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How Nicolas Cage blew Sh16 billion fortune to end up broke

The actor, 56, has been the poster boy for blockbuster films since he launched his acting career back in 1983. Photo: Getty Images.

Nicolas Cage has been a local in Hollywood for years on end - but he ended up broke after blowing his millions. The actor, 56, has been the poster boy for blockbuster films since he launched his acting career back in 1983. From starring in film National Treasure to bagging a role in Snake Eyes, Nicolas Cage - real name Nicolas Coppola - soon put his name on the map. An accumulation of his lead roles in successful movies led him to become a multi-millionaire, with the actor at one point becoming a top earner in Hollywood being worth an eye-watering $150 million (around Sh16 billion). But sadly his fortune didn't last.

The actor managed to squander his millions away on a string of expensive and often eccentric purchases. His poor money management forced him to face foreclosure on several of his lavish properties. He also quickly became in debt, owing the Internal Revenue Service a whopping $6.3 million (Sh68 million) in property taxes in 2009. Soon, the global superstar had his back against the wall as he faced dire financial straits.

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