Nicolas Cage Is Broke
November 3, 2009
People Magazine is reporting that Nicolas Cage, 45, is broke as a joke, maybe not in those exact words..
Cage, one of Hollywood’s highest paid actors, claims he owes $6.3 million in back taxes and is in deep in money troubles and he blames his financial advisor.
In a lawsuit filed on October 16 in Los Angeles, the Cage claims that his longtime business manager, Samuel J. Levin, “lined his [own] pockets with several million dollars in business management fees while sending Cage down a path toward financial ruin.”
Also in the lawsuit Cage says he “relied on Levin to handle his financial affairs to ensure that he and his family would have a financially secure future built on the foundation of the substantial monies Cage earned through years of hard work.”
The suit continues:
“He is now forced to sell major assets and investments at a significant loss and is faced with huge tax liabilities because of Levin’s incompetence, misrepresentations and recklessness.”
He faces “catastrophic losses” of more than $20 million, according to his lawsuit. Cage’s next court hearing is scheduled for February 2010.
photo: Wenn.com
November 3rd, 2009 at 7:04 pm
I have no sympathy for these demented actors who leave their financial management to equally demented to these people. Go make another movie Nicolas and pay down your freaking debts, you moron.
November 3rd, 2009 at 10:19 pm
Woo Hoo! Worst actor of all time! I hope he never recovers his losses and fades away into obscurity. The world would be a much better place without this piece of crap. I hope I can personally kick him when hes down for wasting 1 hour of my life, watching half of gone in 60 sec.(I b
November 4th, 2009 at 1:06 pm
Get over yourselves guys, way to kick a man when he’s down. No one deserves this kind of treatment. Did you feel this way about the people who relied on Madoff? He was a professional, that’s why actors hire these people because they know nothing about this field and hope that they can trust a man will do his job. If you don’t like him as an actor that’s another story, but I find him charming.
November 7th, 2009 at 8:05 pm
Boo Hoo!!!! All these actors making millions and they spend it on crap then whine that they’re broke. You know, for what they spend on clothes alone they could turn around the economy of some third world country. Try drilling a well in an African village, Nick, or send the girls home my church sponsors in a South American country a check for a million or two. There are 53 girls in a home built for 26 but they are happy, loved, and loving. Quit thinking only of yourself and your petty needs and think about someone else for a change!
November 7th, 2009 at 10:05 pm
I rely on my pet dragon to get me safely from one world to another, without having to give him detailed 3D coordinates and instructions to follow. He is supposed to know how to move interdimensionally without having me pop like a zit when we travel into the crushing pressure of inner space, near the rotating iron core of the earth. Interdimensional travel is what dragons do. The birthright of a wizard or a master of the universe, for that matter, is to share the dragon’s talent just enough to be able to go along for the ride. Isn’t this what UBER WEALTHY ACTORS and PROFESSIONAL GOLD-DIGGERS/DIVORCEE WENCHES/EX HARDY BOYS do when they hire UBER OVERPAID Wall Street MANIPULATORS to manage their ALL TOO EASILY GOTTEN gains? They know about as much about finance as I do about interdimensional travel, but we all know enough in our respective worlds to know that somewhere, someone’s travelling interdimensionally (right?) and someone is picking stocks better than a monkey with a handful of darts and a dartboard made of today’s list of stocks in the Wall Street Journal. So, who can blame Nick for doing what nearly everyone in his (or my) rarefied world do when it comes to the alchemy of picking investments or travelling interdimensionally? Mere mortals simply don’t get it. Nick and I are cursed with these special abilities, needs and dependencies. Instead of bringing Nick down to your level, you should restore him to his place in the ether of your world (HOLLYWOOD): take up a collection to help Nick. You should leave dollar bills tacked to the trunks of trees in Central Park in Manhattan, so that he and I can find new and more successful ways to do what we do best (act and invest, in his case and hunt, capture and train dragons, in mine ). Remember, when we get it right and show you a glimpse of the world beyond your drab, servile existence, you revel in our deeds and tales. Are you not grateful for the suspension of disbelief that we pour into your tiny, narrow minds? Do you not crave the magic of our lives? Don’t you need us to stem the tide of hopelessness and suicidal gloom that rise up within each of you every morning? Think carefully before you abandon our kind. We may be the only true lifelines you have. Dollars/tree trunks/Central Park/today and for as long as necessary so that Nick and I can return to our rightful places in the universe. Just do it!
November 7th, 2009 at 11:03 pm
He will recover. He’s still a bankable star. Everyone needs to cut back and start watching your own business affairs, write the checks, sign them and keep track of everything yourself. How difficult can it be.
December 18th, 2010 at 4:21 am
Ill be your accountant.