Smith and wife Jada share the spotlight with the family's newest talent, son Jaden, in N.Y.C. Plus: Reese Witherspoon, Jessica Simpson and more

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THE FAMILY BUSINESS

Three cheers for Will Smith, who is honored by the Museum of the Moving Image in New York Sunday night. Smith was accompanied by wife Jada Pinkett (in Valentino) and the family's newest star, son Jaden, who acts alongside Dad in their upcoming movie The Pursuit of Happyness. "I am so proud of my little man and my husband," Pinkett told PEOPLE at the event.