Nicholas Cage is one of the bigger actors in Hollywood, headlining classic movies like The Ghost Rider, the ever so awesome National Treasure Series, Face/Off with John Travolta, and many more. It’s not rare when celebrities go overboard with their spending, but Cage gave the word overboard a whole different meaning. Once among the richest Hollywood stars, having a net worth of around $150 million, Cage has always had a huge spending problem. He squandered a whole lot of his fortune on bizarre items.
Let’s take a quick look at some of those weird purchases!
One of his favorite types of purchases seemed to be buildings or residences, in fact, the actor owned up to 15 of them, including a 25-million-dollar home in California, an estate in Rhode Island, properties in Las Vegas, and many more.
The weirdest purchase he ever made, as far as real estate is concerned, would be the LaLaurie Mansion located in New Orleans which is known as one of the most haunted mansions in America, costing him around 3 to 4 million dollars. Yes, Nicholas Cage owns one of the most haunted places in America. It seems like the Ghost Rider lived upto his name!
His affinity towards unusual properties doesn’t end there. Cage owns 2 castles over in Europe costing around $10 million and $3 million respectively, and a huge deserted island, all for himself, in the Bahamas setting him back by another $3 million. However, the island is on sale right now due to the money issues caused by these eccentric purchases. Therefore, for properties alone, the famous actor spent almost $50 million!
Eventually, he faced foreclosure on many of his properties. In addition to this, at the same time, the IRS (Internal Revenue Service) fined him over 6 million dollars in taxes. Right now, of the 15 properties he once had, some of them have been seized, some sold and some of them are currently on sale.
While we are aware, by now, that Cage seems to have an eye for the weirdest things, we’re still taken aback by his purchase of Shrunken Pygmy heads! We honestly don’t even want to know how much he spent on that. Later, he went on to spend $150,000 each on an octopus and a rare superman comic.
The actor’s purchases also tell us a lot about Hollywood. One of his most significant assets is a 70 million-year-old dinosaur skull which cost him over $25,000, and for which he had to outbid Leonardo Dicaprio.
So what did buying all of this stuff lead to?
Like mentioned earlier, the IRS fined him over 6 million dollars and foreclosed a lot of his properties for unknown reasons. As a last resort, Cage tried to sue his financial advisor over negligence, but his advisor sued him back for spending over $30 million on jewelry, cars, and properties even after the latter warned against it. Right now, his net worth has dropped from $150 million to just $25 million and Nicholas Cage is now forced to film movies left and right in hopes of settling his debts.