Once upon a time, Nicolas Cage had a net worth of $150 million dollars, according to People. Starring roles in hit films like “Gone in Sixty Seconds” and “National Treasure” reportedly earned him $20 million apiece, allowing him to afford a lavish lifestyle — but maybe not quite as extravagant as the one he was living.
For example, in 2006, the actor purchased more than 40 acres of a private island that was listed at $3 million. While that price tag might sound reasonable for a man of Cage’s wealth, he took it up a notch by also buying four luxury yachts — totaling $20 million — along with the island.
That was actually just the tip a small portion of his real estate portfolio, as he once owned 15 residences in California, Rhode Island, New York, Las Vegas, New Orleans, the Bahamas, Germany and England — just to name a few — according to Forbes. In 2009, Cage sued his former business manager for $20 million, accusing him of negligence and fraud, and sending him “down a path toward financial ruin.
That same year, the IRS hit Cage with several years of unpaid tax bills, totaling $13.3 million, according to TMZ. By 2012, TMZ reported the actor had been working hard to pay off his IRS debts, with his then-balance totaling just $6 million. His net worth is currently listed at $25 million, so it seems he’s made significant progress toward rebuilding fortune.
Image Credits: Danny Moloshok/Invision/AP/Shutterstock
Danny Moloshok/Invision/AP/Shutterstock / Danny Moloshok/Invision/AP/Shutterstock