Leonardo DiCaprio told Daybreak's Kate Garraway that he has looked on his experience of filming The Great Gatsby as "an incredible opportunity that I don't want to squander and I look at it as an incredible gift."
When asked if he could identify with his character Jay Gatsby's party lifestyle he said: "I have been to some parties in my life and I have been to premieres but thank God that is not my life 24 hours a day, thank God!"
Leonardo Di Caprio has emphasised the importance of The Great Gatsby novel in the United States.
Speaking at the Cannes Film Festival he said: "Gatsby is compulsory reading in secondary school.
"People today still try to dissect this novel, to interpret every line, it's a kind of endless quest. We wanted to re-shape the novel's characters. It is so exciting to work with a text of this calibre."
The stars of Baz Luhrmann's The Great Gatsby have lined the red carpet in Cannes for the film's festival premiere.
Leonardo DiCaprio plays Jay Gatsby in Luhrmann's 3D extravaganza which also stars British actress Carey Mulligan and Isla Fisher.
The film, which is an adaptation of F Scott Fitzgerald's novel, opened the 66th Cannes Film Festival in the South of France.
The stars of the Baz Luhrmann film The Great Gatsby are arriving at its premiere at the Cannes Film Festival.
The 3D adaptation of F Scott Fitzgerald's novel, which stars British actress Carey Mulligan, is opening the festival in the South of France.
Speaking about the event Leonardo DiCaprio said "Every time I go to Cannes, it feels like I'm entering the helicopter scene in La Dolce Vita. It's an insane experience".
"The entire town is turned into a red carpet. Every hotel is a premier. But at the same time, it is the Mecca for the world to celebrate film-making and bold film-making."
Baz Luhrmann's glittering adaptation of The Great Gatsby will open the Cannes Film Festival tonight.Read the full story ›
Leonardo DiCaprio has admitted to identifying with his character Jay Gatsby because he was a childhood dreamer.
Directed by Baz Luhrmann, the Great Gatsby centres around a young and mysterious millionaire and his love for the beautiful Daisy Buchanan, in the summer of 1922.
Speaking to Daybreak DiCaprio said: "I think we all identify with Jay Gatsby in a weird way, we all have childhood dreams and as a youth I dreamt of being an actor, for as long as I can remember."
Speaking about the film's director, who worked with DiCaprio on Romeo and Juliet, he said: "I know Baz has a little Gatsby in him, he's created his own life according to his own imagination for sure."
Watch the first trailer for Baz Luhrmann's The Great Gatsby, which is due to be released in the UK in December. The film, starring Leonardo DiCaprio, Carey Mulligan and Tobey Maguire, is based on the novel by American author F. Scott Fitzgerald.