LOS ANGELES (CBS) Nicolas Cage says he plans to pay back all of the $14 million that he owes to the Internal Revenue Service.

Why doesn t Nicolas Cage act?

Nicolas Cage used to be one of Hollywood's biggest stars. But due to a slew of bad decisions and unnecessary expenses, Cage found himself debt-stricken and stepped away from the limelight. Since then, he has mostly starred in indie films. But Cage has paid off all his debts now while also gaining a cult following.

Who owns the most expensive car in the world?

Shirley. The WeatherTech founder and CEO, David MacNeil became the latest member of the exclusive iconic car collector's club, and the owner of the most expensive car in the world, after biding $70 million for a Tour de France-winning 1963 Ferrari 250 GTO at auction.

How much did Nicolas Cage's Lamborghini cost?

After he fled the country during the Iranian Revolution, his cars were seized by the Iranian government. The SV/J was sold to a collector in Dubai during 1995. In 1997 this car was sold in a Brooks auction to Nicolas Cage, at US$490,000, becoming the model's highest ever price at auction. Cage sold the car in 2002.

Why does Nicolas Cage owe money?

Nicolas Cage, the Oscar-winning actor, has cited a real estate crash for his multi-million dollar debt. “I overinvested in real estate. The real estate market crashed and I couldn't get out in time," Cage said in an interview with “60 Minutes." “I paid them all back, but it was about $6 million.

How Nicolas Cage Spent $150 Million

Did Nicolas Cage not pay taxes?

Nicolas Cage

One of those hits was the 1995 film “Leaving Las Vegas,” where he played a suicidal alcoholic, a role for which he won an Academy Award. In 2009, he was hit with a lien of over $6 million by the IRS for delinquent taxes, interest and penalties, and received a separate lien for unpaid property taxes.

How much does Nicolas Cage make per movie?

At the peak of his career, Cage commanded an impressive $20 million paycheck for his roles. However, as reported by The Hollywood Reporter, following a career resurgence, his upfront fee has settled around $4 million per movie.

Is there a billionaire movie star?

Is there any actor who became a billionaire? Jami Gertz at $3 billion. Best known for 'Lost Boys' and the CBS comedy 'Still Standing'.

Who is the highest-paid actor?

Adam Sandler's four film projects of 2023 propelled him to an annual salary of $73m (£57m), making him the highest-paid performer in Hollywood, according to Forbes magazine.

What is Tom Cruise's net worth?

Key Takeaways. Tom Cruise has an estimated net worth of $600 million as of 2023, according to Celebrity Net Worth. Cruise's Mission: Impossible — Dead Reckoning Part One hit theaters on July 12, and earned close to $16 million at the box office on opening day.

How did Nicolas Cage pay off his debt?

Nicolas Cage says he took 'crummy' movie roles to pay off $6 million debt after he 'over-invested in real estate' and bought several castles and an island. Nicolas Cage said he took "crummy" roles after he "over-invested in real estate" and lost money.

Which billionaire doesn t pay taxes?

The ideal is to owe zilch. If that sounds impossible to achieve, just look at the leaked tax returns of the wealthiest Americans that nonprofit news site ProPublica analyzed in 2021: Over several years, billionaires Elon Musk, Jeff Bezos, and Michael Bloomberg, among others, paid no federal income taxes at all.

What actor didn t pay taxes?

Terrence Howard Ordered to Pay Nearly $1M in Federal Tax Evasion Case. The latest legal entanglement for the Oscar-nominated actor came after he told a DOJ official that it is "immoral" to tax the descendants of slaves.

How much money did Renfield lose?

Renfield, lost $60 million

With Nicolas Cage in fine scenery-chewing form as Dracula and Nicholas Hoult as his weary assistant Renfield, hopes were high for a funny, occasionally scary guilty pleasure.

What is Nicolas Cage's best movie?

What actor has been in the most movies?

How does Tesla avoid taxes?

“Companies are allowed to 'carry forward' excess losses to years with profits, with the old losses canceling out current earnings,” the report explains. That's how Tesla, which last year made $10 billion in profit on $96 billion in revenue, was able to pay no federal income tax.

How do ultra rich avoid taxes?

Who has paid the most taxes ever?

CNBC's Robert Frank reports on Elon Musk's tax bill which is the largest in history. Musk will pay a total of $12 billion for 2021. Frank joins 'Squawk on the Street' to discuss the details.

How much does Nicolas Cage owe in taxes?

Nicolas Cage Says He'll Pay $14 Million Debt to IRS; Finances in Ruin - CBS News.

Why did Nicolas Cage fall?

Making matters worse, Cage's financial struggles came after a string of box-office disappointments that significantly damaged his status as a top-tier actor. Lacking offers from Hollywood studios, Cage was forced to star in over twenty-five direct-to-video (D2V) movies to repay his debts.

What is Nicolas Cage doing?

Cage has appeared in several movies in 2023, from “Dream Scenario” to “Renfield” and “The Retirement Plan.” His upcoming releases include Oz Perkins' horror movie “Longlegs” opposite Maika Monroe.

What is Leonardo DiCaprio's net worth?

Hollywood A-lister Leonardo Dicaprio's investments are as diverse as his roles: He amassed a net worth of about $300 million mostly from his acting career and real estate portfolio and is also a climate activist who has put his wealth behind sustainable companies from plant-based foods to vegan leather.

What is Brad Pitt's net worth in 2024?

As of 2024, Brad Pitt's net worth is estimated to be an impressive $400 million, reflecting his exceptional talent, smart business decisions, and continuous efforts in the entertainment industry.