Actor Nicolas Cage was once one of Hollywood’s biggest earners, worth around $ 150 million, but he didn’t hold onto the fortune for long. Cage wasted it on a series of expensive and often eccentric purchases, eventually facing foreclosure of several properties.
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At one point, Cage owned 15 residences around the world, including homes in California and Las Vegas and a desert island in the Bahamas. He also bought a series of more bizarre items, including a nine-foot-high burial tomb, an octopus, shrunken pygmy heads, a $ 150,000 Superman comic book, and a 70 million-old dinosaur skull. years, to which he then had to return. the Mongolian government.
What really put Cage in the red financially was not the eccentric elements, but his overloaded real estate portfolio. “What is an octopus, $ 80? You’re not going to find yourself in dire straits buying an octopus,” he said. told the New York Times during a recent interview.
Cage went through a period when all he “did was meditate three times a day and read philosophy books” and found himself searching for the places he had studied and read.
“I started following the mythology and I was finding properties that matched that,” he says.
This “quest for the holy grail,” as Cage calls it, “put me on a quest in different regions, mainly England, but also parts of the United States.” Throughout the expedition, Cage stocked up on real estate, including two European castles, which he bought for $ 10 million and $ 2.3 million, respectively, and a country estate of 15, $ 7 million in Newport, Rhode Island.
He likens the journey to the process of building a personal library: “You read a book, and there is a reference to another book, then you buy that book, then you attach the references. For me, it was a question of where was the Grail? Was it here? Was it over there?
His final conclusion: “What is the Grail if not the Earth itself?”
Despite his financial ruin, Cage does not regret all his purchases. “You have good investments and bad investments,” he says. “The good investments have come from my self-interest and my honest enjoyment of the story.”
This includes “Action Comics No. 1”, the very first comic book to feature Superman, which he bought for $ 150,000.
For Cage, part of the appeal of real estate also comes from his childhood. Growing up outside of Beverly Hills with his teacher father, he lived modestly. “I took the bus to school, and some of the older boys went to school in Maseratis and Ferraris,” he told The Times.
Even at a young age, he yearned for more. “My uncle [Francis Ford Coppola] was very generous. I visited him during the summers, and those summers – I wanted to be him, ”he explains. “I wanted to have the mansions. It was me who motivated. “
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CORRECTION: This story has been updated to correct the spelling of Nicolas Cage’s name.