Nicolas Cage has acknowledged that he only takes on acting jobs to pay off his obligations.

The Unbearable Weight of Massive Talent star recalled how the mid-2000s real estate market meltdown led to him accruing about $6 million (£4.8 million) in debt and unpaid taxes during an interview with 60 Minutes that aired over the weekend.

I made excessive real estate investments. I didn’t buy an octopus for $80 to make it so. I was unable to exit the situation in time when the real estate market fell, Nicolas recounted. “I reimbursed everyone, but it cost roughly $6 million. Never did I declare bankruptcy.

The actor said that landing roles in direct-to-video films kept him afloat during the “dark” years that followed the catastrophe.

“Work has always been my protector angel. Even though it wasn’t blue chip, the 59-year-old continued, “It was still work. “They know I’m not phoning it in, that I care every time, even if the movie is ultimately bad.”

By 2022, Nicolas had paid off all his debt.

“I still had to find something in them to be able to give it my all while I was shooting four movies a year, back-to-back-to-back… Some of them worked, such as the excellent (2018 action horror thriller) Mandy, but not all of them, he admitted to GQ magazine last year.


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