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Nicolas Cage is known for his eccentricity and intensity on and off camera. He recently made headlines for his cameo in a June blockbuster, and for his upcoming appearance as himself in the popular video game “Dead by Daylight.” While the series has featured horror icons such as Freddy Krueger, Cage is the first real-life celebrity on the roster.
As Cage says in the teaser trailer, “There’s nothing more powerful than imagination.” This holds especially true for the actor, who was once a top earner in Hollywood, reportedly worth $150 million at one point.
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In a recent interview on CBS’s “60 Minutes,” Cage reflected on how he fell $6 million in debt after blowing much of his career earnings on real estate prior to the market crashing.
To get out of that “dark period” and pay the IRS and his creditors everything he owed, Cage moved to tax-friendly Las Vegas, Nevada and made multiple movies a year.
“Work was always my guardian angel. It may not have been blue-chip, but it was still work. Even if the movie ultimately is crummy … I’m not phoning it in. I care, every time.”
Ultimately, the Oscar winner’s efforts paid off and he settled his debts without having to file for bankruptcy — but the 59-year-old came dangerously close. Here are some of his craziest buys.
Cage has picked up a slew of residential real estate during his prolific acting career — but he lost nearly all of his properties during the previous housing market crisis when his financial mismanagement and tax debts ballooned amid the financial crisis.
“I was over-invested in real estate,” he said. “The real estate market crashed and I couldn’t get out in time.”
Cage once owned 15 residences, according to CNBC, including a $25-million waterfront home in Newport Beach, California, a $15.7 million countryside estate in Newport, Rhode Island, and a $8.5 million abode in Las Vegas.
