Nicolas Cage is Broke aka This Explains a Lot, Doesn’t it?

Nicolas Cage does, on average, 4 movies a year, and he’s usually got 4 more in the pipeline. You can usually count on 3 of the 4 ranging in quality from Godawful to “meh”, with one being slightly less awful; and in some cases, that one movie might even good. As it turns out, there’s a reason Nicolas Cage spends so much time on movie sets, and no, it’s not because hanging out with dirty hippies turned lowly grips is fun, though I suppose that’s a possibility as well. It could very well be that our main Nic Cage has something of a spending problem, and the pay, even for a crappy film, is too good to pass up. After all, those shrunken heads collection don’t collect themselves, you know.

The Daily Beast has a great article detailing Nic Cage’s spending spree over the years and his current financial situation. In a word: he’s broke. After reading the article, you don’t just understand why he’s in financial straits, you actually wonder how he’s managed to keep it all afloat all these years. Really, Nic? Not one, but two Bahamian islands? And a haunted house in New Orleans? Cripes, man.

As they tell it, Cage’s appetite was extreme even for Hollywood, with a decade-plus shopping spree that saw him snapping up houses, motorcycles, a jet, yachts, vintage and new cars, expensive watches, meteorites, dinosaur skulls, an enormous pet collection, massive amounts of jewelry for the women in his life, group vacations for his entire entourage, and on and on and on. “He lived like a sheik,” says one person who’s known him for several years. “Spent money like it was water,” says another.

Feel sorry for the poor guy? You probably won’t after you read this part:

There also was a dinosaur skull that Cage purchased in 2007 for $276,000 in a heated auction with Leonardo DiCaprio.

But it’s not all expensive diamonds and rare comic books for the movie star. Cage also gave $1 million to the Red Cross after Hurricane Katrina in 2005. And in 2006, he gave $2 million to Amnesty International.

Cage blames a lot of his problems on a wayward money manager, but let’s face it, the reality is probably simpler than that: Nicolas Cage has been wealthy all his life, grew up wealthy, and went straight to making millions to play pretend in front of a camera. The truth is, he never really had to grow up or bust his ass on a 9 to 5 job that he hates. I’m not castigating the guy, but if you think about it, it’s not all that surprising he wouldn’t understand the true value of a buck, isn’t it?

Of course, you know what this means. Bring on “Ghost Rider 2″, and “3”, and “4”…

Haunted mansion? Geez, what was I thinking?

Haunted mansion? Geez, what was I thinking?