How Nicolas Cage blew up his entire $ 150 million fortune


Best known for his roles in films such as “National Treasure” and “Leaving Las Vegas”, Nicolas Cage was once one of Hollywood’s biggest earners, with a value of $ 150 million.

But Cage didn’t hold onto his fortune for long. He wasted it on a series of expensive and often eccentric purchases, ending up facing foreclosure on several properties and facing the IRS $ 6.3 million in property taxes.

Worth around $ 25 million, Cage takes roles left and right to help pay off his debts.

As reported in CNBC’s “The Rich and Dirty Guide“, here’s a look at some of Cage’s craziest buys.

Cage once had 15 residences, including a $ 25 million waterfront home in Newport Beach, Calif., a $ 15.7 million country estate in Newport, Rhode Island, and an $ 8.5 million mansion in Las Vegas, shown below.

The master bedroom of a luxury home previously owned by actor Nicolas Cage is seen in Las Vegas, Nevada.

Bloomberg | Getty Images

He also bought, for $ 3.4 million, the infamous LaLaurie mansion in New Orleans, known as one of the most haunted houses in America.

In Europe, Cage bought not one but two castles for $ 10 million and $ 2.3 million, respectively.

$ 3 million landed him a desert island in the Bahamas.

He also sprung up for a nine-foot-high funeral tomb.

And even bought shrunken pygmy heads.

He blew $ 450,000 on the late Lamborghini shah of Iran ….

… and $ 150,000 more on a pet octopus.

He spent another $ 150,000 on the first Superman comic book.

“Action Comics No. 1”, created by Jerry Siegel and Joe Shuster, was first published in June 1938.

The independent UK

Apparently, Cage also once outbid actor Leonardo DiCaprio for a 70 million year old dinosaur skull. The $ 276,000 artifact turned out to be stolen, however, and Cage had to return it to the Mongolian government.


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