Celebrity Real Estate: Profits and Losses
Of all the celebrities, no one has suffered quite as much as Nicolas Cage, whose bad deals on the market have accumulated over $50 million in losses over the years. ($52.8 million, to be exact.) Among his biggest losses: selling his Bel Air Tudor mansion for $10.5 million, down $20 million from its listing price of $35 million, after it went into foreclosure.
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