Nicolas Cage

Nicolas Cage and Christina Fulton began dating in 1988, but never married and eventually split up. Fulton claims Cage bought her a house at some point, but never transferred the title to her. In September, the actor reportedly served his ex-lover with a 60-day notice to move out so he could sell the house. Cage currently owes millions to the IRS and is suing his business manager, Sam Levin, for screwing with his money.

Pissed off about the whole house thing, Christina Fulton is now suing Nicolas Cage for a hefty $13 million. Fulton claims she was forced to give up her acting career to care for the former couple’s son and suffered “mental, physical and emotional abuse” at Cage’s hands. The suit does not include any details about such alleged abuse.

There is one thing Cage and Fulton do have in common. Fulton is also reportedly suing Cage’s former business manager, Sam Levin, for negligence which she claims caused her to owe more than $1 million in debt to the IRS.

Cage’s lawyer says the lawsuit from Fulton is “ridiculous and absurd.” In a press statement, he said “Nicholas has given her approximately $3 million every year for many years, even though he was only obligated to pay her $6,000-a-month in child support. We expect this lawsuit to be promptly thrown out.”

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According to reports, two of the actor’s homes will be going on the auction block in New Orleans. Nicolas Cage reportedly owes over $5 million in unpaid mortgage debt on the two properties. Cage will also reportedly be selling his grand estate in Southern Nevada near Las Vegas and several other properties. Even worse, Nicolas Cage allegedly owes over $6 million in back taxes to the IRS all the way back to 2002.

Cage claims his former business manager, Samuel Levin, led him “down a path toward financial ruin.” The Academy Award winning actor is currently suing Levin over the alleged financial mismanagement.

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“Levin placed Cage in numerous highly speculative and risky real estate investments, resulting in Cage suffering catastrophic losses,” the lawsuit states. “He is now forced to sell major assets and investments at a significant loss and is faced with huge tax liabilities because of Levin’s incompetence, misrepresentations and recklessness.”

Cage reportedly has a net worth of $38 million according to Forbes magazine and earned $40 million between June, 2008 and June, 2009. Just goes to show being rich and famous doesn’t mean you can’t be an idiot with money.

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