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.