Hollywood Celebrity Nicholas Cage
Nicolas Cage stunned by debt
Nicolas Cage has revealed he wanted to ''crawl up and hide'' when his financial situation escalated out of control, leaving him owing $6 million in back taxes.
Nicolas Cage has revealed he wanted to ''crawl up and hide'' when his financial situation escalated out of control, leaving him owing $6 million in back taxes.
The 'National Treasure' actor - who was forced to put several of his properties on the market to fund a bill for millions of pounds in unpaid tax - admits he was in shock about his huge debts and wanted to ignore them.
He said: 'The first thing you think is, 'This can't be true. I want to crawl up and hide at the end of the world.' '
Cage says he trusted his former manager Samuel Levin with his money and took his advice when it came to properties.
He revealed: 'With hindsight an inexcusable naivety, because buying these properties ruined me financially.'
However, Cage is determined to pay back all the money and has hired a new manager to help sort his finances.
Cage - who has a four-year-old son Kal-El with third wife Alice Kim and a 19-year-old son Weston from a previous relationship - told Germany's InTouch magazine: 'I have a new manager now, so I'm halfway there. And I will pay off all those debts, to the last cent.
'I have a responsibility for my sons and my wife. I have to get back on my feet.'
The extent of the 46-year-old star's debts were revealed last year, claiming he owed $6 million in back taxes from 2007.
It was also revealed Cage - who owns a jet, two yachts, three castles, two islands in the Bahamas and a number of mansions - once spent $276,000 on a 67-million-year-old dinosaur skull.
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