Meet Nicolas Cage, Extreme Compulsive Spender
He may blame his financial advisor, but it looks like the recent financial problems that left Nicolas Cage broke are, shockingly, at least partly his own fault!
After all, we are talking about the kind of outrageous, eccentric spending you think about with celebrities but puts his flamboyant counterparts to shame.
If you can dream it, Nicolas 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, a $500,000 Lamborghini, etc.
Cage's lawyer, Martin Singer, told The Daily Beast "Half the stuff you say is false. I'm not going to get into detail," so we may never know which half is true.
Nicolas Cage is broke. That's due in part to buying ... well, everything.
Cage made headlinesn when he filed a $20 million lawsuit against his former business manager, Samuel Levin, claiming he 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 homes for unpaid income taxes. Very sad, but it's hard not to look at Cage's extreme spending and not draw conclusions about his money woes.
Of course, however lavishly Cage spent on himself, he's also been a very generous guy. The actor gave $1 million to the Red Cross to aid victims of Hurricane Katrina, and $2 million to the human-rights group Amnesty International.
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April 6th, 2010 4:25 PM
Great, he gave 3 million to charity, but he doesn't pay his taxes? Owes 6 mill to the govt on the N. Orleans houses alone? Wow, that like me giving away a few million that I don't have. Wonderful.
April 3rd, 2010 7:14 AM
Hi i want to comment on (knowing 2009) this is very good one but it is part from truth the earth will burn but i want all people be like (CALEAB&ABE) and u have chance now to hear my voice (I REALLY LOVE U I GAVE ALL THINGS TO U EVEN MYSELFE) I AM GOD
November 21st, 2009 5:04 PM
No matter what we do in life and how we seem to take care of our lives there is always something that will knock us down. And people love to pick at others mistakes to make themselves feel better about their own.
November 5th, 2009 11:33 PM
Don't worry too much! Cage! Life is up and down. YOU will overcome soon!
November 5th, 2009 3:25 PM
Just shows that it doesn't matter how much you have, it's earned vs. spending, you spend way too much you'll go broke.
Rank: D-Lister
November 5th, 2009 3:18 PM
welcome to the real word!
Rank: D-Lister
November 5th, 2009 10:16 AM
Ugh, the life of a famous person is so unbelievably hard sometimes...LOL. Start unloading those assets and take the loss.
Rank: D-Lister
November 5th, 2009 9:14 AM
Well, at lest he invested ihis money, lol....it is not a good time to cash in; but, rather take a loss than lose it all, right....