NEW YORK—In a strange twist of fate, one of Hollywood’s top-earning stars is now several million dollars in the red and may be close to broke.
Actor Nicolas Cage, 45, is reported to owe around $6.3 million in back taxes to the United States government dating back to 2007, as well as undergoing other major financial problems.
Cage went on air on Anderson Cooper on CNN on Nov. 3rd, sharing the full state of his problems.
The actor filed a lawsuit against his former business manager, Samuel J. Levin, on Oct. 16 in Los Angeles, alleging that Levin had “lined his [own] pockets with several million dollars in business management fees while sending Cage down a path toward financial ruin.”
Cage had hired Levin in 2001 to oversee his finances.
Nicolas Cage has been selling off his properties recently to alleviate the problem. People magazine reported that in April, Cage sold his Bavarian castle in Germany, and has put up his residences in California, Las Vegas and New Orleans for sale. Two of those three houses are reported to be worth $3.5 million each.
Cage, a nephew of Francis Ford Coppola, has been acting since his early twenties. His breakout movie, Moonstruck, was released in 1987. In 1995, he won several film awards, including Academy Award for best actor, for his role of Ben Sanderson in “Leaving Las Vegas.” He has recently starred in the “National Treasure” series of movies as historian Benjamin Gates.
Actor Nicolas Cage, 45, is reported to owe around $6.3 million in back taxes to the United States government dating back to 2007, as well as undergoing other major financial problems.
Cage went on air on Anderson Cooper on CNN on Nov. 3rd, sharing the full state of his problems.
The actor filed a lawsuit against his former business manager, Samuel J. Levin, on Oct. 16 in Los Angeles, alleging that Levin had “lined his [own] pockets with several million dollars in business management fees while sending Cage down a path toward financial ruin.”
Cage had hired Levin in 2001 to oversee his finances.
Nicolas Cage has been selling off his properties recently to alleviate the problem. People magazine reported that in April, Cage sold his Bavarian castle in Germany, and has put up his residences in California, Las Vegas and New Orleans for sale. Two of those three houses are reported to be worth $3.5 million each.
Cage, a nephew of Francis Ford Coppola, has been acting since his early twenties. His breakout movie, Moonstruck, was released in 1987. In 1995, he won several film awards, including Academy Award for best actor, for his role of Ben Sanderson in “Leaving Las Vegas.” He has recently starred in the “National Treasure” series of movies as historian Benjamin Gates.
