Nicolas Cage Loses Three California Properties


Nicolas Cage


After failing to auction off his Bel Air mansion and two homes in Malibu, California, the 'Ghost Rider' actor has now had to hand his properties to U.S. bank.

Three of Nicolas Cage's California properties have allegedly been repossessed by a U.S. bank after they failed to sell at auction. The Hollywood actor is currently selling off his property empire in a bid to settle his ongoing financial problems, and his Bel Air mansion, as well as two homes in Malibu, California went under the hammer on Wednesday, April 7.

All three properties were put up for auction with a minimum bid of $10 million each, but they failed to attract any buyers and ownership of the houses has now been handed to Cage's bank, according to TMZ.

The "Con Air" star is facing a massive $14 million tax bill and is currently embroiled in a legal battle with his former business manager Samuel Levin, who he has blamed for causing his money woes.

© AceShowbiz.com


MORE FROM NEWS

Leave a Comment

Required fields are marked with *

   

TODAY'S HEADLINES

  1. Jamie Foxx Dumps Katie Holmes Over Her Scientology Drama
  2. Robert De Niro Has a Blowout Fight With Wife Grace Hightower
  3. Kris Jenner Is Ready to Fight for Full Custody of Rob's Daughter Dream
  4. Khloe Kardashian Is 'Begging' Tristan Thompson to Propose
  5. Kylie Jenner and Tyga Make Out in Front of Son Cairo and Other Kids
  6. Karlie Kloss Flashes Major Sideboob as She Goes Braless at a Charity Event
  7. Prince Harry Plans to Move to the U.S. Once He Marries Meghan Markle
  8. Cheryl Shows Off Bulging Baby Bump as She Officially Announces Pregnancy
  9. Angelina Jolie Backtracks Her Comment After She's Warned to Stop Trashing Brad Pitt
  10. Kim Kardashian Suffers Nip Slip in Racy Corset Top

CELEBS PHOTO