Will Smith blew $6 million as a teenage star

[Honey]

Will Smith has revealed that he blew $6 million (£2.9 million) as a teenage rap star.

The actor claimed that he was too young to be able to control the large sums of money he was earning and that it took the demands of the Internal Revenue Service to stop him spending his cash.

Smith is quoted as saying: "I had a hit single on the radio for 30 days before I graduated from high school. That's dangerous. It just seemed easy.

"The tide turned at 19. The IRS came and took all my stuff. They wanted $2.8 million and I had two dollars and eighty three cents."

He added: "I went through five or six million, but I had the best time."

Showbiz - News - Will Smith blew $6 million as a teenage star - Digital Spy

[celeb_2006]

Sounds just like the young celebs today that make insane millions. They are all the same, that is why they have such a warped sense of reality, earning gobs of money doing nothing, and spending it like there's no tomorrow.

[Fluffy]

At least he learned his lesson the first time around.

[cmmdee]

Yeah and at least he's honest about it.

[Sweetie]

Fuck Will Smith. I can't stand him.

[CherryDarling]

I USED to like him...until he became a $cienobot.

[MillionDollarBaby]

a friend of a friend of mine made 10 million and he blew it all on drugs and hookers..now he lives at home with his dad(he's 40yrs old) and has nothing..i couldnt believe it was possible but i guess it is

[Gen X EJC]

how many of those millions went to the Church of Scientology... or on blackmail...

[Cali]

i hope he calls up Lindsay Lohan and shares this story with her.