Steven Tyler admits cocaine use stating that he has 'snorted half of Peru,' will be inducted in Songwriters Hall of Fame (Video)

Aerosmith lead singer Steven Tyler opened up about his drug use, clarifying statements that he snorted roughly $20 million in cocaine, stating it was “more like $5 million or $6 million.”

Fuse reports that Tyler sat down with Australia’s 60 Minutes reporter Liz Hayes, where she asked him about the statement in Does the Noise in My Head Bother You? about his use of cocaine.

Tyler clarified the amount, noting it around $5 million or $6 million stating, “But it doesn't matter…You also could say I snorted half of Peru, but it doesn't matter. You know, it's what we did."

Despite his drug use, the “Don’t Want to Miss a Thing” crooner is still noted as one of most iconic singer/songwriters and will be recognized by the Songwriters Hall of Fame which he and Joe Perry are being inducted in, Rolling Stone reports.

Tyler and Perry will join the likes of Mick Jones and Lou Gramm for this year's hall of fame induction, The Associated Press reports.

The Songwriters Hall of Fame induction ceremony will take place in New York this year, on June 13.