When The Checks Stop Coming in: “I Made Over $300 Million and Now I’m Broke”

Posted on November 1st, 2009 - By Bossip Staff

Categories: In White Folks News, News, When The Checks Stop Coming In

NicholasCagepic

This may be the worst when the checks stop coming in ever. Your boy Nic Cage is reportedly broke, although he has done over 50 movies, over two decades and currently makes an estimated $20 million minimum per film. Cage has sold several mansions across the country in an effort to quickly raise cash, but the IRS still says he owes $6 million! A few of the homes have been foreclosed on due to unpaid mortgage payments. Cage says his “Business manager” is to blame and is suing him. SMH. Poor thang.

  • http://gmail.com For Real, For Real

    Am I first?

  • http://www.yahoo.com Shan

    White folks can do stupid stuff with their money too.

  • jstbnme

    DAMN!!!

  • Janae

    Ok. If he REALLY is broke, that’s TRULY TOO BAD. His wife is cute, though.

  • http://bossip Pimp 4 a day

    He makes Antoine Walker not look too dumb. $300 milli? Thats a lot of loot to burn through.

  • Kigali (Marriage before carriage)

    His wife was a waitress when they met.

  • Kia

    Where are all of the Black people haters? You know, the ones that say ugly, stupid things about black people being the only ones who do this? Speak up! You were all over the Antoine Walker thread. Where ya at?!

  • i said…

    Calm down Kia.You’re right, but you already know what it is mama…

  • Raven Saves

    That’s the recession for ya, broke dont discriminate!

  • Nova

    That’s a shame. That “business manager” probably got all that money in some Swiss bank account.

  • Atl_Finest

    Sound like he has a habit to me. Just saying! Business mgrs love clients that have habits.

  • kelly rowland

    it so sad ,I feel bad for him but I got bills to pay too

  • Geebz

    Not a good look Raising Arizona!

  • I’m Just Me: Keeping it Real Since 1983

    Wow!!

    300 mill…..there is more to this story I am sure.

  • Janae

    @ Kigali

    “His wife was a waitress when they met.”

    I know.

  • Sonia

    He’s not the only one plenty of Hollywood stars are broke or on the verge of getting broke.
    They don’t know how to manage their earnings = living like royalties, spending and renting instead of saving or owning.
    Now with this economy we can finally see

  • kerry

    You can make 300 mill and be broke over a 20-year period if you don’t manage it well. 300 mill, the IRS takes 145 mill of that in taxes. Manager takes 10-20%. He bought a bunch of houses, furnished them, had to pay to keep them up, had to pay taxes on each one. Plus whatever other expenses he had/has. D-bag.

  • white male

    I’m sure he still has way more money and earning potential that Antoine Walker.

  • http://www.freewebs.com/myfastloan redcora

    He’s not broke.. 6 mil is a drop in the bucket.. just an unpaid bill.. He’s on top yall..lol

  • da4seentruth

    LOL..With money, this cat is Worst than Mike Tyson.

  • http://kymwatson.com Kim

    Whoa my boy Nic picks the pretty ones…women and big money paychecks…once the bankruptcy thingy is done he’ll be licking his wounds in Maui for a month or so…go figure. Stupidity and poor money management are color blind.

    … from my sweet MC HammaMan & miraculous financial comeback King Wil Smith to Eminem and poor ol Arabian horse collector Wayne Newton, celebs win alot and spend alot and lose a lot but in the end they keep on livin large:)

  • tasha

    dannnnnnnnnnnnnng thats some ish right there http://www.cassaundrachristmas.com anit even that broke

  • kit

    THOSE CHINA DOLLS WILL BREAK A FOOL

  • “movie quote mann”

    well at least it wasn’t “gone in 60 seconds”

  • Gymo

    @Haha, I think you are the dumb-ass because Nicolas Cage was a 17 yr old High School dropout.
    Antoine Walker is a College graduate.

    Haha, engage your brain before your mouth.

  • SpikeMYOB

    Don’t blame Nick.. he was probably good with his money and had a fat fortune. His business manager, Sam Levin, or something? Ran him into bad investments. Hey… even public institutions were investing with Bernie Madoff or ENRON and hey if AIG was a bad investment then you know that a lot of savvy financial types have some junk in their portfolio. Cage is just one of those who got caught up .. he did what HE was supposed to do.. make that money, but if you have an incompetent or corrupt financial adviser you can still end up out of the money.

  • Moreaces

    He’s far from being “broke” he may be out a few 10 mill, but he still never has to work if he chooses not to

  • Gymo

    I supposed he’s blameless as only having less than an high school education he would be unable to read his monthly financial statement (financial statements are required by law), probably figured it was magic paper not to be opened.

  • citiboi

    He probably isn’t broke and if he is he will probably get the lead in about..uhhmmm maybe 10 more blockbusters…who cares?

  • Gymo

    @Trufbetold,

    I totally agree with you, I can remember walking out of “National Treasure” because I had grown weary of his incessant lunatic blathering, and knowing that the original script was not written for that kind of lunacy.
    So, I got out before getting the overwhelming urge to gouge out my eyes and floss my brain from ear to ear.

  • Tiger’s Eye

    NEXT!!!!

  • Anon

    Too bad, so sad…I don’t feel sorry for anyone that loses $300 million.

  • Ms. T.

    I don’t care how much money you have; that has got to sting. To top it off, his dad passed away last week.

  • always knew

    Anon- “Too bad, so sad…I don’t feel sorry for anyone that loses $300 million.”
    _____________________________________

    Agreed. Stupidity at it’s finest…

    And yes, Cage is a pretty good actor…

    He’s still an idiot for losing $3 mill, I don’t care how you look at it.

    My fav: Face- Off w/ John Travolta, Love the gun play. :)

  • always knew

    To top it off, his dad passed away last week.
    _______________________________

    My condolences. :(

  • chaka1

    I feel his pain. I made great money in 2007. I haven’t made s**t since February 2008. The recession is for real…

  • sassalene

    If he lost all of his money then he is a dumbass and deserves to go homeless. I also know he was very flashy and had even more extravagant taste than antoine walker. And he would not be the first wealthy white actor to go broke I believe that legend marlo brando had financials problems and may have died broke.

  • Warren Piece

    Damn not Nick…i thought he was set for life…oh well

  • I’m Just Me: Keeping it Real Since 1983

    FACE-OFF

    SHOULD BE #1!!!

  • Nikki

    I don’t feel one bit of sympathy for this idiot. Why would anyone with a lick of sense buy multiple homes but never completely pay off the mortgage for at least one of them…and he supposedly “owns” an island in the Caribbean. At least he chose a good wife… and uneducated one who can help him with these financial problems by serving eggs and coffee…wonder how many tables she’ll have to wait before she helps him out of this mess. Better yet, how long before she leaves his broke azz!

  • Gaviota

    I don’t feel a bit sorry for him!! WOW! shocking…

  • Nikki

    People lose socks, or pencils or their glasses. You don’t “lose” $300,000,000. (when you put all the zeros behind it, it really is scary). YOU SQUANDER IT AWAY.

  • de Sade

    He was pretty good in Valley Girl…And let this be a lesson. Don’t give power of Atty. to anyone in regards to managing your money. If it’s yours, you should always have the final say so on how it’s invested or spent. You’d think he would’ve learned from Billy Joel, who was screwed over twice.

  • Gaviota

    where the hell are my comments?

  • Gaviota

    he was making $20 mil per (crappy) film) and now he’s broke!!! UN-believable..

  • UnkleRuckus

    In the words of Ochocinco, “Just cause you have money, don’t mean you have to spend it”.

  • Stephy

    I doubt he’s broke, he’s from a pretty rich family; nevertheless, people need to manage their money better…stop depending on managers to have your best interest.

  • sosad

    This dude is not broke, he just doesn’t have the millions he used to have. For those of you that don’t know, he’s the nephew of director Francis Ford Coppola and actress Talia Shire. His family is Hollywood royalty. Broke to us average folks is different for them. Nick ain’t missin no meals. He was just reckless with his spending and wants to blame it on his business manager. I see now why patricia arquette divorced him.

  • Romy

    Those Bentley’s will ruin a fool.

  • monique

    Well, he’s lucky to have rich relatives (Francis Ford Coppola, Sophia Coppola, plus). He won’t be living on the street any time soon.

  • AWWWWWWWWWWWWWWWWWWWWWWWWSHADDAAAP!!!!

    O, snap! I thought that was Lucy Liu. I had to go back and recheck.

  • AWWWWWWWWWWWWWWWWWWWWWWWWSHADDAAAP!!!!

    It’s a shame this happened to Nick. He had such a steadfast commitment to the craft. Dude ate one of those Texas-size, flying c@ckroaches in ‘Vampire’s Kiss.’

  • AWWWWWWWWWWWWWWWWWWWWWWWWSHADDAAAP!!!!

    Who’s the d@mn Gestapo responsible for this hyper-censoring??? You can’t even say ‘C@CKROACH’anymore without being blocked.

  • JoeMade

    He owes IRS only 6 mils. His house in Newport Beach, CA was worth 30.

  • Breeze

    Oh no! Not Castor Troy! I really like Nicolas Cage and I hope that he can work out his financial situation and get his affairs in order.

  • http://hmlt Too short

    But what people dont understand, is you can be broke but still have mnoney, in these cases anyway, They just not telling where the money is at.Just Like Michael Jackson, he was broke but he still had money.

  • http://Bossip Bliss

    I don’t believe it. He’s not flat broke… He’s can still stay a float… His broke and our version of broke are two entirely different situations. He’s not flat broke!

  • dirtyweasel

    whatever the situation you ppl need to stop justifying it. Give me 300 mill and I will never owe anyone ever!!!!!

  • Tone

    Dude isn’t even close to broke. File your taxes correctly Nick.

  • JUJU

    NOT MR.CON AIR-C’MON CAMERON POE-TIME TO SAVE THE F*****G DAY)HUMMINGBIRD IS DEPENDING ON YOU-LOL!

  • Jer-z Girl

    Nick Cage is Francis Ford Coppolla’s son. He ain’t broke!

  • Gimmeabreak 78

    For the life of me, I can’t figure out why people think that money will last forever if you don’t manage it properly. Wow–$300 million is more than the GDP Bangladesh! I’m almost hoping that he has some kind of chemical dependency that would explain how he could run through that type of money in 20 years.

  • camille

    I don’t feel bad for him at all. He’ll recover.

  • EvieE

    He’s a Coppola, I think he’ll be okay

  • SHO ME STATE!

    HE’S A WHITE MAN IN AMERICA HE’LL BOUNCE BACK IN NO TIME!

  • Ms. T.

    Kevin Bacon and his wife Kera Sedgewick lost all of their money in Bernard Madoff’s ponzi scheme. He ripped a lot of people off. Who’s dumb enough to put all of their golden eggs in one basket? Sad!

  • always knew

    Ms. T.

    Kevin Bacon and his wife Kera Sedgewick lost all of their money in Bernard Madoff’s ponzi scheme. He ripped a lot of people off. Who’s dumb enough to put all of their golden eggs in one basket? Sad!
    _________________________________________

    After, them receiving huge returns for years, then to find out that it’s all FRAUD. Well, at least they are wht and have Hollywood friends, they’ll be fine…

  • http://my242.com/2010/02/why-couldn%e2%80%99t-camel-make-payments-on-52-million-loan/ Why Couldn’t Camel Make Payments on $52 Million Loan???? – My 242

    [...] know your boy Nic Cage starting suing folks when he ran into financial trouble but we have faith in Camel that maybe there was a logical reason [...]

  • http://fawker.us/2010/02/05/why-couldnt-camel-make-payments-on-52-million-loan-2/ Why Couldn’t Camel Make Payments on Million Loan???? |

    [...] know your boy Nic Cage starting suing folks when he ran into financial trouble but we have faith in Camel that maybe there was a logical reason [...]

blog comments powered by Disqus