Nicolas Cage blames real estate crash on being mired in debt of millions
Nicolas Cage has blamed being millions in debt on a real estate crash. The 59-year-old has been at the centre of reports he had blown his $150 million fortune, owed the IRS $6.3 million in property taxes and was taking every acting role he could in order to get out of debt, and has now stressed he never filed for bankruptcy amid his financial struggles. He told CBS’ ‘60 Minutes’ about working his way out of debt: “I was over-invested in real estate... the real estate market crashed, and I couldn’t get out in time. “I paid them all back, but it was about $6 million. I never filed for bankruptcy...