Nicolas Cage: Broke, Blaming Business Manager

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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.

Cage, Nic

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.


I think it's sad. Although, his movies have gone down hill, he's a great actor. You can't trust anyone with your money. For the people who are giving bad feedback, it's sad how you have to hate on someone as successful as him. I know you wish you had money like that at some point in your life. Get a life and stop hating.


This IS NOT a long term problem. He'll be back in poz #'s QUICKLY! It's like the average schmuck going doing a few thousands ... then picking up an extra job or two to pay it off.


Nicholas Cage had better movies than raising arizona..not that great, raising arizona. Well, Willie Nelson had to keep working after tax evasion and now its all paid off. So keep on, keeping on..Nicholas. Everyone has their favorite Nicholas Cage movie...


Clairvoyant, what am I thinking now?


must be nice to have enough money that you need a manager to manage it even
real-wishes dot com where wishes become reality


no worries......make a couple movies, demand a percentage and hell make 50 mil in 1 year. NO BIG DEAL.....


I am FURIOUS about NICOLAS CAGE'S financial ruins . I am a true Clairvoyant I am able to see events in the future . For some reason around 5 or 6 years ago I was able to pick this info up . I CALLED SATURN FILMS a company owned by Nic CAGE . I talked to a women and told her exactly , TELL NICOLAS CAGE NOT TO LET ANYONE MANAGE HIS MONEY ESPECIALLY IF THERE NAME IS LEVINE OR LEVIN . HOW DARE HER NOT TO GIVE THIS MESSAGE TO NIC . I gave her other Important information he should know . NIC I TRIED TO HELP YOU BUT YOU HAVE SOME REAL MORONS THAT WORK FOR YOU


I LOVE Nickolaus Cage! He's a wonderful actor, and really seems to be a nice guy in real life!! It's not his fault that some fool stole his money, it happens all the time. He's young and will make back that money over and over while you jealous people will be still working at a job you love to hate! Keep your head up Nick, it's going to be ok! We love you!


Some of you should be ashamed of yourselves, so many sour grapes. The botton line is that no one has right to someone elses money. That is stealing, no matter how many houses etc. the person that trusts you.


He was a fool to believe someone else has better ideas in handling his money then himself. Oops! 54% of 2008 presidential voters thought the same thing! Hmmmmmmmm Same results in the offing