Nicolas Cage is broke, blames business manager for it (video)
3 November 2009
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A million-dollar man no more: Despite being able to command about $20 million a movie, actor Nicolas Cage is dancing with financial ruin. The actor’s New Orleans homes, each valued at about $3.5 million, will hit the auction block on Nov. 12 to help the actor pay off the $5.5 million in unpaid mortgage debt on them, according to NOLA.com.
And to make matters worse, Nic — who lost his beloved dad to a heart attack last week — is in for more than $6 million to the IRS.
So what happened to Cage’s millions? The Valley Girl star believes his former business manager had something to do with it. Nic is suing Samuel Levin for leading him “down a path toward financial ruin,” in $20 million lawsuit filed last month.it is
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