Kenan Thompson has been making us laugh since the early ’90s, but behind the jokes was a hard lesson learned way too young. On SoFi’s Richer Lives podcast, the Saturday Night Live star opened up about losing his entire $1.5 million Nickelodeon check after trusting the wrong people with his money.

At just 12 years old, Kenan wasn’t prepared for fame or the financial responsibility that came with it. An accountant was given power of attorney, a move that ultimately led to the loss of his earnings, bankruptcy, and years spent rebuilding his credit.

Along with the financial fallout, Thompson reflected on the emotional weight of growing up in the spotlight.

“I wish I understood what fame was…I like to just be a normal person,” Thompson told Tu. “It would be nice to experience life a little more, not necessarily unseen, but unbothered. It’s a double-edged sword because it is my passion, my performances, my blood, sweat and tears. I am doing these things for the sake of a positive reaction from people. At the same time, it gets a little intrusive. It’s an interesting paradox that I wish somebody would have had a conversation about what to expect.”

Despite the setback, Kenan didn’t let the loss derail his career. He kept working, kept learning, and came out more intentional about his finances and the people he trusts.

Now, he uses his story as a cautionary message for young people building wealth: stay involved, ask questions, and think twice before handing over control. Talent can open the door, but knowledge helps you keep what you earn.