Nicolas Cage Remembers Being $6 Million In Debt

Nicolas Cage mentioned his $6 million debt load throughout an interview with “60 Minutes” on Sunday.

Sharyn Alfonsi spoke to the legendary actor concerning the roles he has taken all through his profession and his devotion to every one in all them. Regardless of his overwhelming success, Cage discovered himself $6 million in debt and defined how that happened — and the way he bought out of it.

“We needed to ask him about experiences that he blew by way of his fortune, shopping for unique vehicles, mansions across the globe, even a dinosaur cranium,” Alfonsi mentioned, in a voiceover. She then requested Cage straight if big-ticket purchases have been the reason for his monetary demise. “I used to be over-invested in actual property, it’s not as a result of I spent $80 on an octopus,” Cage replied.

Alfonsi rattled off a listing of luxurious properties as soon as owned by the well-known actor.

“Castles in Germany, in England , in Eire, a mansion in New Orleans, what’s that each one about?” she requested Cage.

He appeared again on his monetary struggles and matter-of-factly described the explanation he discovered himself in a troublesome state of affairs.

“The actual property market crashed, and I didn’t get out in time,” Cage mentioned.

He then defined that his onerous work and dedication bought him again on monitor once more.

“I paid all of them again, nevertheless it was about $6 million,” the Oscar winner mentioned.

He talked about the one factor he was adamant about: “I by no means filed for chapter.”

Alfonsi probed the actor as soon as extra.

“That needed to be a darkish interval for you,” she mentioned.

“It was darkish, positive,” Cage mentioned.

“Work was all the time my guardian angel. It could not have been blue chip, nevertheless it was nonetheless work,” he added.

Later within the interview, Cage elaborated on his monetary struggles and his unwillingness to fold by declaring chapter. (RELATED: Nicolas Cage Says Consuming Bugs ‘Might Resolve World Hunger’)

“However sure, it’s no secret that errors have been made in my previous that I’ve needed to attempt to appropriate,” he mentioned. “Monetary errors occurred with the actual property implosion that occurred, through which the lion’s share of all the pieces I had earned was just about eradicated. However one factor I wasn’t going to do was file for chapter.”