Nicolas Cage sues business manager

By Alexandra Heilbron on October 19, 2009 | 6 Comments


nicolas_cageNicolas Cage has filed suit against his business manager Samuel J. Levin, claiming he “lined his pockets with several million dollars in business management fees while sending Cage down a path toward financial ruin.” Cage hired Levin in 2001 and since then, has been “forced to sell major assests and investments at a significant loss and is faced with huge tax liabilities because of Levin’s incompetence, misrepresentations and recklessness.” Cage, who earned an estimated $40 million in the past year, has put several of his homes on the market in order to pay his bills. He’s asking for $20 million in damages.

Tags:




Comments & Discussion

  1. L1feless • October 19, 2009 @ 10:56 AM

    I agree with this court case I hope he wins. I just hope that Nicolas has learned his lesson. Just because your rich doesn’t mean you can ignore your finances. I hope in future he demands more control of the decisions being made on his behalf financially.

  2. Nancy • October 19, 2009 @ 12:13 PM

    Well, judging by this Tributegirl, you were right, LOL. It still doesn’t add up though, as to why he is so far in debt…?? Last year he made double what he is suing this guy for so, I know it did contribute to his debt but, something is still not right.

  3. L1feless • October 19, 2009 @ 12:20 PM

    Nancy I agree with you as well. 20 Million only makes up for half of his income. I am not sure how income taxes work in the USA but I would assume the tax bracket he is in doesn’t pay 50 % of his income in taxes per year.

  4. tributegirl • October 19, 2009 @ 3:23 PM

    LMAO Nancy, it’s nice to be right once in awhile! But I agree, there is still something more going on.

  5. Tuddy • November 19, 2009 @ 2:19 PM

    I think Cage’s financial manager is doing somebody in wonderland. Ha! Nonetheless, Levin has been stealing Cage blind, and Cage should have never married 20 years younger like he did, even the kid don’t look like him. He’s been had.

  6. Moviefan • November 19, 2009 @ 2:37 PM

    Tuddy, the kid doesn’t look like Cage? That’s great news, Cage should be very thankful, I know I would be if I was the kid!


Join The Conversation:


Similar Articles

Family fun in The Croods: A New Age – Blu-ray review

February 23, 2021 | Leave a Comment

The Croods: A New Age is an entertaining and breezy ride for a little over an hour-and-a-half with zero lulls along the way. Check out the Blu-ray extras!


Nicolas Cage to play Superman in DC movie

March 15, 2018 | 24 Comments

Nicolas Cage is finally getting the chance to play Superman in a DC movie. He was cast in Tim Burton’s Superman Lives in the 1990s, but the movie was cancelled.


Nicolas Cage slept in Dracula’s castle

September 23, 2014 | Leave a Comment

Nicolas Cage spent the night in Dracula’s castle. According to the 50-year-old actor’s ‘Ghost Rider: Spirit of Vengeance’ co-star, Idris Elba, Nicolas opted to stay in the fictional vampire’s home to ”channel his energy” while the pair filmed the mo…


 Change Location