Nicolas Cage Blew Through His Massive Hollywood Fortune?

Nicolas Cage’s latest real-estate nightmare is putting renewed attention on the Hollywood star’s jaw-dropping history of spending.

The 62-year-old actor’s $10.5 million Malibu mansion was hit by a massive sinkhole this week, destroying the driveway and threatening the beachfront property as authorities evacuated nearby homes.

Cage bought the four-story, roughly 4,000-square-foot house in 2024.

On Tuesday, Sept. 8, the driveway suddenly collapsed, opening a sinkhole that grew to about 25 feet deep and roughly 30 feet by 60 feet wide by that evening.

A gas leak was also reported, prompting Malibu officials to declare a local emergency. Residents from 31 nearby properties were ordered to evacuate as emergency crews monitored the unstable area.

The collapse came while Southern California was being battered by high tides, powerful surf and flooding linked to Tropical Storm Marie.

Officials warned that additional rain and coastal erosion could make the situation even worse, while access to the neighborhood was severely limited.

For Cage, the disaster is just the latest chapter in a long and often unbelievable financial story.

At the height of his career, the “National Treasure” and “Ghost Rider” star reportedly built a fortune of about $150 million.

But years of enormous spending and tax problems eventually caught up with him.

By 2009, Cage reportedly owed the IRS around $14 million in back taxes.

And what he spent his money on was anything but ordinary.

Cage reportedly shelled out hundreds of thousands of dollars on exotic animals, including two albino king cobras named Moby and Sheba, a two-headed snake named Harvey and an octopus he once said helped him with his acting.

His animal collection also included a Maine Coon cat named Merlin, turtles, fish and a talking crow named Huggin.

Then there were the cars.

By 2004, Cage reportedly owned 30 motorcycles and nine Rolls-Royces. His collection also included a rare Lamborghini Miura SVJ originally built for the late Shah of Iran.

His obsession with unusual collectibles became just as famous.

In 1997, Cage paid around $150,000 for a copy of Action Comics No. 1, the comic book that introduced Superman.

The comic was stolen in 2000, only to turn up more than a decade later inside a California storage locker.

Cage eventually sold it for nearly $2.2 million.

He also paid $276,000 for a Tyrannosaurus Bataar skull. The actor later surrendered the fossil to Mongolian authorities after investigators determined it may have been illegally taken from the country.

Real estate was another major drain on his fortune.

Cage once reportedly owned as many as 15 properties around the world.

In 2006, he bought Leaf Cay, a 15-acre private island in the Bahamas, for $3 million.

He also purchased Neidstein Castle in Germany for around $2.3 million and Midford Castle in England for a reported $10 million.

Then came one of his most infamous purchases.

In 2007, Cage bought the historic LaLaurie Mansion in New Orleans for $3.4 million. The property is notorious for its dark history and longtime reputation as one of the city’s most haunted homes.

His portfolio also included a $25 million waterfront mansion in Newport Beach, California, and an $8.5 million property in Las Vegas.

And the spending did not stop with houses.

Cage reportedly bought a $20 million Gulfstream private jet and a $20 million superyacht.

Despite his financial collapse, Cage refused to stop working.

After his money troubles became public, he appeared in more than 46 movies, taking role after role as he worked to rebuild his finances and pay down his debts.

His critically praised performance in the 2021 drama “Pig” helped revive interest in his career, while “The Unbearable Weight of Massive Talent” saw Cage play an exaggerated version of himself.

Cage has since said that he paid off his debts.

His fortune, however, is now reportedly closer to $20 million — a fraction of the massive wealth he once controlled.

Now his multimillion-dollar Malibu home is caught in yet another crisis, with officials continuing to monitor the expanding sinkhole and unstable stretch of coastline.

For a star whose career has included castles, cobras, private islands, dinosaur skulls and luxury jets, even a giant sinkhole somehow feels like another dramatic chapter in the wild financial life of Nicolas Cage.