Oscar winner Nicolas Cage can command almost $20 million a film, yet he is still heading for financial doom. Cage owes the IRS $6.3 million dollars in back taxes and is suing his former business manager, Samuel J. Levin, whom he claims led him on the path to financial ruin. The actor is seeking $20 million in damages.
Cage has started selling off much of his real estate, which he owns all over the world. His properties include a Bavarian castle in Germany, two apartments on New York's Fifth Avenue and a townhouse in Bath, England. Cage's two New Orleans' houses are to be auctioned for sale November 12.
His next movie is the soon-to-be-released Bad Lieutenant: Port of Call New Orleans. Let's hope it can bring in some money for Cage's sake.
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