Nicolas Cage’s money trouble just got worse.
Cage, 45, is now being sued by his former business manager Samuel J. Levin .
In October Cage sued Levin for fraud, saying that Mr. Levin led him “down a path toward financial ruin.”
In his countersuit filed on Nov. 12, The Levin said he told Mr. Cage he would need to earn $30 million a year to maintain his life style, and that he warned the actor not to buy castles in England and Bavaria. (Mr. Cage did not heed the advice.).
“[Cage] knows that his losses are entirely and solely the result of his own compulsive, self-destructive spending, which he engaged in against Levin’s advice,” People magazine quoted the complaint as stating.
Levin contends that in 2007 alone the actor purchased three homes worth more than $33 million, 22 cars, 12 pieces of expensive jewelry and 47 pieces of artwork. Within a year, Cage’s tally of homes had reached 15. He also owned an island in the Bahamas, four yachts and a Gulfstream jet.
Levin also claims in the suit that Cage owes him $128,872.98 in unpaid service fees.
Cage has appeared in over 60 movies throughout his career.
According to CNN, Nicholas Cage who owes $6-million to the IRS also owed $5.5 in mortgage payments for two homes he owned in New Orleans, as well as $151,730 in real estate taxes to the city.
Both homes have now been lost to foreclosure.
Cage’s New Orleans homes that went on the auction block last week were the supposedly haunted LaLaurie Mansion at 1140 Royal Street in the French Quarter and a home at 2523 Prytania Street in the Garden District. The French Quarter home, appraised at $3.5 million, sold at $2.3 million, while the Garden District property, appraised at $3.3 million, sold for $2.2 million. Movers reportedly removed Cage’s belongings from the homes on Friday, People.com says.
Cage has filed a lawsuit against his former business manager in an effort to recoup some of his loses.
Cage, 45, has appeared in over 60 movies.