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In October, 2009 it was reported that Nicolas Cage was indeed broke. In fact at that time Cage filed a $20 million lawsuit against his ex-manager, Samuel Levin, accusing him of negligence and fraud. Cage said that Levin led him "down a path toward financial ruin."
But perhaps it was Cage who put himself in this situation. According to several reports last year in The Daily Beast and The Hollywood Reporter, Cage has been a compulsive shopper for decades.
Some of the items that Cage reportedly indulged in over the years included a jet, a castle, over 50 cars, two islands in the Bahamas, a $500k Lamborghini once owned by the Shah of Iran, a dinosaur skull that he paid $276,000 for in a bidding auction war with Leonardo DiCaprio, and several yachts.
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“Ours is a world of nuclear giants and ethical infants. We know more about war than we know about peace, more about killing than we know about living. If we continue to develop our technology without wisdom or prudence, our servant may prove to be our executioner.” ― Omar Bradley (1948)
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