1. Nicolas Cage – Castles, Snakes, And Shrunken Heads
The most entertaining way to make horrible investments is by simply spending all your money on crazy stuff. That’s exactly what Hollywood’s worst best actor – or best worst actor? – Nicolas Cage has done. As a member of cinema’s first family, Nick Cage (originally Nicolas Coppola) has been engulfed in a celebrity lifestyle since birth. If your uncle created The Godfather, you might act like a made man, too.
Cage has appeared in over 81 films, produced 12, and earned over $150 million during his career. Yet, he only has a net worth of $18 million. An insane spending habit and aversion to government collections agencies are to blame for Cage’s embarrassing loss of worth. Cage owes about $6.5 million in back taxes and has spent over $100 million on lavish purchases, such as: an $8 million castle in England, two albino king cobras, nine Rolls Royces, 30 motorcycles, a $17.5-million mansion in Bel Air, decorative shrunken heads, and numerous private jets.
Hey, Nick Cage’s money is Nick Cage’s money. With performances like Gone In Sixty Seconds, National Treasure, Wicker Man, and Ghost Rider, Cage has earned the right to spend his money. But, that doesn’t make his spending habits any less embarrassing.
by Matty Foles
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