Will Smith

It is untrue, though widely reported, that Smith turned down a scholarship to attend the Massachusetts Institute of Technology (MIT); he never applied to the school, although he was admitted to a "pre-engineering program" there. According to Smith, "My mother, who worked for the School Board of Philadelphia, had a friend who was the admissions officer at MIT. I had pretty high SAT scores and they needed black kids, so I probably could have gotten in. But I had no intention of going to college."

Smith started as the MC of the hip-hop duo DJ Jazzy Jeff & The Fresh Prince, with his childhood friend Jeffrey "DJ Jazzy Jeff" Townes as turntablist and producer, as well as Ready Rock C (Clarence Holmes) as the human beat box. The trio was known for performing humorous, radio-friendly songs, most notably "Parents Just Don't Understand" and "Summertime". They gained critical acclaim and won the first Grammy awarded in the Rap category (1988).

Smith had a line in "Voices That Care", a 1991 Persian Gulf War song by a celebrity group. Smith spent money freely during his early career and underpaid his income taxes. The Internal Revenue Service eventually assessed a $2.8 million tax debt against Smith, took many of his possessions, and garnished his income. Read Less