No.15: Nicolas Cage
Nicolas Cage is a popular Hollywood actor who has played a variety of characters on screen, but his personal finances were as dramatic as any movie role. He went on a spending spree, splurging on numerous mansions and luxury cars, and even outbidding Leonardo DiCaprio for a $276,000 dinosaur skull. As a result, he racked up massive tax debts and other financial obligations, landing him in serious trouble.
In 2009, it was reported that he was on the verge of bankruptcy, with a bank seizing several of his properties. However, he has since worked tirelessly, taking on an extensive number of film roles to pay off his debts. His financial troubles were widely covered by major outlets, including the Wall Street Journal. His story is a harsh lesson that even a top Hollywood star can fall from grace in an instant if they mismanage their money.
