HOLLYWOOD, Calif. — Nicolas Cage is liquidating several real-estate assets after word broke last month concerning the actor’s serious financial troubles.
Cage’s Louisiana homes in the French Quarter and Garden District will be auctioned off on Nov. 12, while other properties in California and Las Vegas have also been put up for sale.
In July, the U.S. government placed a tax lien on Cage’s vast real estate holdings because of $6 million in unpaid back taxes dating from 2007, the same year he starred in the blockbuster films Ghost Rider and National Treasure: Book of Secrets.
Last month, the Oscar-winning star filed a $20 million lawsuit against his former business manager, Samuel J. Levin, claiming the man’s advice led him into financial ruin.
Cage, who has yet to comment on his current woes, suffered another blow last week when his father, August Coppola, died from a heart attack. The literature professor was also the brother of filmmaker Francis Ford Coppola.
The 45-year-old Cage next stars in Bad Lieutenant: Port of Call New Orleans.
