Francis Ford Coppola’s nephew had success in his blood. Although he played in many unsuccessful productions, which brought him nominations for the Golden Raspberry Awards, he was eventually awarded one of the most important statuettes in the industry – the Oscar for Best Actor in “Leaving Las Vegas”. Thanks to numerous engagements, he made a fortune, but he was incompetent in managing his estate.
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Award-winning and rich
Nicolas Kim Coppola spotted the name Cage in the Marvel comics. He studied acting from an early age at the American Conservatory Theater in San Francisco, and later under the guidance of the esteemed Peggy Feury. Since his debut on television in the production of “Best Times” in 1981, he has starred in dozens of films directed not only by his uncle, but also by other well-known artists, including David Lynch (“Wild at Heart”), Andrew Bergman (“Two Million Dollars Tip”), Michael Bay (“The Stronghold”) or Martin Scorsese (“The Dark Side of the City”). He has won the Toronto International Film Festival Award, the MTV Movie Award, the Golden Globe and the Oscar, and his own star has been shining in the “Walk Of Fame” since the late 1990s. No wonder he earned millions, but he lost his life’s achievements in a very short time.
In search of the Holy Grail
At the height of his fame, he squandered his money on quite unusual items. He bought, among others shrunken heads of the pygmies, collector’s edition of the Superman comic book for 150,000. dollars (Action Comics No. 1), a tomb, an octopus, a Lamborghini after the late Shah of Iran or… a 70 million-year-old dinosaur skull, claimed by the Mongolian government because it turned out to be stolen. However, the actor is of the opinion that they did not cause him financial problems.
What’s an octopus, $80? Buying octopus, you will not get into trouble.
he explained to the New York Times. Cage purchased 15 mansions, including in Las Vegas, and also came into possession of a deserted island in the Bahamas. The most impressive, however, are the European castles he owns, e.g. Neidstein Castle near Etzelwang in southern Germany worth $2.3 million, but also bought one for $10 million. Impulsive spending was linked to a period in which Cage “meditated three times a day and read philosophy books.” He wanted to find the mystical places he read about, and when he found them, he took them over. He spent $15.7 million on a country estate in Newport, Rhode Island.
It was like searching for the Holy Grail. You read a book and there’s a reference to another book, then you buy that book, and then you add more elements. For me it was about where is the grail? Is it here? I am reading? What is the Grail if not the Earth itself? I started following mythology and finding properties that were consistent with it.
the actor recalled. He also explained the investments as compensating for his humble childhood. “I used to take the bus to school and some of the older boys went to school in Maseratis and Ferraris,” he told the New York Times.
No remorse
In mid-2022, CNBC reported that the actor earned $150 million during his career, but he was heavily indebted. He owed the Treasury $6.3 million in property taxes. Although his entire fortune is now valued at “only” $25 million (exactly what his Newport Beach, California mansion is worth), he has no regrets about falling into debt and impulsive spending.
You have good investments and bad investments. Good investments stemmed from my personal interest and my sincere enjoyment of history.
He explained that among the good the aforementioned Superman comic.
Nicolas Cage is slowly catching up. He recently played himself in The Unbearable Burden of His Own Talent and in 2023 you can see him in the horror comedy Renfield.
Source: Gazeta
Bruce is a talented author and journalist with a passion for entertainment . He currently works as a writer at the 247 News Agency, where he has established himself as a respected voice in the industry.
