Celebs can’t always afford the fancy cars they drive
A lot of us are a bit envious of celebrities’ lifestyles and the fancy cars they drive, but it’s also true that celebs can get a little wrapped up in their money and forget that they don’t have unlimited resources.
Between 1996 and 2011 Nicolas Cage earned more than $150 million from acting alone, still, after years of extravagant over-spending on exotic cars he now owes the IRS millions of dollars. At its peak, Nicolas Cage’s garage contained dozens of high end luxury vehicles including nine Rolls Royces. He owned an extremely rare $500 thousand Lamborghini and a $1 million Ferrari Enzo, one of only 349 produced. Cage also owned 30 motorcycles.
There are loads more rappers, actors and stars that spend too much on cars, and find that they can’t pay all their bills by the end of the month, year… or lifetime! Some of these rapper celebs include Bow Wow, Xzibit, Lil Kim and Sean Kingston. During a February 2013 child support hearing, Bow Wow revealed to a judge that he only had $1500 in his checking account and his monthly income was just $4000. Less than a year earlier, Bow Wow’s $200,000 Bentley was repossessed and the IRS announced that the rapper owed six figures in back taxes.
Xzibit may know all about cars, but apparently he now doesn’t own one himself. The former ”Pimp My Ride” host owed nearly $1 million in back taxes as of 2010, and was leasing a 2006 Range Rover for which he can’t afford anymore.