Will Smith Borrowed $10K From Drug-Dealing Friend During Million Dollar Tax Debt

BY Erika Marie 11.4K Views
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Will Smith
Smith was broke, so his friend gave him the money. Smith hopped a plane to L.A. to continue his career and later landed "The Fresh Prince of Bel-Air."

Those tax troubles are common for celebrities, even those who have accountants lined up to take care of crunching their numbers. There have been recent reports of people like Chris Tucker and Lil Pump hit with IRS claims that they owe millions in unpaid taxes, and it is a legal snag that several rich and famous figures have faced over the years. 

Will Smith has been on a lucrative book tour as he promotes his memoir Will, and he was in London at the Savoy when he spoke with Idris Elba about his financial woes pre-The Fresh Prince of Bel-Air.

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The "West Philadelphia born and raised" icon told the actor that he was indebted to the IRS to the reported tune of over $2 million and had no idea how to remedy his money problems.

"I'm not sure what the government is like with taxes in the U.K., but in the U.S. they take it seriously," he said. "So Uncle Sam wanted his money. I didn't forget—I just didn't pay." To help settle the debt Smith admitted that he had to "to sell everything, and I knew whatever my new life was going to be I could feel it was going to be in Los Angeles."

"So, I borrowed $10,000 from a friend of mine who was a purveyor of neighborhood pharmaceuticals," Smith said as he described his drug-dealing buddy. "I borrowed $10,000 and I moved to Los Angeles and one time we were doing shows and I was trying to drum up some cash so we were in Detroit and we were doing a show. I had met a guy named Benny Medina. You remember Arsenio Hall? I started to go there because everybody was on Arsenio Hall."

It could be argued that the loan was what truly helped Will Smith take his dreams by the reins.


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About The Author
Since 2019, Erika Marie has worked as a journalist for HotNewHipHop, covering music, film, television, art, fashion, politics, and all things regarding entertainment. With 20 years in the industry under her belt, Erika Marie moved from a writer on the graveyard shift at HNHH to becoming a Features Editor, highlighting long-form content and interviews with some of Hip Hop’s biggest stars. She has had the pleasure of sitting down with artists and personalities like DJ Jazzy Jeff, Salt ’N Pepa, Nick Cannon, Rah Digga, Rakim, Rapsody, Ari Lennox, Jacquees, Roxanne Shante, Yo-Yo, Sean Paul, Raven Symoné, Queen Naija, Ryan Destiny, DreamDoll, DaniLeigh, Sean Kingston, Reginae Carter, Jason Lee, Kamaiyah, Rome Flynn, Zonnique, Fantasia, and Just Blaze—just to name a few. In addition to one-on-one chats with influential public figures, Erika Marie also covers content connected to the culture. She’s attended and covered the BET Awards as well as private listening parties, the Rolling Loud festival, and other events that emphasize established and rising talents. Detroit-born and Long Beach (CA)-raised, Erika Marie has eclectic music taste that often helps direct the interests she focuses on here at HNHH. She finds it necessary to report on cultural conversations with respect and honor those on the mic and the hardworking teams that help get them there. Moreover, as an advocate for women, Erika Marie pays particular attention to the impact of femcees. She sits down with rising rappers for HNHH—like Big Jade, Kali, Rubi Rose, Armani Caesar, Amy Luciani, and Omerettà—to gain their perspectives on a fast-paced industry.

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