Nicolas Cage has been facing two home foreclosures and tax bill for $6 million. The actor fell victim to a financial downfall in which he blamed his long time business manager, Samuel J. Levin, stating that he, “lined his [own] pockets with several million dollars in business management fees while sending Cage down a path toward financial ruin.”
Both Cage’s homes in the French Quarter were auctioned off on Thursday after being foreclosed. Regions Bank, his lender, bought both properties for $4.5 million. Nick has also sold off homes in L.A., Las Vegas and Rhode Island in effort to pay off his tax lien.
But, Johnny Depp has now come to the rescue. Depp feels he owes Cage after he plucked him from obscurity and sent him to his agent. Johnny was then put on track to stardom.
“Johnny called Nic and basically told him not to worry and he’d help him and sort everything out,” says a friend. “He feels he owes his career to Nic and now wants to repay him – if Nic agrees. Johnny has never forgotten what Nic did for him.”
If you’re wondering what really caused Cage’s financial downfall, it’s his fast finger when it came to winning those all-important auctions on Ebay. Because certainly we understand that owning the world’s only two shrunken heads (real human heads that is) is a must for any collector worth his bread:
Among Cage’s other insane purchases were several yachts, a jet, a castle, over 50 cars, over $1 million dollars worth of comic books including Action Comics Number One which featured the very first appearance of Superman, several mansions including one in New Orleans (that may or may not be haunted), two Bahamanian islands and a $500,000 Lamborghini once owned by the Shah of Iran.
He also has dropped $276,000 on a dinosaur skull (reportedly out-bidding Johnny Depp), 2 non-malt liquor real King Cobras (Moby and Sheba) and a pet octopus.
Regarding those King Cobras, though they may sound like a luxurious purchase to commoners like you, but it’s important to note that Cage is, above all else, a responsible consumer. After all, according to the L.A. Times, he also purchased antidote serum to protect himself and whoever came in contact with Moby and Sheba should they be accidentally bitten.
Johny Depp would be better off sending Cage and himself to a Buyers Scared Straight class instead.
November 16, 2009 at 12:03 am
Depp rocks.
loading...