‘I couldn’t get out in time’: Nicolas Cage remembers being $6M in debt after the real estate market crashed, made ‘crummy’ movies to survive — 7 of his craziest buys

Cage’s financial mismanagement and tax debts ballooned during the 2007-2009 financial crisis, leading to the loss of nearly all his properties. However, his hard work and dedication paid off, and he settled his debts without having to file for bankruptcy. Despite his financial woes, Cage has no regrets about his spending habits, saying that his purchases were based on his passions and interests.