Nicolas Cage bought nine (nine!) Rolls-Royce Phantoms... and an island

Nicolas Cage is suing his former manager Samuel Levin for $20 million for gross negligence of his finances and for lining his own pockets at the actor's expense. Cage is moving to sue the former manager due to the actor's sudden cash crunch, which includes a boat load of debt and over $7 million in back taxes. But Levin has a story of his own to tell, and it involves excess on a scale that we can hardly imagine. According to Levin, the actor purchased a scad of really expensive stuff. Like a $7.5 million island in the Bahamas, 15 mansions, four yachts, a Gulfstream, 47 pieces of art and even nine Rolls-Royce Phantoms.
Now we can understand owning nine exotics, or even collecting hundreds of rare cars and storing them at the Burbank airport, but nine Phantoms? At least Reilly purchased a Ferrari with his National Treasure money. We're guessing Cage likes to have a Phantom just about everywhere he is, and since he owns an island and a bunch of mansions he probably has one parked in nine different garages. Regardless, we're having a hard time feeling too sorry for Cage, even if Levin is exaggerating. The actor makes about $20 million a film, so while all that excess sounds like a ton of money, we're guessing the actor can pay his tab with a couple more movie deals. Gone in 60 seconds part two, anyone?
[Source: The Sun]



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Reader Comments (Page 1 of 5)
Philmoney 1:15AM (11/27/2009)
aren't kids starving somewhere? little nickey "the compensator" cage with 9 rollers. that's just disgusting. take him for all he's worth, mr. government!
Reply
matthew 1:31AM (11/27/2009)
You're a brainless communist. Where will your looter mentality end America up at? I bet you shop at Wal Mart and in doing so, support the Chinese and Indonesian sweatshop labor.
Don't complain about starving children if you buy things made in China or other countries without labor laws or human rights.
What will the government do with his money? Use Obamanomics to spread the wealth(rob the productive to give to the non-prodctive) and bankrupt America? Oh wait, we're already trillions in debt to China. Too bad we can't file Chapter 11 as a country and get a bailout... oh wait who bails out the people who give bailouts? NO ONE.
The only thing that backs our dollar is nuclear weapons, not gold, and not production anymore.
Anyway, isn't the government doing a great job managing our finances? At least he was spending his money on things that aren't garbage made in sweatshops, like Rolls Royces.
If you think bureaucracy is going to solve the problems of the developing world, you're wrong. Stop exploiting children in other countries by demanding the cheaply made garbage that you buy at big box retail stores. Stop buying shoes made in sweatshops because you think that Nike or Reebok means something when it's stamped to the side.
The only thing that would save them from living in squalor is being set free from the slavery imposed on them, or by developing their own countries. This whole "everyone's a winner because we'll steal the winnings and spread it around" doesn't work.
And anyway, the places that have starving children in them are ruled by authoritarian governments that have governments that TAKE THEIR MONEY and prevent them from doing anything to better their quality of life. I guess that's what you want though, since you want the government to get money someone else earned, right? Same principle, but they're experiencing the end result. People who talk like you are the starting point of facism like that.
Communist China figured it out and is essentially promoting capitalism now, and they're doing much better than the socialist leaning US aren't they? They're building skyscrapers while our bridges collapse.
airchompers 1:34AM (11/27/2009)
@ matt
I'm concerned about poverty in China and Indonesia, so I buy goods made in those countries.
Assume these sweatshop people are rational. Why would these rational people work in a sweatshop? Because it's the best opportunity available to them. You had better believe that trade and the allure of profits has done more for mankind's standard of living than charity ever has.
why not the LS2LS7? 1:40AM (11/27/2009)
matthew:
http://www.freerepublic.com/focus/news/2280899/posts
You should go check out China, it's a lot of fun, Shanghai is a great town. I can't imagine you'd actually decide you'd want to live there, but there's only one way to find out though.
paul34 1:49AM (11/27/2009)
obvious troll is obvious.
ebleyes 1:50AM (11/27/2009)
Matthew, I think by Mr. Government he meant the IRS and if you think that Obamanomics is any different than Bushonomics or any presidentonomics before him then you are a fool and believe everything the idiots -who tricked you into putting your money in the big Ponzi scheme called Wall St.- say, and to display your ignorance further you chose China - the biggest state controlled economy in the world - as an example for capitalism...
Please don't spew the lies you hear from your propaganda machines you call news agencies here, and try to inform yourself on economics before trying to share your "opinions".
matthew 2:12AM (11/27/2009)
airchompers:
I'm more concerned with the US economy, since I live here.
You're doing a disservice to the global economy buying what you buy, not helping it. Buying a Rolls Royce does more good economically, through trade, than buying some slave-made Wal Mart garbage.
Most of the money doesn't go to the children but to their masters/owners, whatever you wish to call them. You'd do better to put their masters out of work, or boycott them to the point that they pay their sweatshop workers fairly, and then perhaps the quality would get better too.
Do you wonder why cars like Rolls Royce aren't made in places like China?
ebeleyes:
China has effectively taken America's spot as the place where things are manufactured. They're importing our money, and exporting their goods. Trade is supposed to be value for value to benefit both parties involved. The benefits are the profits. There's no profit to the US economy at large when you export money, and import garbage.
The CEO's of the companies who outsourced the labor to China live in nice houses, and drive nice cars, while the workers they laid off go on unemployment and cause the whole economy to collapse further. Do you really think that the people who make millions by outsourcing to China buy anything made in China? They know better than to be so stupid.
CEO pay scale has grown exponentially too. Why? Thanks to outsourcing. It's hard to compete unless you do it, and when you do, you drain a little more blood from the economy. It's a vicious circle of looting that ends up with money flowing out of one country and going to another.
You will change your tune when people in other countries are posting about how they ought to send canned food to "those starving kids in the USA".
ebleyes 2:48AM (11/27/2009)
@ Matthew... I'm sorry for calling you a fool,etc... I thought you were one of those contradictory hypocrites who claim they are fiscally conservative and then support every policy that is bankrupting the US. You know that everything is upside down and people are so brainwashed that they believe right is left and bad is good, and the politicians are bought and sold to the highest bidder that I don't expect any policy - no matter who is in power- to be good or effective.
matthew 4:31AM (11/27/2009)
ebeleyes:
No problem. My wording in the initial post was kind of unclear.
I think Ayn Rand said it best "contradictions don't exist. check your premises etc."
I don't know if humans will make themselves extinct or not, but the arrogance the vast majority eventually come to have when they become "adult"(lose the ability to think and have no desires of their own) leads me to believe that they will walk into the fire and deny that it's hot until they are consumed.
For me, it's black or white, no shades of gray. Contradictory people are always comfortable being gray. An illusion of neutrality that amounts to nothing.
Complex systems might have some underlying logic that makes a sine wave form, if you plotted it, of rise and fall. Maybe it's unstoppable that America falls like Rome did.
zamafir 11:26AM (11/27/2009)
@matthew - considering the only thing keeping us going right now is chinese money i'd wager it's a forgone conclusion.
matthew 1:03PM (11/27/2009)
zamafir: You always prove your ignorance with your uninformed commentary. You must be one of those people who talks so there's never silence, even though you've got nothing to say that's worth saying.
The Chinese aren't keeping US going anywhere except down the toilet. I thought you didn't live in the US anyway. What country are they keeping you going in?
What is your definition of money, by the way(and I don't mean a word for word cut and paste definition from some stupid website)?.
If you buy things made in China or India or Indonesia or Pakistan or any of those countries that make shoddy goods and have no labor laws, environmental regulations or quality control, not only will you be buying things made, as Bill Mahr put it "out of sticks mud and sh!t!" but you'll also be undermining our already crippled western economies.
The balance of power is shifting to the manufacturing nations. They're becoming rich, and the complacent, fat, bloated, hedonistic west is becoming decrepit in its decadence. It will soon go the way of the Roman Empire. They had vomitoriums, we've got iPhones and a glut of cheaply made goods that give everyone the illusion that they can live like the people on MTV Cribs.
If you think that the Chinese are buying trillions of dollars in US Treasury Bonds to help us out, you're an idiot. They're doing it because, when they want to, they can cash in our debt and repossess our country, since we'll owe them trillions.
The ONLY thing that backs the US dollar and most of the European nations is nuclear arsenals that we're dismantling, thanks to morons like Obama and the people who preach that we need to exist in a beige One World Nation where everyone is homogenized, and no one thinks.
The internet has already ceasd innovation in the youth of the world, the developing world has ceased our industrial capabilities, and military defense projects are being scrapped left and right.
Instead of putting money into the Space Program we're dismantling it, while the Chinese plan to land on the moon.
We've regressed. Thirty years ago, the west had Concorde, now we're cutting first class out altogether in some airlines with 60's era planes that are falling apart.
We used to have cars that were made well in America. Now we've outsourced Ford to Mexico, and GM is running on government welfare.
You used to be able to buy things made in the USA quite easily, now it's like going panning for gold in a desert wasteland. Even some US flags are made in China. That is just disgusting and unforgivable.
People really ought to wake up and realize what a sorry state of affairs they're in, and the REAL reasons why. Even if you are deluded, and preach your delusion in an attempt to make it true, it won't change the facts. The facts are readily apparent, but people pretend they're not what they are, because they want to continue living in an illusion. Bailouts and Wal Mart and welfare can't last forever.
P.S. Radiohead did a beautiful music video to a beautiful song that sums up what our decadence costs the children you enslave when you buy sweatshop junk. It doesn't show the cost on our end though, which will surely be awful when the bubble pops and Obama and the other western idiot leaders can't pump it up with their bicycle pump of bailouts.
http://www.youtube.com/user/radiohead?blend=1&ob=4#p/u/8/DV1hQSt2hSE
Eric Bandholz 2:15PM (11/27/2009)
@LS2LS7
http://mashable.com/2009/06/21/google-street-view-collapse/
Based on your logic New York would be just like Shanghai.
Chris 2:45PM (11/27/2009)
These comments are like the length of papers I wrote in high school!
I think Mr. Cage should be able to do whatever he wants with his money. After all, it is HIS money.
Krimson 9:30PM (11/27/2009)
"aren't kids starving somewhere?"
Yeah. They are. What are YOU doing about it?
denyacceptance 10:52PM (11/27/2009)
@why not the LS2LS7?
Why you linked to Freerepublic.com, that site has enough hate in it's walls that it would make a KKK Klansman blush.
Mike 1:15AM (11/27/2009)
Only a few explanations for such behaviour: isanity, idiocy, or ignorance. Or some combination thereof.
I've lost a bunch of respect for Nicholas Cage after this. Even if it was his manager's negligence, Cage is also negligent for not paying attention to his finances. Never trust anybody 100% when it comes to money.
Reply
Yaroukh 1:59AM (11/27/2009)
or a sclerosis
waiownsyou 3:19AM (11/27/2009)
http://img509.imageshack.us/img509/9541/msgnicbird.jpg
James 12:05PM (11/27/2009)
"Like a $7.5 million island in the Bahamas, 15 mansions, four yachts, a Gulfstream, 47 pieces of art and even nine Rolls-Royce Phantoms. .."
How Imeldific!!
dystroglycan 4:52PM (11/27/2009)
at least he's stimulating the economy