If you thought commanding $20 million a movie would leave you set for life, or at least able to pay the mortgage, Nicolas Cage is broke and totally proving you wrong!
Cage is rumored to have no more National Treasure ... or something. Moreover, the guy actually owes $6.3 million in back taxes, which he blames on his manager.
In a lawsuit against on October 16, he alleges that business manager Samuel J. Levin “lined his [own] pockets with several million dollars in management fees."
All the while, Nicolas Cage was headed "down a path toward financial ruin." The actor is said to have hired Levin in 2001 to oversee investments and finances.
Apparently he didn't do a very good job.
Broke, Nicolas Cage has been forced to unload a bunch of mansions.
The lawsuit further alleges that due to Levin sucking, "[Cage] is now forced to sell major assets and investments at a significant loss and is faced with huge tax liabilities because of this incompetence, misrepresentations and recklessness.”
Of course, he is not without some blame. Cage has begun selling his possessions, such as his Bavarian castle and homes in California, Las Vegas and New Orleans.
That's gotta be tough. How many houses does a single individual need? Seriously, at a certain point you ought to consider high-yield mutual funds or something.
Broke Nicolas Cage is asking for $20 million in damages.