1. Nicolas Cage
Spent money like he discovered the Declaration of Independence.
Nicholas Cage earned more than $40 million in 2009. He spent all the money he made on mansions, private jets, cars. He had Midford Castle, a medieval castle and even an island in the Exuma Archipelago. Before he knew it, he amassed over $14 million in debt. $6.2 million was from the IRS, and he had to declare bankruptcy.
He sued his financial manager for negligence and fraud. He had to sell all of his assets to pay off his debt, and the money is slowly trickling back in again. We’re wondering if he’ll repeat the same mistake again.