Nicolas Cage can no longer afford to lord over his castle -- well, at least one of them.
The actor, who bought Germany's Schloss Neidstein in July 2006, has sold the castle because of the economy.
"Due to the difficult economic situation, unfortunately, I was no longer able to keep it," Cage told German celebrity weekly Bunte. "Even if Neidstein castle is no longer in my possession, it will always have a firm place in my memory."
Konrad Wilfurth, Cage's legal advisor in Germany, took the castle off the actors' hands, according to Cage's publicist. Though she refused to reveal how much Wilfurth paid, other media outlets report Cage sold the castle for $2.3 million.
In spite of the fact that Cage's latest movie, "Knowing," has brought in almost $60 million so far and was the No. 1 movie at the box office the weekend it opened, the actor can't cough up enough dough to maintain the 28-room castle, which boasts 10 bedrooms, five bathrooms and sits on a hill in the middle of 395 acres of Bavarian forest.
But the actor isn't so hard up for cash that he has to go without a residence fit for a king; he still owns Midford Castle in England, which he bought in July 2007.
Cage isn't alone. Hit by tough times and lack of opportunities, stars including Michael Jackson, Jodie Sweetin, Ed McMahon and Annie Leibovitz have auctioned their wares, sold their multimillion dollar homes or declared bankruptcy and foreclosure.
Willie Aames, former star of 1970s and '80s hit shows "Eight is Enough" and "Charles in Charge," joined the ranks of recession-hit celebrities last week, when he held a garage sale at his suburban Kansas City, Kan., home. Dozens of fans showed up Thursday to score a piece of Aames' TV memorabilia along with antiques, artwork and mounted deer heads.
Aames filed for bankruptcy last year, and his home is in foreclosure. The garage sale was his latest move to stay afloat.
He may still be the king of pop, but Michael Jackson doesn't have royal amounts of wealth to go with his title. Last year, he sold his famous Neverland ranch, and he was supposed to auction 2,000 items from the estate in April. The auction is currently in doubt, however, after Jackson filed a lawsuit earlier this month to halt the sale because he said he did not give permission to sell the items.
That may be because Jackson has a new payday set: a series of 50 concerts kicking off in London in July. Some 750,000 tickets sold out in four hours. Jackson reportedly stands to earn between $1 million and $2 million per show.
Former "Full House" star Jodie Sweetin is struggling to keep a house of her own. In November, the mom and former meth addict filed court papers detailing her crumbling marriage to Cody Herpin and the sad state of their financial affairs.
"Our house is in foreclosure, our water has been shut off twice. Currently, all of our other utilities are overdue," Sweetin said in papers filed Nov. 19 in an Orange County, Calif., court.
Sweetin, 26, said she kept the couple afloat financially with "Full House" residuals. They also received help from their parents. Sweetin filed for separation after 16 months because she claimed Herpin, who stopped working as a film industry driver after they married, wasn't keeping up his end of the bargain.
"[He] kept finding one excuse after another for his failure to even attempt to find employment," she said in court papers.