Chad Smith net worth: Chad Smith is an American musician with a net worth of $90 million dollars. Born in St. Paul, Minnesota, Chad Smith grew up in Bloomfield Hills, Michigan. After graduating from Lahser High School, he chose to focus on building a music career, playing drums in a number of local bands. While visiting his brother in California in 1988, he auditioned for a band called, The Red Hot Chili Peppers. The Peppers already had a record deal, but were looking to replace their drummer. He was a perfect fit, and found himself recording with the band a month later. The Red Hot Chili Peppers have remained a successful band since the release of that first album, "Mother's Milk" in 1989, and were recently inducted in the Rock and Roll Hall of Fame. In addition to his work with the Red Hot Chili Peppers, Chad Smith has also recorded a popular children's album, called "Rhythm Train", is a regular session musician for multiple artists, and performs with the supergroup, Chickenfoot, and with his own group, Chad Smith's Bombastic Meatballs.