Bad Flicks, Bad Investments, Bad Attitude: What's Wrong With Nicolas Cage?
Posted on Apr 18, 2011 @ 06:58AM
by Radar Staff
He was once one of Hollywood's hottest commodities who raked in $40 million a year.
But with a domestic battery charge now hanging round his neck and the IRS on his tail, it seems Nicolas Cage's life is crashing down around him.
Now, RadarOnline is taking a deeper look into the mounting troubles of the Oscar winning Leaving Las Vegas star.
PHOTOS: Nic Cage On Set The Day Before His Arrest
By his own admission, Cage is suffering a catastrophic financial meltdown, currently owing more than $14 million in unpaid taxes.
And a breakdown of his monetary mishaps paints an alarming picture:
- Four Federal tax liens filed against his properties in three different states, each for over $6 million.
- Six homes homes foreclosed, including his Las Vegas pad, beloved Bel Air compound, two Malibu mansions and 2 New Orleans properties.
- Homes forced sold by creditors in England, Bavaria and New York.
- A $629,934.64-IRS lien filed last month after he failed to pay the required 35 % federal-tax on large gifts.
What's more, Cage is suing his former business manager, Samuel Levin, for $20 million, blaming him for his financial ruin. Levin, however, claims Cage is his own worse enemy. Levin says in his defense that the actor squandered his fortune on 15 mansions, four yachts, a Gulfstream jet and nine Rolls-Royce Phantoms.
And that's just for starters.
PHOTOS: Sexy Stars Who Have Been Arrested
Cage also had legendary collections of vintage wristwatches, comic books, motorcycles, Elvis Presley memorabilia, and for a time had one of the largest private wine cellars in Los Angeles.
They're all gone.
Cage's film career, meanwhile, imploded along with his finances. Forbes once listed Cage as one of the 100 most powerful celebrities, but box office figures from his latest movies tell a far different story.
PHOTOS: The Name Game - Celebs Who've Changed Their Names
While his 2004 hit National Treasure pulled in a whopping $35.1 million in its opening weekend in the US, his 2011 flop, Drive Angry 3D' took just $5.19 million. His recent flick Season Of The Witch was also branded an 'embarrassing failure'.
Now, the 47-year-old got himself arrested in New Orleans early Saturday morning after an intoxicated argument with his wife, Alice Kim. He was charged with domestic abuse and disturbing the peace.
See Nicolas Cage's Booking Sheet Here
The incident came just weeks after he was escorted by police back to his hotel after a bust-up at a Big Easy restaurant that resulted in a broken window.
MUG SHOT: Nicolas Cage Arrested For Domestic Abuse
RELATED STORIES:
Cabbie Who Called Cops On Cage - 'He's Normally A Real Gentleman'
EXCLUSIVE: Cash-Strapped Nicolas Cage Asks Court: Don't Let My Business Managers Speak
EXCLUSIVE: Cops Called To Restaurant After Incident With Nic Cage
- Beyonce's Returning To The Stage For The First Time Since Becoming A Mom — Huffington Post
- Sienna Miller & Her Baby Bump Are All Smiles — The Frisky
- Jay-Z To Score New "Annie" Movie Starring Willow Smith — Global Grind
- Simon Cowell Asks 'What Was I Thinking?' After Choosing Britney Spears & Demi Lovato for 'X Factor' — Celebuzz
- Anne Hathaway's Ex Raffaello Follieri Released from Jail — Just Jared
- Age Appropriate? Kylie Minogue, 43, Dons Racy Webbed Dress — Celebuzz
- Click Here & Join Our Facebook Page — Facebook
Sample Header
The Daily Juice
DEADBEAT CAGE, PAY YOUR DAMN TAXES
Posted Mon, 04/18/2011 - 1:58pm
After reading that article, I can see why Nic is going bonkers. OMG I didn't know it was that bad. His wife won't press charges so the domestic battery charges won't stick but Nic is done. Living waaaay beyond his means.
Posted Mon, 04/18/2011 - 1:13pm
Should we be surprised by this? He's a high school dropout who scored roles because of his uncle. Even though he's had some hit movies, his acting always seems forced and awkward, not something that comes naturally for him.
Posted Mon, 04/18/2011 - 11:38am
what a douche,,, why would ANYBODY need so many homes unless it was to stroke a huge unsatisfied ego.
I love to see morons like this fall.
Posted Mon, 04/18/2011 - 11:09am
That's to bad, but come on. how much junk does the guy need. 15 homes!!!! Should of taken one movie's money and banked it.
Posted Mon, 04/18/2011 - 10:35am
Remember a few years back when Cage and Kathleen Turner got into it because of her book accusing him
of several DUI's and stealing a dog? Seems the ol' gal must have been right!
Posted Mon, 04/18/2011 - 10:13am
Sounds like he needs to stop the ETOH.
Posted Mon, 04/18/2011 - 9:19am
its extremely difficult to go from rich to poor - why in the world does one man need all those properites and belongings? What no 401K - no college fund for the kids?
Posted Mon, 04/18/2011 - 8:44am