Nicolas Cage: Broke?

The actor owes $6 million to the IRS and is suing his business manager.
Actor Nicholas Cage speaks during the 'Bad Lieutenant: Port Of Call New Orleans' press conference on September 15, 2009.
Actor Nicholas Cage speaks during the 'Bad Lieutenant: Port Of Call New Orleans' press conference on September 15, 2009. - Getty Images
Pamela Sitt

How does the star of National Treasure wind up broke and mad about it?

Actor Nicolas Cage is $6 million in debt and blaming his longtime business manager, saying he mismanaged Cage's money, resulting in his financial ruin. No word on who he's blaming for his terrible movie role choices, but anyway.

Cage has sued Samuel J. Levin, whom he had hired in 2001 to oversee his investments and finances. He's also started selling off many of his properties, including a Bavarian Castle (?!). Other homes he owns have gone into foreclosure.

Cage owes $6 million in back taxes from 2007. He also owes another $2 million on a bank loan.

Here's the good news: Cage will return to movie screens this fall in Bad Lieutenant: Port of Call New Orleans. But is that really good news?

Keywords: nicolas cage

post a comment




Most Popular Stories
Popular Photo Galleries
FREE Movie of the Week
Alva Rogers and Cora Lee Day - "Daughters of the Dust" (1991)
Kino International

Daughters of the Dust

Film.com's FREE movie of the week is "Daughters of the Dust." A film that portrays the unique culture of the Gullah people by focusing on the extended Peazant family as its members struggle with the decision to leave their island and move north. On the eve of their departure, memories of their Gullah history and its African roots come rising to the surface. Winner of Cinematography at the 1991 Sundance Film Festival.