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How Nicolas Cage Blew His $150m Fortune And Ended Up Broke

How Nicolas Cage Blew His $150m Fortune And Ended Up Broke

The actor reportedly blamed his accountant for sending him ‘down a path of financial ruin'.

Nicolas Cage reportedly managed to blow his National Treasure fortune of $150 million (£109 million) on some of the most bizarre things.

The 56-year-old, of course, made his money by being one of Hollywood's highest earning actors and starring in iconic films, such as, Con Air, Face/Off and Ghost Rider.

Despite working in Hollywood since 1982, he eventually became in debt after spending obscure amounts of his fortune on some insane stuff.

As reported by the Mirror, by 2009 he became overwhelmed in debt and owed the Internal Revenue Service a mega $6.3 million (£4.6 million).

By the age of 40, he had spent enough money to make himself broke and coincidently shifted the blame to his accountant sending him 'down a path of financial ruin'.


When looking at his purchases during that time, some definitely are worse than others.

The actor, incredibly, bought a 67-million-year-old Tarbosaurus dinosaur skull for $300,000 (£219,220).

I mean, the Ross Gellers of this world will probably be excited by that one but I think I'd rather have a Rolls Royce, or something useful for that kind of cash.

Next up, the actor bought an 11th-century Bavarian castle in Etzelwang, Germany for $8 million (5.85 million).

If you think that's bad, he also bought a 40-acre island south of Nassau, paying a whopping $7 million (5.12 million), which is surprisingly less expensive than the castle.

In 2006, Nicolas purchased a haunted house that belonged to serial killer Madame Delphine LaLaurie for $3.45 million

He was actually said to have owned 15 different residences at the same time, including a $25 million (£18.27 million) beach home in California.


Not to mention at one point, Nicolas owned 50 rare cars and around 30 motorbikes.

One of his most expensive cars came in the form of a Lamborghini he purchased in 1997 for an unbelievable $450,000 (£328,830).

To put things in perspective, that amount of money in 1997 is likely to be worth around $767,000 (£560,000) in today's money.

And oh yeah, he casually spent $1 million on (£730,000) on a Ferrari Enzo too and had around nine Rolls Royces.

It doesn't stop there...he also, at one point, owned four yachts with the most expensive one being valued at $20 million (£14.61 million).

Nicolas also bought a nine-foot tall pyramid-shaped tombstone which he allegedly said he hopes to be buried inside it when he passes away.

So, there you have it... it looks like Nicolas Cage is a pretty big spender.

Featured Image Credit: Alamy

Topics: US News, Hollywood