Online Rumor About Nicolas Cage’s Ferrari Ban Cannot be Further From The Truth

Nicolas Cage and team summarily dismissed claims that the actor had received a ban from Ferrari for selling his car at a low cost.

Online Rumor About Nicolas Cage's Ferrari Ban Cannot be Further From The Truth

SUMMARY

  • Nicolas Cage was rumored to have faced a ban from buying any more Ferrari cars as he had reportedly sold his Ferrari Enzo at a very low cost due to financial debt.
  • The company allegedly believed that the actor had devalued their brand with his action.
  • While Cage did sell his car, his team publicly confirmed that the rumor about Ferrari banning him is completely false.
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Nicolas Cage can be termed an actor for all seasons. The Hollywood veteran has covered the gamut of genres with impressive performances in action films, comedies, and dramas. His blockbuster presence coupled with his powerful acting skills earned him the Best Actor Oscar for Leaving Las VegasCage also made a mark as a Marvel superhero in Ghost Rider.

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Nicolas Cage
Hollywood star Nicolas Cage ( image: Wikimedia Commons)

Last year, the actor revealed in an interview with 60 Minutes that his professional life took a major setback due to the real estate crash which saw him losing a huge amount of his career earnings. Cage was also rumored to have sold his coveted Ferrari Enzo to cover his debts for which he reportedly received a ban from the car company. But it has now been proven that this speculation is completely false as confirmed by the actor’s team.

Nicolas Cage’s Team Denies Claims Of The Actor Receiving A Ferrari Ban

While Nicolas Cage has seen massive highs in his glittering career, he has also seen his share of lows. In an interview with 60 Minutes in 2023, the Oscar winner admitted to having faced huge challenges following the real estate crash in which he lost a significant amount of his earnings. Revealing a debt of almost $6 million, Cage nearly filed for bankruptcy.

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Nicolas Cage
Nicolas Cage in Leaving Las Vegas

To pull himself out of this period, the Leaving Las Vegas star moved to tax-friendly Las Vegas and made multiple movies a year, many of which were below par by his own admission. Ultimately, his efforts paid off and the actor saved himself from a huge debacle.

Among the various speculations that were floating around about Cage’s financial status, one rumor indicated that the Ghost Rider actor reportedly sold his precious Ferrari Enzo at a much lower cost to cover his debt. Reports also suggested that Ferrari executives were displeased with Cage’s decision as it devalued their brand, and allegedly placed a ban on him from buying another one of their cars in the future.

While the star did sell his car, it has been confirmed that his monetary predicament at the time was not the cause for the action. Cage’s team stated in no uncertain terms, that this rumor was completely false and that they were aware of no such ban that the actor received from Ferrari.

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Meanwhile, the actor’s fans were thrilled to get a glimpse of their favorite star in a small cameo as Superman in 2023’s The Flash. Cage is continuing to prove his versatility with many interesting films in the pipeline including two action horror thrillers, Arcadian and Longlegs.

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Written by Sharanya Sankar

Articles Published: 1033

Sharanya Sankar, Writer for Fandomwire
Having completed her Masters degree in Journalism and Mass Communication, Sharanya has a solid foundation in writing which is also one of her passions. She has worked previously with Book My show for a couple of years where she gained experience reviewing films and writing feature articles. Sharanya’s articles on film and pop culture have also been published on Film Companion, a popular film-based website. Apart from movies and pop culture, her interests include music and sports. She has contributed over 650 articles to Fandomwire so far.