Nic Cage’s financial woes are getting even worse … His Bel Air mansion is on the auction block this AM, TMZ has confirmed.
The minimum bid, according to Active Rain, is $11,004,189. Cage owes more than $17 mil on the property, which he bought for around $6.5 million in 1998.
The house is a landmark. Prior owners include Tom Jones and Dean Martin.
Cage says his former business manager sent him into financial ruin. He’s suing the manager.
Full story: Nic Cage Loses Another Home | TMZ.com