Nicolas Cage is Broke?!
Hurry, make a pun about “National Treasure” because Nicolas Cage is broke. People Magazine reports that the 45-year-old actor owes $6.3 million in back taxes — and he’s blaming his financial adviser.
Cage filed a lawsuit on October 16, claiming 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.” 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.” However, 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.”
Though Cage claims that he only recently learned how deep of sh-t he was in, the star started selling off some of his prized possessions months ago. In April, Cage sold his Bavarian castle to his German adviser, lawyer Konrad Wilfurth. (He had a Bavarian castle? And a German advisor? Yeesh.)
Now, Cage is selling homes in California, Las Vegas and New Orleans, where two of his residences –- each worth around $3.5 million -– are up for auction Nov. 12. If only I had a spare $3.5 mil, you know?
The funny thing is – Cage could easily make $6.3 million with one movie…