Nicolas Cage Net Worth: The Extravagant Spending and Financial Troubles of Nick Cage

Nicolas Cage Net Worth

Some famous people are known to spend lavishly. But nobody can compare to Nicolas Cage, who played Renfield. The 59-year-old actor, who was once one of Hollywood’s highest earners, recently dug himself out of a deep hole of debt caused by his profligate spending.

Do you want to know how much money the former National Treasure star will have in 2023? Everything from his most unusual acquisitions and IRS problems to his current assets is known to us.

Nicolas Cage Net Worth

American actor Nicolas Cage has a $25 million fortune. Having made at least $200 million from movie pay alone, Nicolas Cage’s net worth was once significantly higher, well over $100 million. Nick’s wasteful spending has made him somewhat known in recent years.

Nicolas Cage, despite being one of Hollywood’s highest-paid actors, got into serious financial trouble due to his failure to pay his taxes and some bad real estate investments, forcing him to sell his Ferrari Enzo and other valuable possessions.

One of the most precious comic books in existence, Action Comics #1, was among the items he sold at auction for a record-breaking $2.16 million. Later in this piece, we’ll describe his enormous spending spree, which lasted for years and was very astounding.

The Extravagant Spending and Financial Troubles of Nick Cage

Nick made almost $150 million in acting earnings between 1996 and 2011. Just to mention a few, he made $20 million for National Treasure, $20 million for Windtalkers, $20 million for Gone in Sixty Seconds, and $16 million for Snake Eyes. It’s not unexpected that his expenditures increased along with his salary.

Actually, to be fair, Nick’s spending habits SKYROCKETED when his salary soared. Nick embarked on a spending binge between 2000 and 2007 that would have made the Sultan of Brunei blush.

Cage bought 15 houses for himself (including TWO castles), an island in the Bahamas for $7 million, four yachts, a fleet of exotic cars, a private plane for $30 million, dozens of works of art, diamonds, and a dinosaur skull that was 67 million years old.

The Internal Revenue Service placed a federal tax lien on a New Orleans property held by Cage in 2009. Over $6.2 million in federal income taxes owed by Cage were allegedly unpaid. Soon after, Cage sued his business manager for $20 million, claiming that he had been the victim of negligence and fraud. Reportedly, he was still making payments on his obligations as late as May 2017.

The Philanthropic Heart of Hollywood Star, Nick Cage

The Philanthropic Heart of Hollywood Star, Nick Cage

Among Hollywood stars, Cage is among the most giving. For the benefit of youngsters forced to fight in conflicts around the world, he gave Amnesty International $2 million to build shelters and provide physical and mental health care.

In the wake of Hurricane Katrina, he gave a million dollars to the victims. ArtWorks, an organization that promotes respect for workers’ rights, has his backing. For his altruistic work, the United Nations honored Cage with the Humanitarian Award.

Nicolas Cage’s Net Worth Never Bounced Back. However, He Recently Paid Off His Debts

The present situation of Nicolas’s money was detailed in his GQ profile. The Gone in 60 Seconds star was debt-free by 2022, thanks in large part to his prolific filmography. Nicolas, though, insisted that he never accepted a job for the sole purpose of paying off his debts.

“When I was doing four movies a year, back to back to back, I still had to find something in them to be able to give it my all,” he explained.

“They didn’t work, all of them. Some of them were terrific, like Mandy, but some of them didn’t work. But I never phoned it in. So if there was a misconception, it was that. That I was just doing it and not caring. I was caring.”

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