Nicolas Cage says he took 'crummy' film roles to repay $6 million debt after he 'over-invested in actual property' and acquired a number of castles and an island

  • Nicolas Cage mentioned he took “crummy” roles after he “over-invested in actual property” and misplaced cash.
  • “It wasn’t as a result of I spent $80 on an octopus,” he mentioned of his $6 million debt on “60 Minutes.”
  • The actor as soon as owned castles in Germany and England, in addition to a mansion in New Orleans.

Nicolas Cage has mentioned he took “crummy” film roles to repay $6 million in debt after he “over-invested in actual property” earlier than the market crashed within the late 2000s.

Talking on CBS’ “60 Minutes,” the Academy Award-winning actor spoke about how he acquired himself in — after which out of — hundreds of thousands of {dollars} of debt during the last decade.

The “Renfield” star mentioned that it was properties, which embrace castles in Germany and England, in addition to a mansion in New Orleans and a personal island within the Bahamas, not eccentric purchases resembling dinosaur skulls and pet octopuses, that racked up his hefty money owed.

“I used to be over-invested in actual property. It wasn’t as a result of I spent $80 on an octopus. The actual property market crashed, and I could not get out in time,” he mentioned.

“I paid all of them again, nevertheless it was about $6 million. I by no means filed for chapter.”

“That needed to be a darkish interval for you,” interviewer Sharyn Alfonsi mentioned.

Nicolas Cage during his "60 Minutes" interview.

Nicolas Cage throughout his “60 Minutes” interview.

CBS



“It was darkish, positive,” the ‘Moonstruck” actor responded, including that “work was at all times my guardian angel” and taking over three to 4 films a 12 months helped him get by way of the interval and repay the money owed.

Talking on the films he made throughout that point interval, a lot of which had been launched direct-to-video, he mentioned: “Even when the film finally is crummy, they know I am not phoning it in, that I care each time.”

“However there are these people which can be in all probability considering that the one good performing that I can do is the performing that I selected to do by design, which was extra operatic and, , bigger than life and so-called ‘Cage rage,’ and all that. However you are not gonna get that each time. “

The “Leaving Las Vegas” actor beforehand advised the New York Instances in 2019 that cash was a motivator within the tasks he was selecting.

“I am unable to go into specifics or percentages or ratios, however yeah, cash is an element. I’ll be fully direct about that. There is no motive to not be,” Cage mentioned on the time. 

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


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