Nic Cage's debt to be paid by Johnny Depp

Nov 13, 2009, 9:28 GMT

Among Cage\'s purchases were several yachts, a jet, a castle, over 50 cars, over $1 million dollars worth of comic books including Action Comics Number One which featured the very first appearance of Superman, several mansions including one in New Orleans (that may or may not be haunted), two Bahamanian islands, real shrunken heads, and a $500,000 Lamborghini once owned by the Shah of Iran. He also has dropped $276,000 on a dinosaur skull (reportedly out-bidding Johnny Depp), 2 non-malt liquor real King Cobras (Moby and Sheba) and a pet octopus. EPA/WARREN TODA

Johnny Depp has vowed to save Nicolas Cage from financial ruin.

The 'Pirates of the Caribbean' hunk was horrified to hear the actor has ran into difficulties over a $7 million tax bill and has pledged to support the 'Con Air' hunk through his plight because of the assistance he gave Johnny when he was first trying to make it in Hollywood.

A friend of the pair told Britain's Daily Express newspaper: "Johnny called Nicolas and basically told him not to worry and he'd help him and sort everything out.

"Johnny feels he owes his career to Nicolas and now wants to repay him - if Nicolas agrees.

"Johnny has never forgotten what Nic did for him."

Nicolas met Johnny over 20 years ago when the 'Sleepy Hollow' star was a struggling musician.

The 'Bad Lieutenant: Port of Call New Orleans' actor linked Johnny up with his agent, a move which eventually secured him his breakthrough role in 'A Nightmare On Elm Street'.

The Hollywood pair first met in the 80s when Johnny was a struggling musician.

Film star Nicolas saw Johnny's star potential and sent him to his agent, who got him a role in 'A Nightmare On Elm Street'.

Nicolas - whose films have grossed £3.9billion - is facing financial ruin after getting landed with his staggering tax bill and foolishly purchasing an assortment of pricey White Elephants.

He owes $7 million in back taxes from 2007 and is suing his former manger for bad financial advice.