Nicolas Cage has an estimated net worth of $18 million. The actor has a reputation as a tireless worker; these days, his work ethic may have something to do with the back taxes he owes the IRS.As tax troubles forced him to sell his sprawling Southern Nevada estate back in 2009.Cage is said to owe the IRS over $6.6 million in back taxes and other debts dating back to 2002.
In addition to the IRS debts, East West Bank alleges Cage owes $2 million for a loan that was extended in August. It should me noted, however, that that claim is separate from the IRS filing.Cage sued his former business manager of eight years, Samuel Levin, whom he says led him “down a path toward financial ruin.” He was forced to sell major assets and investments at a significant loss and was still facing huge tax liabilities because of Levin’s incompetence, misrepresentations and recklessness.”
Cage’s $10 million Las Vegas mega mansion is just one of the failed would-be investments.His similarly-priced Bel-Air home was also for sale, as well as his $12 million Rhode Island residence.
Earnings & Financial Data
|
Date |
Category |
Description |
Amount |
|---|---|---|---|
|
2012 |
Salary |
Salary from The Croods |
$1,000,000 |
|
2011 |
Salary |
Salary from Ghost Rider: Spirit of Vengeance |
$7,500,000 |
|
2011 |
Sale of Asset |
Earnings from the sale of his Action Comics 1 in an online auction which he bought for $110,000 in 1997 |
$2,160,000 |
|
2010 |
Salary |
Salary from Seeking Justice |
$12,000,000 |
|
2010 |
Salary |
Salary from Ghost Rider: Spirit of Vengeance |
$7,500,000 |
|
2010 |
Salary |
Salary from Trespass |
$7,000,000 |
|
2010 |
Salary |
Salary from Drive Angry |
$6,000,000 |
|
2010 |
Salary |
Salary from The Hungry Rabbit Jumps |
$12,000,000 |
|
2010 |
Sale of Asset |
Earnings from the sale of his Bel Air home |
$10,500,000 |
|
2009 |
Salary |
Salary from The Sorcerer’s Apprentice |
$12,000,000 |
|
2008 |
Sale of Asset |
Earnings from the sale of medieval castle of Schloss Neidstein in the Oberpfalz region in Germany he once owned |
$2,500,000 |
|
2008 |
Salary |
Salary from The Bad Lieutenant: Port of Call – New Orleans |
$2,000,000 |
|
2008 |
Sale of Asset |
Earnings from the sale of The LaLurie house and another New Orleans property |
$5,500,000 |
|
2007 |
Asset |
Value of the Gray Craig estate in Middletown, Rhode Island |
$15,700,000 |
|
2006 |
Asset |
Value of the historic LaLurie House on the corner of Royal and Gov. Nicholls St. in New Orleans |
$3,450,000 |
|
2006 |
Asset |
Estimated value of the Midford Castle near Bath, England |
$10,000,000 |
|
2005 |
Asset |
Value of his home in in Newport Beach, CA upon purchase |
$24,000,000 |
|
2004 |
Sale of Asset |
Earnings after selling his Malibu home |
$10,000,000 |
|
2003 |
Salary |
Salary from National Treasure |
$20,000,000 |
|
2001 |
Salary |
Salary from Windtalkers |
$20,000,000 |
|
2001 |
Salary |
Salary from Adaptation. |
$2,000,000 |
|
2000 |
Salary |
Salary from Captain Corelli’s Mandolin |
$7,000,000 |
|
1999 |
Salary |
Salary from Gone in Sixty Seconds |
$20,000,000 |
|
1998 |
Salary |
Salary from Bringing Out the Dead |
$10,000,000 |
|
1997 |
Salary |
Salary from Snake Eyes |
$16,000,000 |
|
1996 |
Asset |
Value of the used Lamborghini Miura SVJ, originally built for Prince Ali-Reza Pahlavi, the Shan of Iran |
$500,000 |
|
1996 |
Salary |
Salary from Face/Off |
$6,000,000 |
|
1995 |
Salary |
Salary from The Rock |
$4,000,000 |
|
1994 |
Salary |
Salary from Leaving Las Vegas |
$240,000 |
|
1987 |
Salary |
Salary from Vampire’s Kiss |
$40,000 |
|
1982 |
Salary |
Salary from Valley Girl |
$5,000 |