You are not signed in. Login or Register

Nicolas Cage

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.

Dude

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.

Related Posts


6 Comments

  1. seriously Says:

    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....

  2. JL Says:

    Ugh, the life of a famous person is so unbelievably hard sometimes...LOL. Start unloading those assets and take the loss.

  3. XxXxX Says:

    welcome to the real word!

  4. pak31 Says:

    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.

  5. Susan Says:

    Don't worry too much! Cage! Life is up and down. YOU will overcome soon!

  6. Joseph Mount Says:

    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.

Leave a Comment

You are posting as a guest. To post as a user, please Login or Register.

Name:

E-Mail:

Remember My Info

Your Comments
No need for HTML formatting, we insert line breaks. Allowed tags: <b> <i> <a>

Follow Us!

The Hollywood Gossip Twitter The Hollywood Gossip Facebook THG Newsetter THG RSS

Featured Posts

Brooklyn Decker Removes Top, Covers 2010 Sports Illustrated Swimsuit Edition
Brooklyn Decker Removes Top, Covers 2010 Sports Illustrated Swimsuit Edition
The Bachelor Recap: Ali Fedotowsky Drops a Bomb
The Bachelor Recap: Ali Fedotowsky Drops a Bomb
NOOOO! John Mayer Allegedly Brags About Taylor Swift Hook-Up
NOOOO! John Mayer Allegedly Brags About Taylor Swift Hook-Up

Featured Pics

Celebrities

Britney Spears
Britney Spears
Kim Kardashian
Kim Kardashian
Heidi Montag
Heidi Montag
Zac Efron
Zac Efron
Vanessa Hudgens
Vanessa Hudgens
Miley Cyrus
Miley Cyrus
Spencer Pratt
Spencer Pratt
Robert Pattinson
Robert Pattinson
Adam Lambert
Adam Lambert
Taylor Lautner
Taylor Lautner
Taylor Swift
Taylor Swift
Khloe Kardashian
Khloe Kardashian
Kate Gosselin
Kate Gosselin
Tila Tequila
Tila Tequila
Tiger Woods
Tiger Woods
Levi Johnston
Levi Johnston