For decades, celebrities have been known to spend their riches on stuff we commoners may deem unnecessary. But maybe that’s just because we don’t earn as much, no? Either way, Warren Buffet would advise against haphazard spending simply because you’ve suddenly increased your earnings.
Despite the billionaire’s advice, some public figures just don’t seem to get it. Take Nicolas Cage for one. Given the success he’s had as an actor, would you in your wildest dreams ever have thought he could go broke? No one could!
Unfortunately, the actor is now bankrupt, and he only has himself to blame. His uncontrollable spending habits came back to haunt him, and he must be in deep regret reminiscent of the time when he was among the world’s highest-earning actors.
If he had gone broke by buying fancy cars and luxurious houses, it wouldn’t have been news. After all, most celebrities have lost everything by going down that road. For Cage, his money was spent on bizarre items, including a $150,000 pet octopus! Who on earth has an octopus for a pet???
The actor also spent $300,000 on a dinosaur skull, one he eventually lost after details emerged that it had actually been stolen. Cage seemed to have a thing for skulls, as the man also owned a bear skull that he accidentally broke.
And did you hear of the extravagant parties he used to throw at his mansion in Bel Air? When he didn’t want to dance the night away there, he’d ferry his friends to another location using his private jet, all expenses covered. They must have loved it, but who’s laughing now?
Irish singer Bono takes after Nicolas Cage in a way. Could his love for hats be clouding his judgement, or does he simply like being extravagant? The singer once had a hat he had forgotten flown to him, incurring costs of $1,200. Pretty sure a new hat would have cost way less!
Insurance is worth it, no?
Well, Rihanna isn’t that much of a spendthrift, but she’s also spent some huge chunks of money at a go. For starters, her legs are allegedly insured for $1 million!
Whoa – that’s an amount that would tempt you to break a leg for the payout, no? Not that we’re for defrauding insurance companies though! All on a light note!
This particular expense actually makes sense, since the singer’s legs are actually among her prized assets, coupled with her voice.
Without either, how could she have risen to the ranks of the richest performing artists in the world? And hopefully, you do know that she’s the richest female artist alive.
Emma Stone also has a funny finance-ish story, but it doesn’t involve her spending habits. We could say that for her, it’s even more of earning.
According to the multiple-award-winning actress, her late grandfather leaves her quarters around her house. Mind you, the two never met. But who are we to refute her claim?