in the group's history, the band's latest album topped the US album charts. After Frusciante's departure, the band released their tenth studio album, “I'm With You,” in 2011.

The Red Hot Chili Peppers continued their 2013 tour after being elected into the Rock & Roll Hall of Fame in 2012. During the 2014 Super Bowl halftime show, the band performed alongside Bruno Mars. The Chilis released their second album, “The Getaway,” in 2016, and Frusciante returned to the group in 2019 for the second time.

Chad Smith's Net Worth

chad smith net worth

With a fortune of $90 million, Chad Smith is one of the wealthiest musicians in the world. Smith is best known as the drummer for the Red Hot Chili Peppers, a band that has become a worldwide sensation.

Chad joined the band in 1988, and he has been a vital component of the group's success ever since. A year later, Smith was inducted into the Rock & Roll Hall of Fame, joining his bandmates in the same honor.

The Chicks, Chickenfoot, and Chad Smith's Bombastic Meatbats are a few of the other groups and musicians with whom he has collaborated aside from the Red Hot Chili Peppers. Many musicians rely on Smith as their go-to percussionist in the studio because of his expertise and experience.

Chad has collaborated with a wide range of artists, including Johnny Cash, Post Malone, and Lana Del Rey. Ozzy Osbourne's album “Ordinary Man” was one of his most famous contributions.

One of the best drummers in alternative music history is Smith. Flea, the bassist of the Red Hot Chili Peppers, is widely regarded as one of the greatest rhythm sections of all time. When Smith isn't making music, she's dedicated to improving access to music education in K-12 classrooms.


Smith married Maria St John for the first time in 1996, however, the couple split after only one year of marriage and one kid. He wed Nancy Mack, an architect, in 2004. Three children have been born to the couple during the duration of their partnership in Malibu, California. Chad Smith also has two other children from previous partnerships.

Will Ferrell Look-Alike

A lot of people have noticed how similar Chad Smith and Will Ferrell seem, even though Smith claims that he looks “nothing like” Ferrell. The two have been on talk shows together, such as “The Tonight Show Starring Jimmy Fallon,” making use of their similarities. “I am not Will Ferrell” was emblazoned on a shirt worn by Chad at a show.

Real Estate

chad smith net worth

Chad Smith paid $2.45 million for a 5,000-square-foot seaside house in Montauk in 2005. The home is on two parcels totaling 4 acres, with 259 feet of great coastline. Smith and his wife were rumored to be selling this house for $15 million in 2015.

Buying a five-bedroom Malibu property for $8.6 million in 2006. This expansive property overlooks the Pacific Ocean. Smith's home is in the Point Dume region of Malibu, near other famous homes. In 2020, this was considered to be his principal house, as he looked to be selling his other properties.

Chad bought a $2.755 million Venice house in 2014. Compared to Smith's other acquisitions, the home is modestly sized at 2,800 square feet. The rocker sold the property approximately a year later for a dismal $2.85 million. Not much profit there.

Frequently Asked Questions

Are Chad Smith and Flea Related?

Chad my brother in rhythm, Flea wrote. I adore you for keeping me on track all these years with your steady beat. Cheers and best wishes as you enter another year of life, my dude.

Did Will Ferrell Actually Drum?

Ferrell isn't a drummer, but it was a hilarious prank that raised about $500,000 for charity, and the two have performed further charity “battles” since then.