Nicolas Cage is unfortunately one of dozens of high profile celebrities who happen to be way better at acting or throwing a ball or boxing than they are at taking care of their personal finances.
After years of extravagant over-spending, not only did Nicolas find himself owing the IRS $13 million, but he also managed to blow through a $100 million fortune. How, the heck did this happen?
Here’s his problem: As his income went up so did his spending habits. Actually, to be fair, as his income increased Nick’s spending habits SKYROCKETED. Between 2000 and 2007 Nick went on a spending spree that would make the Sultan of Brunei blush
Fortunately, I think Nicolas Cage is still a bankable Hollywood star.
In 2013 alone Nick has starred in several big budget films. He also sold his prized Action Comics #1 for a record setting $2.16 million. Hopefully Nick can churn out a few decent movies, pay down his debts and move on with his life. He has MANY films already lined up for this year until well into 2015.
That was his??!??