Excessive profligacy and improper financial management led to heavy debts and even bankruptcy of Uncle Cage.

His former financial manager Levin once broke the news:

1. Nicholas Cage began to hire Levin as his property manager in 200 1. At that time, Nicholas had squandered nearly tens of millions of dollars in property and had not paid millions of dollars in personal income tax.

Levin warned Nicholas that unless he earned $30 million a year, he would make ends meet at this level of consumption.

Levin also persuaded Nicholas to stop profligacy and sell his dozens of mobile phones and comic book collections worth1600,000 dollars to fill the financial hole.

According to Levin, as Nicholas made a series of high-grossing movies, he himself became an "epoch-making spendthrift". It is reported that Nicholas bought three houses with the box office income of National Treasure in 2007, which cost more than $33 million. 22 private cars, including 9 Rolls Royce; 12 Precious jewels and 47 artworks.

Nicholas is also generous to his entourage, often spending a lot of money to take them out for holidays, and at the same time holding super-large parties in his own residence.

By 2008, Nicholas had bought 65,438+05 luxury houses, 4 yachts, an island in the Bahamas and a Gulfstream jet all over the world.

In recent years, due to debts, Uncle Cage has been hungry for movies and all kinds of bad movies besides selling real estate and real estate.