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Nicolas Cage Countersued By Business Manager

Posted by K.C. Morgan Categories: Movies, Legal Issues, Rumors, Where Are They Now?

Nicolas CageMovie star recently admitted to having some serious financial troubles, suing his business manager because of his missing funds. But the manager - Samuel Levin, CPA - has filed a countersuit against the actor.

Levin said that Cage “had already squandered tens of millions of dollars,” when he was hired, and that the National Treasure star owed “millions” in “income taxes, with no funds available to pay the tax debt.”

The countersuit claims that Levin told Cage he needed to make at least $30 million per year to continue living in his usual manner. Levin says that in 2007 alone, the actor purchased three homes for the sum of $33 million and twenty-two cars (nine of which were made by Rolls Royce), among other extravagant purchases.

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Read More | TMZ

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Johnny Depp Returns a Favor to Nicolas Cage

Posted by K.C. Morgan Categories: Movies, Charity, Rumors

Johnny Depp Nicolas Cage

This is actually a great Hollywood story, but only if you can stop asking “really?” in regard to Nicolas Cage’s financial situation. There’s a lot of gossip surrounding the issue. Cage alleges that his business manager failed to do his job, resulting in the actor owing six million to the IRS (ouch, right?). However, points to Cage’s spending habits. The man owns two islands and almost as many cars as Jay Leno, people.

But, sure, if you extract all that it’s a pretty good story. A-list actor , who evidently is better at managing his money, has decided to extend a helping hand. One movie star to another, right? As it turns out, Depp sort of owes his fame to Nicolas Cage (who owes his to Coppola, but that’s a different story).

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Read More | Perez Hilton

Jon and Kate, Minus Lots of Money

Posted by K.C. Morgan Categories: Television, Divorce, Legal Issues

Jon and Kate Gosselin

has filed papers against Jon…again. This time, the spiky-haired mom of eight says that her ex withdrew $230,000 from their joint bank account.

Jon says this is not true. “I’ve never taken any money out because over ten years, Kate handled all the banking,” he told The Insider. “I have withdrawn roughly $177,000 over the course of a year, which is less than 10 percent of what we made. That’s like my paycheck.”

Gosselin went on to add more to the story, however. “She’s hiding money,” he accused in the interview. “We have eleven bank accounts. This was just our joint account. She has a best-selling book. Where’s that million dollars?”

This divorce is just getting uglier all the time.

Read More | E! Online

Parade: Celebrities Earn 115 Times More Than You

Posted by K.C. Morgan Categories: Movies, Music, Rumors

Cash

Parade magazine will soon release a “What People Earn” issue which details the income earned by Hollywood’s elite for the fiscal year of 2008, a year which was extremely rough on the finances of many average Americans.

The issue reports that Jennifer Aniston earned a hefty $27 million, which trumps the paltry $2.25 mill raked in during 2008. Taylor Swift out-earned Brit with $5.5 million, which still pales when compared to Beyonce’s stunning $80 million in earnings.

So who’s the biggest star of them all, the top earner for the year 2008? Is it , Will Smith, Donald Trump? The winner, earning the most in the last calendar year, is Mattel with a whopping $3.3 billion. Barbie - still hot after all these years. Now, that’s star power.

According to the issue, celebrity salaries trump the average American’s yearly earnings by an extreme amount: the stars earn around 115 times more money than you do. Too bad about the recession - Barbie might’ve made it up to 4 billion on the year.

Read More | Parade

Did Heath Ledger Have Another Child?

Posted by Veronica Santiago Categories: Movies, Celebrity Babies, Rumors

Heath LedgerJust when you thought he could finally rest in peace…

Although ‘s passing happened over two months ago, the star is still garnering news…and he has his family to thank for most of it. 

After it was revealed that the star did not provide for his daughter, Matilda, in his outdated will, Heath’s father assured everyone that the 2-year-old would be taken care of.  Unfortunately, this announcement forced Kim Ledger’s estranged brothers to come out of the woodwork and cry foul.  Apparently Heath’s pop was previously accused of mishandling another relative’s estate when he was appointed overseer.

Now there’s the chance that another party could shake up matters a bit more.  A possible love child.

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Read More | Daily Telegraph

No More Neverland for Jackson

Posted by Robin Paulson Categories: Music, Legal Issues

Michael Jackson's Neverland RanchUnless fallen icon can pay off a $24.5 million loan by March 19th, the infamous Neverland Ranch will be auctioned off to the public.

On top of that, it’s not just the house that’s being auctioned off—it’s everything in and on the property, according to FOXNews.com. They report that Jackson may even let the Santa Barbara estate be sold, as he has not lived there for nearly three years.

Although has been giving Michael competition for the Most Mentally Unstable Celebrity Award, Jackson is still quite the oddball who just might fight at the very end to keep his beloved ranch. Then again, it could very well go in the opposite direction by falling into the hands of a very crazed fan. Some people are even speculating that it may even be best to leave as a museum, since Jackson’s international fan base is still very strong.

Read More | Fox News

Someone to Watch Over Britney

Posted by K.C. Morgan Categories: Music, Celebrity Babies, Meltdowns, Breaking News

Britney SpearsIt’s no secret that former pop star has had her fair share of troubles recently. She’s in a bitter with ex-hubby , she’s been admitted to the and she’s tragic media fodder. The latest reports say Brit will stay in the hospital for at least two weeks more, so now the whole issue has turned down a different path: who’s going to take care of Britney?

Father was given control over Britney (and her various assets) when she was hospitalized, but all that may change at a Monday hearing. A neutral party, or a different relative, may gain control, according to sources close to the situation. There is also another custody-related hearing scheduled for Monday, the latest in a long string of court appearances which determine which parent will parent Britney’s two children. Unfortunately, it seems right now Spears isn’t capable of taking care of herself.

Read More | AOL News

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