It’s not an exaggeration to call Nicolas Cage one of the greatest actors of our generation. A misunderstood genius, his eccentric persona on and off the screen is what makes him stand out from the rest of the pack. Throughout his career, the actor has pulled out several iconic performances in iconic movies, including the National Treasure series, Leaving Las Vegas, Face/Off, The Rock, Lord of War, and more, propelling his status as one of the pop culture idols.
With that being said, however, it seems like the one-time Hollywood great has fallen from the grace, especially in the last decade. He’s embroiled with a few legal problems, blew his $150 million fortune on bizarre spending, faced tax problems, and announced bankruptcy. In addition to that, a 2008 film marked an unfortunate turning point in his acting career. To sum it up, here’s what’s gone wrong with Nic Cage’s career and what’s next for the Hollywood great.
8 Nicolas Cage’s Films Were Insanely Popular In The ’90s & ’00s
Although he isn’t as popular now as he was back in the 1990s and the 2000s, Nicolas Cage was the man of Hollywood. He gained his first-ever Academy Award for Best Actor for his performance in Leaving Las Vegas back in 1995. During that period of time, the actor slowly transitioned into mainstream films and scored one box office hit after another including the cult classic National Treasure franchise.
7 When Nicolas Cage Bought A Stolen Skull Of A Dinosaur From Mongolia
With those many box office hits under his belt, surely, money will probably never be a problem for Nicolas Cage. Even after his excessive spending habits, he still scores an incredible net worth of $25 million according to Bustle. Throughout his career, Nicolas Cage has become known for some of the most eccentric purchases, including a Tyrannosaurus Rex skull for $276,000. Unbeknown to him, however, the fossil turned out to be a stolen item from Mongolia, and he had to give it back to the government.
“It was the skull I bought at an auction, and I bought it legally,” Cage recently told GQ. “Here’s the MacGuffin: When the Mongolian government said they needed it back, I gave it to them, but I never got my money back. So, somebody at the auction house should be in jail.”
6 Nicolas Cage’s Biggest Financial Mistakes
Nicolas Cage is no stranger to bad financial habits. He took things to the extreme as he’s known to have bought a whopping 20 expensive cars, including a Rolls-Royce Phantom, a Ferrari Enzo, and a 2001 Lamborghini Diablo. A huge and avid fan of Superman, he also bought the first comic ever issued of the character for $150k, in addition to another $3 million spent on a deserted island and a pet octopus that cost another $150k.
5 How Nicolas Cage’s Real Estate & Tax Problems Have Hindered His Career
Nicolas Cage’s financial issues amounted to a massive tax problem, and he was so close to filing for bankruptcy. In 2017, reports surfaced that he blew his 150 million fortune, owed over $6.3 million to the IRS and had to take almost every acting role to get out of debt – even if they are some of the worst movies of his career.
“I’ve got all these creditors and the IRS, and I’m spending $20,000 a month trying to keep my mother out of a mental institution, and I can’t,” Cage said about his debts, as noted by Variety. “It was just all happening at once.”
4 Nicolas Cage’s Legal Problems
Additionally, Nicolas Cage has faced a series of legal problems throughout his career. Back in 2009, his ex-girlfriend and the baby mother of his firstborn, Christina Fulton, sued the actor for $13 million, continuing his laundry list of financial nightmares. The case was settled in 2011, but in the same year, he was also arrested for suspicion of domestic abuse and public intoxication.
3 2008’s ‘Bangkok Dangerous’ Marked An Unfortunate Turning Point
Nicolas Cage’s 2008 action flick Bangkok Dangerous serves as that “one film that ruined an actor’s career” narrative of his volatile career. It was a big-budget movie with over $45 million in production funds, but it didn’t even manage to break even. As Reuters reported, the film “only” estimated three-day earnings of just $7.8 million. It was considered a massive flop, both critically and commercially, and served as the point that turned Cage’s career upside down.
2 Will Nicolas Cage Retire From Acting?
After a series of disappointing B-list films around 2014, many wondered if Nicolas Cage was ready to give up acting for good. However, the actor broke his silence during an interview with Entertainment Weekly in 2021 while promoting his film Prisoners of the Ghostland. He said, “I need a positive place to express my life experience, and filmmaking has given me that. So I’m never going to retire. Where are we now, 117 movies?”
1 What’s Next For Nicolas Cage?
So, what’s next for Nicolas Cage? The actor has been blueprinting his comeback for at least the past two years. His 2022 flick, The Unbearable Weight of Massive Talent, sees the actor portraying a satirized and fictionalized version of himself, and he’s not going to stop there. Despite its underperformance at the box office, The Unbearable Weight is a critical success and could become the movie that kickstarts a new saga in Cage’s career.
Next: How Nicolas Cage Became A Pop Culture Icon