Ty Simpkins, at the young age of 13, is in high demand for two of Hollywood’s biggest film franchises.

Ty Simpkins In 'Iron Man,' 'Jurassic Park'

Simpkins starred in Iron Man 3 alongside Robert Downey Jr. as Harley Keener, a character that’s more or less a younger version of Tony Stark. Marvel has locked Simpkins into a deal in which they have priority for three sequels in the franchise.

For Jurassic World, which is currently in postproduction, Ty was tapped to play Gray. For the part, the established young actor earned a $200,000 base salary and stands to make another $125,000 if the film does well at the box office, reported TMZ. Furthermore, Simpkins will be paid a $400,000 base for a sequel and double that for a third Jurassic film – if filming doesn't conflict with Iron Man.

In Jurassic World, which comes out in June 2015, Simpkins will star alongside Chris Pratt, Judy Greer, Bryce Dallas Howard, Jake Johnson and Vincent D’Onofrio.

Simpkins, who got his start in show business as an infant on the sets of daytime soap operas One Life to Live and Guiding Light, went on to star in War of the Worlds, Little Children, and alongside his sister Ryan Simpkins, in Revolutionary Road as Kate Winslet and Leonardo DiCaprio’s children. He is best know for playing Dalton Lambert in the Insidious movies.

Simpkins is currently filming Meadowland with Juno Temple and Olivia Wilde, and is set to star in family flick Conversations with Andy.