Nicolas Cage Broke, House Under ForeclosureBy Arnab Ghosh, Gaea News Network
Saturday, April 10, 2010
LOS ANGELES (GaeaTimes.com)- Hollywood actor Nicolas Cage is in trouble and amidst financial mess. The Oscar winning actor has lost his mansion in Los Angeles according to the latest reports. Strange as it may sound, the sprawling 11,817 square-foot mansion of the actor situated in Los Angeles failed to find a buyer in an auction. The mansion was put up for auction for $10.4 million, much less than $35 million, the price the actor wanted initially. The actor who is almost broke put the blame on his former business manager. A few months back, the ‘Con Air’ actor filed a $US20 million lawsuit against Samuel Levin, his former business manager. In exchange, Samuel Levin accused the actor of spending in excess.
The news of Nicolas Cage, the stalwart actor who has given Hollywood some real blockbusters, going broke can stun his fans, but it is not the first time he has got embroiled in a financial mess. A year back he had to sell another mansion in Germany. The house could not find a buyer and the real estate agents said that it is impressive for sure but not for everyone’s taste. It seems quite ironical that last year the actor was ranked as the USA’s 5th highest paid actor by Forbes.
The mansion of Nicholas Cage that went on auction has lavish furniture and amenities that one can only expect in luxury cruise liners or 5 star hotels. It has 35-seat home theater, nine bathrooms, six bedrooms and a huge swimming pool. The actor reportedly has several such mansions in several countries.