Personal Finance

How Much Is Nicolas Cage Worth

By David Krug David Krug is the CEO & President of Bankovia. He's a lifelong expat who has lived in the Philippines, Mexico, Thailand, and Colombia. When he's not reading about cryptocurrencies, he's researching the latest personal finance software. 4 minute read

How Much Is Nicolas Cage Worth? Do you think you’ve got a serious case of money woes? It was an attempt to burn through $150 million, go bankrupt, and end up paying the IRS $13 million. Yes, we’re referring to Nicolas Cage, the Oscar-winning actor.

How did Nicolas Cage go broke?

Actor Nicolas Cage earned more than $150 million from 1996 to 2011 with movies including Gone in Sixty Seconds, National Treasure, Snake Eyes, and Windtalkers. His earnings were ranked among the highest in Hollywood history by Forbes. According to reports, he earned $40 million in 2009. How much does that amount to?

But the good times were short-lived, as usual. As he made more money, he became more and more obsessed with shopping. Nicolas Cage had amassed a fortune by the time he was in his mid-forties (he is currently 53 years old).

It’s not clear what caused him to go “along a path toward financial catastrophe”, but he blamed the money manager for leading him there. It was in 2009 when the IRS hit Nicolas Cage with a $6.2 million tax lien, and the actor sued his money manager for fraud and incompetence.

What happened to all of the money?

Dinosaur skulls

He claims to be a history enthusiast, and it’s been reported that Cage supposedly outbid Leonardo DiCaprio on a Tarbosaurus skull dating back 67 million years. His collection appeared to include additional dinosaur skulls.

Two albino king cobras

Claims have been made that Cage utilized the cobras for defense. According to some, he utilized it to engage in sex acts.

Two Bahamian Islands

For his own private enjoyment, Cage purchased a 40-acre island south of Nassau for $7 million.

The Shah of Iran’s Lamborghini

In 1997, Cage paid $450,000 to the late Shah of Iran for a Lamborghini Miura SVJ.

Exotic cars and motorcycles

In addition, he spent millions of dollars on a large number of unique and historic automobiles. He allegedly owned up to 30 motorbikes and 50 automobiles as of June 2004.

Nine Rolls Royces and a $1 million Ferrari Enzo, one of just 349 made, were among his prized possessions.

Luxury yachts

Sarita was one of four boats he purchased. A $20 million investment, it featured 12 master suites.

A famous haunted house

This New Orleans icon cost him $3.45 million when he bought it in 2006. The American Horror Story: There are rumors that Kathy Bates, who portrays Madame LaLaurie, a real-life serial killer, formerly resided in the home shown in Coven. Where slaves would be tortured and murdered by Madame LaLaurie in the 1800s. According to legend, it is considered to be haunted.

Shrunken Pygmy heads

For unclear reasons, visitors to Cage’s home reported seeing a collection of heads at his home.

A pyramid tombstone

Located in New Orleans, this 9-foot tall pyramid tombstone is engraved with “Omni Ab Uno”, Latin for “Everything From One”. Cage bought it.

The first Superman comic

Action Comics #1 (the first appearance of Superman) and Detective Comics #38 (the first appearance of Robin, Batman’s sidekick) were among Cage’s comic book collections.

Nicolas Cage and Anne Hathaway collaborated on Superheroes: From Page to Screen, however, only Hathaway got paid to portray Catwoman and Cage had to pay for the comic books he used in the film. It’s possible that Anne Hathaway hasn’t had to file for bankruptcy despite earning more in Hollywood than Nicolas Cage because of this fundamental difference in approach to money.

A crocodile

It wasn’t Cage’s only one. All American households should.

A shark

Pets in Cage are the same as they always have been.

An octopus

It was rumored that Cage’s residence was filled with animals.

A private Gulfstream jet

Fifteen Estate homes around the world

His latest acquisitions include a $17.5 million Bel Air palace, a $10 million Malibu beach property and an exclusive Bahamas island hideaway, a $17.5 million Bel Air palace, a 24,000 square foot estate in Rhode Island, and a $17.5 million Bel Air palace. A chalet in Aspen, Colorado was among the other properties, along with mansions in San Francisco, New York, Venice Beach, and Newport Beach.

Two European castles

After he acquired a castle near Bath for $8 million, he spent millions of dollars restoring it.
After that, he acquired Etzelwang Castle, an 11th-century Bavarian fortress in Germany.

Rare art

Cage has a collection of over 50 pricey artworks.

High end jewelry

Additionally, he lavished the women in his life with gifts of jewelry, including diamonds and stones, in addition to taking them on extravagant vacations.

So, what’s the latest on Nicolas Cage?

A number of properties had to be foreclosed on by him. However, despite the fact that his money manager countersued, Cage continues to struggle with his finances and the sale of assets.

As luck would have it, he’s recently been in numerous big-budget blockbusters.

In addition, he sold his beloved Action Comics #1 for a record-breaking $2.16 million.

Lessons Learned

  1. Don’t focus on the material things in life: Buying expensive cars, designer clothes, and bigger houses is a simple way to “keep up with the Joneses”. On the other side, if your bank account isn’t able to keep up with the extravagances of life, it might be devastating. Compulsive shopping is referred to as an addiction.
  2. Learn more about monetary matters: Financial literacy includes a wide range of skills, such as the ability to work, save, invest, and otherwise deal with one’s own financial situation. When you attain success, it is imperative that you educate yourself so that you can make good decisions. Maintain a high level of organization. Put some money up for a rainy day in a reputable savings account. No one should rely only on financial advisors, accountants, attorneys, or insurance agents.
  3. If you think that success would last forever, you’ll be disappointed: Every day is hard work. This belief is shared by a wide range of individuals, from high-flying celebrities to Wall Street speculators. At the very least, save 15% of your earnings in an emergency fund.
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