Will Smith Burned Through $6 Million In His Youth

Award-winning artist Will Smith has admitted to blowing up to $6 million as a teen star. The former 'Fresh Prince of Bel-Air' star found fame and wealth as a teenage rapper but spend it all, and at one point was so poor he couldn't pay his taxes.

"I had a hit single on the radio for 30 days before I graduated from high school. That's dangerous. It just seemed easy," Smith says of his wealth. "The tide turned at 19. The IRS came and took all my stuff. They wanted $2.8 million and I had two dollars and 83 cents!"

But Smith has no regrets in burning his millions in his youth, "I went through five or six million, but I had the best time."

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