| | |  | Nicolas Cage News & Gossip
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| | Livin' like Michael Jackson: Nicolas Cage is millions in debt | | Added 15 years ago | Source: CeleBitchy |
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Unlikely action star Nicolas Cage, 45, owes over $6.3 million in back taxes to the US government. He wasn’t involved in some tax scam, like Wesley Snipes, it just sounds like he is seriously overextended. Cage owns luxury properties throughout the world, including a castle in England, a 40 acre island in the Bahamas, and homes in Rhode Island, Lousiana, Nevada, and California. He recently sold a castle in Germany. Real estate has proven a lousy investment lately, and Cage has taken a serious hit. The US Government has placed a $6.3 million lien on his property, most of which is for sale, to collect unpaid taxes dating back to 2007. He has also defaulted on a $2 million bank loan:
On screen, he has battled everything from hardened convicts to vast conspiracies. Now Nicolas Cage is tangling with what may prove to be his toughest foe: the IRS.
The government has placed a tax lien on his vast real estate holdings because of $6 million in unpaid back taxes dating from 2007, the year of the 45-year-old actor’s box office hits Ghost Rider and National Treasure: Book of Secrets, according to court papers.
In addition, the Internal Revenue Service has yet another lien for over $350,000 in unpaid taxes dating from 2002 to 2004.
The larger tax lien, which was first filed in July, comes as Cage has begun liquidating his many legendary multimillion-dollar properties. He sold his castle in Germany, and has placed on the market his homes in California, Las Vegas, and New Orleans.
Cage is dealing with more than the tax collector. East West Bank filed a breach of contract complaint in Los Angeles Superior Court claiming he had failed to repay a $2 million loan that was extended this past August.
His reps didn’t immediately comment.
[From People]
I kind of find it fascinating when people who have more money than entire municipalities somehow manage to squander it all away on crap they’ll never need or use. Michael Jackson was a prime example of this, with his exotic animal zoo, amusement park, and all the strange, useless expensive junk he collected. His estate was said to have been worth 1/2 a billion when he died, but he was living in a rented home and training rigorously for a series of concerts he probably never would have agreed to if he had money saved. In Cage’s case he collected property and it lost value. Maybe he wouldn’t be in this situation if he would have taken a pass on a house or two.
My husband can’t stand Nicolas Cage and will find some schadenfreude in this news. Cage doesn’t really register for me and I find him kind of harmless, but my husband calls him “a talentless arrogant actor” who is decent at action films, but “sucks when playing character roles.” I thought he was ok in those National Treasure movies, which are enjoyable enough historical fluff. Whether Cage’s acting is worth tens of millions of dollars is up to question, but his films make bank.
According to IMDB, Cage has four films coming out next year, one in 2011, and five in development. He’ll manage to pay off the IRS if he can downsize a little. The spoiled, arrogant jerk. (That was for you, honey.)
Nicolas Cage is shown at a press conference for Bad Lieutenant in Toronto on 9/15/09. Credit: WENN.com
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| | Eva Mendes and Nicolas Cage Premiere 'Bad Lieutenant' | | Added 15 years ago | Source: Celebrity Gossip |
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Looking as lovely as ever, Eva Mendes stepped out in Venice, Italy earlier today (September 4) for the premiere of “Bad Lieutenant: Port Of Call New Orleans.”
Joined by co-star, Nicolas Cage and director, Werner Herzog, the “Hitch” star showed off her stylish ways in a sexy, long, black dress - all the while smiling and posing for pictures at the annual Venice Film Festival.
The “Bad Lieutenant” is a remake that follows Terence McDonough (Nicolas Cage) as he investigates the killing of five Senegalese immigrants.
As for Mendes deciding to take on the role, she says, “I didn’t even read the script,” The 35-year-old insisted. “I heard the name Werner Herzog and I said yes.”
More Photos Here
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| | Eva Mendes and Nicolas Cage Team Up in Venice | | Added 15 years ago | Source: Celebrity Gossip |
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In town to promote their new flick “Bad Lieutenant: Port of Call New Orleans,” Eva Mendes and Nicolas Cage were spotted at the Venice Film Festival today (September 3).
The “We Own the Night” actress and her “National Treasure” costar were both more than happy to strike a few poses for the paparazzi as they meandered around the festival grounds.
Always a snazzy dresser, Mr. Cage donned a dark suit with a white button-up shirt as he stood next to Miss Mendes who was sporting a peach colored dress with black peep-toe heels.
“Bad Lieutenant: Port of Call New Orleans” is a remake of the original that follows Terence McDonough as he investigates the killing of five Senegalese immigrants.”
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| | Nicolas Cage hunted by the IRS | | Added 15 years ago | Source: The Blemish |
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Back in the day, Nicolas Cage was a cool actor starring in films like Face/Off and Con Air. These days he can barely put asses in seats. After National Treasure, his career took a nosedive for whatever reason.
Things aren’t getting better either. According to the IRS, Nicolas Cage owes $6.2 million in unpaid taxes from 2007. That year he had the pleasure of being in Ghost Rider and Grindhouse. He’s planning to raise the money by selling off his homes in Louisiana and Hollywood.
The bright side in all this is his upcoming film Kick-Ass is supposed to be awesome. The downside is that Ghost Rider 2 is still in development. That’s like escaping a burning building only to shoot yourself in the face the next day.
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| | Now that's a bad economy: Nicolas Cage sells German castle | | Added 15 years ago | Source: CeleBitchy |
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You know it?s a bad economy when movie stars start selling their castles. Nicolas Cage bought his German one, Schloss Neidstein, in 2006, and has spent millions of dollars to renovate the 11th century property. The castle has 28 rooms and is surrounded by nearly 400 acres of meadows, forests and fields. Sounds nice.
People always make fun of Nicholas Cage, and I?m not sure why. Once upon a time, he was one of the best actors out there, although he?s spent the last dozen years making the same brainless action movie over and over again. But he makes the studios a lot of money, and he?ll always get work. And he?s amassed quite the savings account in the process too. The German castle was only one part of his vast real estate portfolio:
Oscar winner Nicolas Cage is selling his 11th century estate called Schloss Neidstein in Etzelwang, Germany, after he bought it in 2006 and set about restoring the castle to its former glory.
The actor, whose mother Joy Vogelsang is from Germany, purchased the estate for some 1.6 million, but is understood to have spent that twice over since in renovating the castle.
Schloss Neidstein sits on a hill with a stunning view of 395 acres of forest, meadows and fields. The 9,688-square-foot castle has 28 rooms, including 10 bedrooms and five bathrooms.
But he was only seen visiting the estate once, in 2008. “He didn’t have his heart in it,” said Roman Berr, the local mayor. And now the “Leaving Las Vegas” star has sold the property to a lawyer, according to Mr Berr.
But the nephew of legendary Hollywood director Francis Ford Coppola still has a considerable property portfolio, including homes in Los Angeles, Louisiana and another castle, the 18th century Midford Castle on the outskirts of Bath.
In a recent interview with British radio station Heart, the actor spoke of his love for his English retreat, saying, “The castle is in a process of restoration and hasn’t been finished yet. It’s a long process. It’s from the 1700s and it needs quite a bit of love.?
“It’s more like a castle of the imagination. It’s more of a Lewis Carroll-type castle actually; quite fantastical and all that.”
[From The Telegraph]
That?s nice. He has a new castle to renovate. I was worried for a second. I already knew he had a big house in New Orleans and lots of property in Hollywood, but The Telegraph doesn?t mention that Cage also owns at least one private island in the Caribbean. Who needs a German castle when you?re got your own tropical island?
Here?s Nicolas Cage on the set of ‘The Sorcerer’s Apprentice’ in New York City on Monday. Images thanks to WENN .
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| | Nicolas Cage Wants To Be Next Batman Villain | | Added 15 years ago | Source: Feed Me Gossip |
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Nicolas Cage remotely involved in the follow-up to The Dark Knight? Asinine.he actor, who has put his career on cruise control by starring in mindless action fare since his Oscar win for Leaving Las Vegas, was asked by MTV if he’d appear in the next Batman movie.“I would love to play a supervillain. I think that would be a whole lot of fun, yeah. If they call and invite me, I’d do it. Certainly,” Cage said.
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