When we talk about celebrities, we automatically assume that they are endowed with wealth that we can only dream of having ourselves. After establishing a reputation in the field in which they are employed, the vast majority of them have become not only well-known but also wealthy. However, the reality is that some celebrities do not maintain their status indefinitely. It’s possible that they’ve made poor financial decisions or that they’ve spent all of their money on the stupidest of pursuits. You’re going to be startled to learn that your favorite celebrities can’t afford to live a life of luxury any longer!
Nicolas Cage
What about the time it seemed like Nicolas Cage was in every new movie you saw? Do you recall that time period? Still, the National Treasure star ended up spending his riches on a Gulfstream jet, a private island, and exotic animals, according to reports. His impulsive spending has gotten him into a lot of trouble. He once owing the Internal Revenue Service $14 million in overdue taxes. On top of that, in 2009, his ex-wife slapped him with a $13 million dollar lawsuit. It didn’t help that a real estate company filed a lawsuit against him in the same year for failing to pay back his loans.