Between the dates of June 2008 and June 2009, Nicolas Cage banked $40 million dollars. Now, he’s in a frenzy, attempting to divest himself of several houses in an attempt to keep the IRS off his back, pay back his many millions of dollars of debt, and keep himself out of jail. So just how did Nicolas Cage go broke? Easy. He spent too much and trusted the wrong people.
Yes, Cage spent a fortune. He owned the Schloss Neidstein castle in Germany, another castle in England, homes in Rhode Island and Los Angeles, a mega-mansion in Las Vegas, and two houses in Louisiana. However, the big problem was Cage’s financial adviser, Samuel Levin, who apparently made a lot of investing mistakes and lost most of Cage’s money in risky deals. Now Cage is in a rush to sell off all his homes and raise some cash, at least until his $20 million lawsuit against his former manager gets settled out of court and he gets his hands on some of his lost money (or until he can take on about 15 more movie roles and make his money back).
I’m not a Nicolas Cage fan. Aside from a few movies like Raising Arizona and Adaptation, he’s never really impressed me as an actor. I’m not sure what it is, but I just don’t really like him in movies, but as a person I think he’s really fun. Not that I know him personally, mind you, but if I had his money? I’d live in a castle and buy comic books all day, too. That’s why I like him and hope he gets himself out of trouble soon.
Image: Movie Man
Tags: Hollywood, celebrities, Nicolas Cage, debt, bankruptcy, Nicolas Cage broke, how to spend million, Samuel Levin, fraud victims