Is Nicolas Cage Broke? Star Sells Properties, Sues Manager As IRS Closes In /Phresh
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Is Nicolas Cage Broke? Star Sells Properties, Sues Manager As IRS Closes In

October 23rd, 2009 | by Staff

If you’re in the market for a mansion or castle you should give Nicolas Cage a call as it appears the Bangkok Dangerous actor is on a home-selling frenzy.

Nicolas Cage
Nicolas Cage at World Trade Center Bangkok Press Conference, (September 12, 2006). Photo: May in April

The actor, who Forbes estimates earned $40 million between June 2008 and June 2009, recently completed the sale of his Bel Air mansion for between $9.5 million and $15 million, a fraction of the house’s original asking price of $35 million. He purchased the home in 1998 for around $6.5 million.

Cage has also sold his 11th-century Bavarian castle for $2.5 million, taking a $150,000 loss on the sale. In March he sold his Bath Regency townhouse, which he brought in 2007 for $5.8 Million, for $6.2 million. His $7.85 million Somerset castle is still on the market with a buy price of $5.8 million

In other Nick Cage news, the IRS has taken an interest in the actor. The federal agency claims Cage owes $6 million in unpaid taxes. He is also being sued for is also being sued for almost $2 million in credit debt.

Last week Cage filed a lawsuit for $20 million against his former business manager, Samuel Levin, alleging Levin’s bad investments put him in a “precarious” financial situation.

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