Tā jìchéng le yí dà bǐ yíchǎn, huījīn-rútǔ, méi jǐ nián jiù huā guāng le.
He inherited a fortune, spent it like dirt, and ran through it in a few years.
Tips
memory
Literally 'waving gold like dirt' - treating money as if it were worthless soil you could fling by the handful. The image is close to the English 'throw money around.'