Actor Nicolas Cage seems to love to spend money but it landed him in financial hot water a number of times.
Cage once blew his $150 million fortune and went broke. A former top earner in Hollywood, he used his earnings on expensive and often eccentric purchases, eventually facing foreclosure on several properties and owing the IRS $6.3 million in property taxes in 2015, CNBC reported.
By 2018 Cage had regained some of his wealth and was worth around $25 million. He is taking roles to help pay off his debts, according to CNBC’s “The Filthy Rich Guide.”
Here’s how blew through $150 million: he once owned 15 residences, including a $25-million waterfront home in Newport Beach, California, a $15.7-million countryside estate in Newport, Rhode Island, an $8.5-million home in Las Vegas and the infamous LaLaurie mansion, worth $3.4 million, in New Orleans. He also owned two castles in Europe, one for $10 million, the other for $2.3 million. Among his other purchases were a 70-million-year-old dinosaur skull, pygmy heads, a $450,000 Lamborghini once owned by the late shah of Iran, a pet octopus worth $150,000 and the first Superman comic for which he paid $150,000, CNBC reported.
