10 Celebrities Who Lost Big Financially
That Nicolas Cage hasn't declared bankruptcy yet is nothing shy of amazing. The Leaving Las Vegas Oscar winner and National Treasure star's films have grossed more than $4 billion, but he has been forced to take just about every role thrown at him after a series of spending missteps.
In 2009, the IRS filed a put a lien on some of Cage's property in Louisiana and said cage owed them roughly $6 million for purchases made in 2007. They weren't talking about weekend splurges at Harrod's, mind you, but a $15.7 million mansion in Rhode Island, the $8 million-plus Milford Castle in Bath, England, and a five-year, $7,700-a-month lease on a 1964 Rolls Royce SC III and a $3,600-a-month lease on a 2002 Rolls Royce Corniche. The burden forced him to sell two $3.5 million homes in New Orleans back to the bank for $4.5 million, an $8.5 million home in Las Vegas for $5 million, a $9.5 million Manhattan apartment for $7.5 million and -- most crushing -- a Bel-Air Tudor mansion he'd listed for $35 million for $10.5 million after it went into foreclosure.
Meanwhile, he's also listed a $1.7 million home in Newport Beach, Calif., for less than $1 million and that $15.7 million Rhode Island home for $7.8 million. Cage sued his business manager for $20 million in 2009, which only led the manager in question to countersue, saying that he told Cage to spend within his means but couldn't stop him from buying $33 million in homes, 22 cars, 47 pieces of artwork and a $276,000 skull of a Tarbosaurus dinosaur.
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