Excessive Spending Blamed For Nicolas Cage Bankruptcy
Nicolas Cage is having mayjah cash-flow problems, but the National Treasure star may run into a pickle proving his former manager played a hand in his demise. Cage once spent $276,000 on a 67-million-year-old dinosaur skull — that’s just one of the eyebrow-raising items Nic reportedly forked over fistfuls of cash for.
In October, Nicolas – who has been forced to put several of his properties on the market after failing to pay $6 million in back taxes to IRS — filed a lawsuit claiming Samuel Levin, his ex-manager, led him “down a path of financial ruin.”
The 45-year-old grossed a collective $3.9 billion over the course of his more than 25 year career, but Cage’s lavish purchases have left his checking account running on empty. Nicolas owns a jet, two yachts, three castles, and owns two islands in the Bahamas; he also has a fleet of fifty sports cars, as well as a number of mansions. But the most bizarre purchase came in 2007, when the star outbid Titanic’s DiCaprio for a skull claimed to be from a prehistoric beast.
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On November 25th 2009, jg wrote:
God I hope this man doesn’t breed. Really, 3.9 billion and he can’t hang on to a million of it. That is why I stopped at just one castle and a very inexpensive dinosaur skull because anything else would be excessive!
On November 25th 2009, KGM wrote:
jg, dude, come on get a grip. 3.9 billion is the amount his movies grossed, not his bank account.
On December 6th 2009, John Tam wrote:
KGM you need to get a grip on reality, you are excusing him because his bank account is not 3.9 billion. Even if he made 10 million a movie this bankruptcy is still inexcusable. The culture of spending in the U.S. is just irresponsible, people spend more than they make, they compliant about not able to afford health care and other necessities of life but when it comes to things they want like a car, boat, big screen T.V. and other luxury items they don’t hesitate to buy them. On black Friday there is a line half way around the block, people camping out overnight to be the first ones to shop. People need to learn the meaning of the word priority, we got a country of excuses makers that’s all, easier to blame someone else than themselves.
On December 12th 2009, Liam G wrote:
It may just be me but…. $6-8million is sod all thats what 1 house/castle and 4-8 of his cars sold and hes sorted. Or just go back to making a single decent movies and he’s back on his feet.