Yesterday was April 15 and hopefully as you read this right now you have filed your taxes and are looking forward to a big fat refund! Or at the very least, I hope you didn’t end up owing anything extra to the I.R.S. this year. One person who definitely knows what it feels like to owe a little bit of money to Uncle Sam is Nicolas Cage. Nick is unfortunately one of dozens of high profile celebrities who happen to be way better at acting or throwing a ball than they are at taking care of their personal finances. After years of extravagant over-spending, not only did Nicolas find himself owing the IRS $13 million, but he also managed to blow through a $100 million fortune.
I have to admit, Nicolas Cage is probably my favorite actor of all time. The Rock, Lord of War, Con Air, National Treasure, Raising Arizona, Leaving Las Vegas, Face/Off, Snake Eyes… I celebrate the man’s entire catalog. I realize that some of Nick’s movies can be perceived as slightly cheesy or even flat out bad, but you have to admit his movies are rarely dull. At the peak of his career, Nick was one of the highest paid celebrities in the world who pulled down as much as $40 million per year. Between 1996 and 2011 Nick earned more than $150 million from acting alone. He earned $16 million for Snake Eyes, $20 million for Gone in Sixty Seconds, $20 million for Windtalkers, $20 million for National Treasure… just to name a few.
Not surprisingly, as his income went up so did his spending habits. Actually, to be fair, as his income increased Nick’s spending habits SKYROCKETED. Between 2000 and 2007 Nick went on a spending spree that would make the Sultan of Brunei blush. During that time Cage made the following purchases:15 Personal Homes: Cage’s property portfolio included an $8 million castle in England that he plunged millions more into remodeling. He never spent a single night in the castle. He also bought a second castle in Bavaria, two multi-million dollar mansions in New Orleans, a $17.5 million palace in Bel Air, a $10 million Malibu beach house, a 24,000 square foot home in Rhode Island, a mansion in Las Vegas and a getaway property on Paradise Island in the Bahamas.
A Private Island: Apparently having a house on Paradise Island didn’t fill Nick’s penchant for the Bahamas because in 2006 he spent $7 million on a 40 acre private island 85 miles south of Nassau.
Four Luxury Yachts: Cage at one time owned four luxury yachts including one called Sarita that had 12 master bedrooms that was valued at $20 million.
A Fleet of Exotic Cars: At its peak, Nick Cage’s garage contained dozens of high end luxury vehicles including nine Rolls Royces. He owned an extremely rare $500 thousand Lamborghini and a $1 million Ferrari Enzo, one of only 349 produced. Cage also owned 30 motorcycles.
A $30 Million Gulfstream Private Jet
Other: Nearly 50 expensive works of art, dozens of jewels, a 67 million year old dinosaur skull, two extremely rare albino King Cobras.No Comments
When you are rich enough, it would be perhaps be a perfect match to have everything in a private collection, most of which would otherwise be public area? Whether it’s the homes and estates, the luxury yachts, or even private islands, the super rich will perhaps go the extra mile in order to flaunt and take into procession large rare portions of the earth, which other people who just dream of visiting in their lives. Now there is one such opportunity where the legendary German Formula 1 racetrack, called the Nurburgring, is up for sale for a private buyer. There is also news that there could be a serious discussion with a handful of interested parties, who are perhaps trying to work around the $161.39 million (€125 million) price tag of this famed circuit. Jens Leiser, the appointed liquidator also says that the ring could be sold in parts, or whole, and also that none of the parties in talks now are oil sheikhs or Russian oligarchs.
a typical street level ecstasy dealer can earn yearly profits of $480,000, a transporter takes home $2.4 million and a middle man makes $4.2 million A YEAR! Obviously if anyone involved in this ecstasy supply chain is caught, he or she risks a very long jail sentance. Not to mention that dealing drugs is can also be extremely dangerous, resulting in bodily harm or even death from rival dealers. So, now that you know the potential rewards, do you think dealing drugs is worth the risk?No Comments
“Papa John” Schnatter is experiencing a major public relations backlash this week after announcing that he will be forced to raise the price of pizza by 14 cents becausePresident Obama was re-elected. Regardless of your political views, if there’s one thing you do not mess with in America, it’s the price of our fast food. Furthermore, even if Papa John was so worried about ObamaCare hurting his business, he never needed to make such a big public stink. Today hundreds of websites and thousands of people across the nation are calling for a Papa Johns boycott which, if successful, will only hurt hard working employees in the long run. I want to be clear that I absolutely admire John Schnatter’s success, especially his a $600 million net worth. Not trying to take political sides with this article, I just don’t think anyone would have noticed the 14 cent price increase, so he should have kept quiet and continued making cheesy pizza and super cheesy commercials.
When Papa John Schnatter hosted a fundraiser for Mitt Romney earlier this year, the Republican candidate began his remarks by saying: “Who would’ve imagined pizza could build this? This is really something. Don’t you love this country? What a home this is, what grounds these are, the pool, the golf course…. This is a real tribute to America, to entrepreneurship.” If your house impresses Mitt Romney, the ultimate one percenter, you know it must be pretty awesome. To start, John Schnatter’s 40,000 square foot castle is located in a wealthy country club suburb of Louisville, Kentucky. The property is spread out over a 16 acre estate and as Romney mentioned, features several swimming pools, a private lake and a golf course. The guest house alone is 6000 square feet and is valued at over $7 million according to Zillow.com! Another interesting feature is the 22 car multi-level underground garage which has its very own “valet office”, car wash and a gigantic motorized turn table-driveway to help park stretch limousines.2 Comments
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