Nicolas Cage is an American actor and filmmaker. Cage was born Nicolas Kim Coppola on January 7, 1964, in Long Beach, California, and is a member of the famous Coppola family. His father was August Coppola, who is the brother of director Francis Ford Coppola. Cage didn’t appreciate the assumptions that came with his last name, especially while trying to find work in the entertainment industry, so he decided to go by Cage professionally instead.

Cage is the winner of an Academy Award, a Screen Actors Guild Award, and a Golden Globe Award for his acting talent. He is known for such films as “Leaving Las Vegas,” “Adaptation,” “Con Air” and the “National Treasure” franchise. The star has gained a cult following from appearing in such a wide variety of genres. He is considered a prolific actor for appearing in so many films.

It turns out, Cage may have another reason besides a love of acting for his countless film roles. The star is also known for spending his money in extravagant and eccentric ways. He has purchased over a dozen properties, including castles and a haunted mansion. The actor even outbid Leonardo Dicaprio for a dinosaur skull that cost over $200,000. It is said that Cage blew through $150 million in total, and also that he owes a substantial amount of money to the IRS.

Once considered one of Hollywood’s best-paid actors, Cage is now forced to accept multiple movie roles a year solely for the income so that he can pay off his taxes. Keep reading to learn more about how Cage spent all of his money.

Nicolas Cage (2015), (JB Lacroix/WireImage/Getty Images)Cage is a notorious spender. He once said to Entertainment Weekly, ”I find ways of spending money that mystify everybody around me.” Most of Cage’s money went to real estate purchases, including two castles. One was located in Germany and the other in England.

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According to CNBC, he once owned 15 residences including: “A $25 million waterfront home in Newport Beach, California, a $15.7 million countryside estate in Newport, Rhode Island, and an $8.5 million abode in Las Vegas.” The outlet also reported Cage outbid Leonardo Dicaprio for a dinosaur skull but ended up having to return it to Mongolia when it was discovered to be stolen.

Another costly purchase of Cage’s was of a haunted mansion in New Orleans, Louisiana, that once belonged to Delphine LaLaurie. He told Vanity Fair, ”I bought it in 2007, figuring it would be a good place in which to write the great American horror novel. I didn’t get too far with the novel.”

Outside of all of his extravagant purchases, Cage also owes $6.9 million to the IRS. For this reason, he has chosen to work as much as possible to avoid filing for bankruptcy. He said to the New York Times:

“It’s no secret that mistakes have been made in my past that I’ve had to try to correct. Financial mistakes happened with the real estate implosion that occurred, in which the lion’s share of everything I had earned was pretty much eradicated. But one thing I wasn’t going to do was file for bankruptcy. I had this pride thing where I wanted to work my way through anything, which was both good and bad. Not all the movies have been blue-chip, but I’ve kept getting closer to my instrument.”

Nicolas Cage (2014), (Nomi Ellenson/FilmMagic/Getty Images)What do you think of Cage spending so much money and ending up in debt? Are you a fan of his movies? Let us know, and feel free to pass this along to your friends and family that love Nicolas Cage. 

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