Lindsay Robinson of Yahoo News’ Movie Talk updates us on actor Nicolas Cage’s financial problems:
An article in The Daily Beast says that Nicolas Cage’s recent financial problems are, at least in part, due to outrageous, eccentric spending that puts even his most flamboyant fellow celebrities to shame.
If you can dream it, Nic Cage bought it: yachts, a jet, a castle, over 50 cars, over a million dollars’ worth of comic books, multiple (supposedly haunted) mansions in New Orleans, two Bahamanian islands, shrunken heads that may or may not have been human, and, famously, a $500k Lamborghini once owned by the Shah of Iran. Most amusingly, Cage spent $276,000 on a dinosaur skull in a “heated auction with Leonardo DiCaprio.”
The star of cinema classics Con Air, National Treasure and Face Off, has filed a $20 million lawsuit against his former business manager:
The suit claims the manager, Samuel Levin, failed to pay taxes and lost money in unsound investments, putting him “down a path toward financial ruin.” This summer, the IRS placed a tax lien of over $6 million on Cage’s New Orleans properties for unpaid income taxes.
Must have been Levin who made Cage buy two King Cobras and an Octupus?
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2 responses so far ↓
1 Adebola // Nov 14, 2009 at 1:01 am
i pray he will get out of it and if such opportunities come again,he should make a good use of it.we love him.however for is managers they need to always think of investment that will bring a going concern not investmenting in luxeries. MORE MONEY MORE PROBLEM. B.I.G
2 Edward // Nov 29, 2009 at 1:25 pm
I don’t feel sorry for this guy, imagine the opportunity he had thanks to his acting and thanks to the United States O f America since no where else in the world he could have achieved his wealth by acting!!!! So he should pay his taxes like ay other America who struggle to stay a float in this economy and can not buy and even if they have the money will not buy King Cobras. So pay up Nicolas Cage and shut up learn your lesson.
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