Nicholas Cage broke! That's what is in the headlines today and it really caught me by surprise. The Hollywood star who has been included in Forbes top 100 celebrities is now broke? I couldn't believe it. But as I started reading about it, it slowly sink in and yes, Nicholas Cage is now broke. He has been selling his homes, his castles and many of his properties. The IRS is also getting him for his debt that is said to be $6.6 million. A bank has also sued him for not paying the money he has borrowed from them in August.
What happened to Nicholas Cage? The sad thing about it is that it was not really him who cause his downfall, it is his financial adviser. Cage is suing his financial adviser Samuel Levin for $20 million. According to Cage, Levin has sent "down a path toward financial ruin" while stuffing his own pocket with Cage's money.
This is a lesson to all artists who are not keen about counting their earnings and just entrust it ot "financial advisers." I hope Cage will recover from this. He will, he's a good actor and he'll never run out of work. I hope. Whew, Nicolas Cage broke? I can't believe it. But it is true.
