A one-man A.I.G.
Let us now bemoan the plight of Nicholas Cage. At $20 million bucks per picture, he’s struggling to stay afloat. He’s in financial peril because of the economic downturn — either that, or because he’s a profligate spender. In the long list of purchases detailed in this story, here’s something I don’t find: investments. They’re all expenditures. The difference between Cage and, say, Magic Johnson? The latter was always smart enough to invest in further income (laundromats, movie theatres, coffee shops, rental buildings, etc.). The former bought dinosaur skulls, European castles, exotic animals, and meteorites.
Thankfully, I don’t sense a bailout looming. Unless it’s in the guise of “National Treasure 3.”
November 7th, 2009 at 9:30 pm
Hey, you forgot he also bought a large collection of comic books. And has then slod them in the past year or so.