Nicolas Cage is going broke

[pico]

http://www.thestandard.com.hk/news_detail.asp?we_cat=7&art_id=90754&sid=26137649&con_type=1&d_str=20091119&fc=7

apparently he bought couple of castles and throw gatsby style parties.

[Brakon00]

no idea why it is in the news..who gives a sht about that horrible actor anyways..if it is true good for him...he had fun while it lasted..now hes gonna have to work to make $ once again..

[Jack Napier]

I would feel bad if he didn't have the worst list of movies to be in ever

[tullamore]

who keeps paying him to be in these shitty movies

[tltaylor89]

lol Hollywood keeps paying

[daggerkobe]

The Rock & Snake Eyes were great.

[mmike032]

buying castles will do that to ya

[SBR Lou]

no idea why it is in the news..who gives a sht about that horrible actor anyways..if it is true good for him...he had fun while it lasted..now hes gonna have to work to make $ once again..

Not really, he still commands $20M a movie, but perhaps the public embarrassment might cause him to be low-balled in future projects. No doubt it's common knowledge and per his usual standards he must now be more willing to "work cheap".

[maersksealand]

[quote=Brakon00;2589110]that horrible actor anyways..quote]

Lord of War is a good one, see it if you have the chance.

[Bread]

I LOVE shitty nick cage movies. They make me giddy. He's that bad.

[pico]

i like nicholas cage. i grew up watching his movies. i admit he had some horrible ones, but he also had some great ones. my favorite cage movie, is Leaving Las Vegas with Elizabeth Shue.

[blix177]

He still way richer than I am lol

[big joe 1212]

guy is good in 5% of his movies.

I dont feel bad for any millionaires that go broke! FUK them!

[pico]

this is true love

[RiverRaid]

**** him, He had it made and now he is broke. I have been broke my whole life and work a shitty job i hate, but what can you do. Hey Nicky come see me i'll give you a job.

[jjgold]

unreal how stupid these guys actually are

I hope he ends up in the fukkin street homeless

[JBC77]

I assumed old Nick was a fairly intelligent guy. Apparently not as he has pulled a Mike Tyson, squandered wealth that should have spanned generations and didn't keep his eye on a rogue personal financier.

How do you lose millions of dollars and not realize you spending yourself right into the poor house.....

[Glada Tartan]

Well.. he got a lot going..

http://www.imdb.com/name/nm0000115/

[Shahbucks]

He's a good actor to me but plays in the worse movies with dumass parts. Spend more than you make you go broke and it don't matter if you make 10k or 10m a movie.

[byronbb]

This guy has 1 dimension.

[jjgold]

His movie appeal is sinking too , I am sure he could bail out of debt and have cash again but he would have to change his spending ways.

[Bread]

EXCELLENT analysis, JJ.

You are a true mover & shaker of the industry.

[jjgold]

Bread I know the industry very well even though not a movie goer. I am well read and well thought out.

[Boner_18]

Guy PM'ed me yesterday asking to borrow 100pts. Promised he would pay back 165...

[dmtrader]

Nick's spending habits aside (which appears to be the major factor in his bankruptcy), remember that actors get paid in all earned income, and have marginal tax rates that approach 50%. Take his agent and manager's fee off the top (pre-tax), and Nick only has about 30% of his income left to spend. Entertainers usually do not with-hold anything for taxes, so they are routinely short of cash on April 15. The penalties and interest pile up, and they get more and more behind.

[beach nut]

Wow he pissed away a ton of cash.

[Team Ramrod]

cage is one of the most overrated actors of all time

[fresnosurf]

Are we really surprised? It doesn't take much to know that these athletes or actors should never go broke in their or kids lifetime. If they was just ot put aside 10-15% of what they make every year, then they would have someting to fall back on. But ohwell, who the hell cares for the future right.

[Art Vandeleigh]

I remember reading a while back he sold his comic book collection (!) for over a million dollars (!!!) and thinking he was quite the shrewd businessman, oops.

[TheLock]

His recent movies have been sucktastic no doubt but it wasn't always this way.


Valley Girl, Raising Arizona and Leaving Las Vegas were great flicks.

[jgiun1]

leaving Las Vegas AND The Rock were about his best