A-list star Nicolas Cage is understood for his eccentricity and strength on and off the video camera.
In an interview on CBS’ “60 Minutes,” Cage — who was as soon as a leading earner in Hollywood, worth $150 million — assessed how he fell $6 million in financial obligation after blowing his profession revenues on homes, automobiles and other wild purchases.
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To leave that “dark period” and pay the internal revenue service and his lenders whatever he owed, Cage relocated to tax-free Las Vegas and worked non-stop, making several films a year.
“Work was always my guardian angel,” he informed CBS’ Sharyn Alfonsi. “Even if the movie ultimately is crummy … I’m not phoning it in. I care, every time.”
Ultimately, the Oscar winner’s efforts settled and he settled his financial obligations without needing to declare personal bankruptcy — however the 59-year-old came precariously close. Here are a few of his craziest purchases:
Mansions, castles and a haunted house
Cage has actually gotten a variety of domestic property throughout his respected acting profession — however he lost almost all of his homes in between 2007 and 2009 when his monetary mismanagement and tax financial obligations swelled amidst the monetary crisis.
“I was over-invested in real estate,” he said. “The real estate market crashed and I couldn’t get out in time.”
According to CNBC, Cage as soon as owned 15 homes, consisting of a $25 million waterside home in Newport Beach, California, a $15.7 million countryside estate in Newport, Rhode Island, and an $8.5 million home in Las Vegas.
He likewise purchased 2 castles in Europe for $10 million and $2.3 million, respectively, and in a purchase fitting for his latest character — Count Dracula in the brand-new horror/comedy hit ‘Renfield’ — Cage likewise purchased the notorious LaLaurie estate in New Orleans, called among the most haunted homes in America, for $3.4 million.
Cage had millions to spend — and millions to lose — on property. If you’re a routine retail financier with less money to splash, perhaps don’t follow the star’s example.
Instead, you can build your property portfolio by means of online investment platforms that let you buy lots of high-end homes. You can likewise buy a property financial investment trust (REIT) that owns income-producing real estate.
If you’re eager to dip your toe into buying property, you can discover a choice that finest fits your requirements by answering a few quick questions with Moneywise’s investment-finder tool.
A dinosaur skull, burial tomb and an animal octopus
Cage’s eccentric spending routines have actually extended beyond property. With an eye on his everlasting resting location, the star purchased a nine-foot-tall cement pyramid burial place at the popular St. Louis Cemetery No. 1 in New Orleans, LA.
He likewise invested $150,000 on an animal octopus and significant amounts on lots of other unique family pets, consisting of uncommon snakes and an African crow.
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The star even apparently purchased a 7-million-year-old dinosaur skull for $276,000 — outbidding fellow star Leonardo DiCaprio — however it ended up being taken and he needed to return the uncommon treasure to the Mongolian federal government.
If you’re motivated by Cage’s whacky (and costly) wish list, you can add a touch of flare to your investments — without reaching purchasing historical artifacts.
Whether you’re into Cage-level eccentricities, classic cars, watches, purses or great white wines, you can discover choices that match your requirements by answering a few quick questions with Moneywise’s alternative investment-finder tool.
Flashy automobiles
It is not a surprise Cage has actually dropped some major dollars on fancy automobiles throughout the years.
The acclaimed star has actually had a lot of direct exposure to costly automobiles throughout his profession. He even trained to perform his own driving stunts for the 2000 hit ‘Gone in 60 Seconds’.
In 1997, he paid $446,820 for an uncommon 1971 Lamborghini Miura SVJ owned by the late Shah of Iran. According to the Associated Press, he bid for the valued vehicle by phone from the West Coast of the U.S., paying almost double the approximated worth of the car.
Cage carried out the recent CBS interview — where he assessed his money problems, to name a few things — from his new gold Lamborghini, which he bought in homage to a 1968 film directed by Federico Fellini, which included a gilded Ferrari.
“It was a beautiful Felini movie and it inspired me,” he said. “When I saw this, I said: ‘That’s the car.’ It’s not a Ferrari, which would be great but they don’t really have any gold Ferraris. It’s fun!”
If you don’t rather have the non reusable earnings to purchase a gilded supercar, there are other more basic (and more economical) methods you can invest in gold.
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