How Nicolas Cage Lost His Fortune
Published -
- December 29, 2018
- 2:00 pm
You’ve probably heard about the whole thing with the dinosaur skull, but did you know Nicolas Cage also once owned two European castles at the same time?
Or how about his collection of bizarre and exotic pets? We’ll take ‘Crazy Spending’ for $400, Alex. This is how Nicolas Cage lost his fortune.
A taxing role | 0:16
King of the castles | 1:33
Cage’s zoo | 2:09
Stolen bones | 2:46
The Action #1 heist | 3:43
Has Nicolas Cage been successful in Hollywood despite his financial troubles?
Nicolas Cage is one of the most iconic actors in Hollywood. For decades, he has brought to life some of the most memorable characters in cinema. From his Oscar-winning role in “Leaving Las Vegas” to his time as the National Treasure hunting Benjamin Gates, Cage has cemented himself among the greatest actors of our time. Unfortunately, Cage’s financial situation has taken a hit in recent years. In this article, we will take a closer look at how Nicolas Cage lost his fortune.
Cage’s financial troubles began to surface in the mid-2000s. At the time, he was one of the highest-paid actors in the world, earning more than $40 million a year. Despite his massive income, Cage was also incredibly lavish in his spending. He owned multiple homes, including an 11,000 square foot mansion in Bel Air, a 24,000 square foot castle in Germany, and a private island in the Bahamas. He also had a fleet of luxury cars, including a Lamborghini and a Ferrari Enzo.
In addition to his homes and cars, Cage also collected a variety of expensive items. He owned a dinosaur skull that cost $276,000, a copy of Action Comics #1 (the first appearance of Superman), and a collection of shrunken heads. In total, Cage’s spending was estimated to be around $25 million a year.
While Cage was living the life of a Hollywood superstar, his financial situation began to unravel. He reportedly owed millions of dollars in back taxes and was sued by multiple financial institutions. He also suffered a string of box office bombs, including “Bangkok Dangerous” and “Knowing”. These films were expected to be hits, but they underperformed at the box office, resulting in a significant loss for Cage.
In 2009, Cage’s financial situation reached a breaking point. He was forced to liquidate many of his assets, including his homes and his shrunken head collection, to pay off his debts. He sold his Bel Air mansion for $10.5 million and his German castle for $2.3 million. He even had to part ways with his beloved Lamborghini.
Despite his financial troubles, Cage has continued to work in Hollywood. He has starred in a variety of films, including “Kick-Ass” and “Mandy”, which have received critical acclaim. While these films may not have the same box office appeal as some of his earlier work, they have helped to remind audiences of Cage’s immense talent and range.
In conclusion, Nicolas Cage’s financial troubles were primarily due to his excessive spending habits and underwhelming box office performances. While his financial situation may have taken a hit in recent years, his talent as an actor remains undeniable. With his latest work, Cage has proven that he can still shine on the big screen, and we look forward to seeing what he does next.
