After shedding tens of millions of {dollars} from his ardour undertaking, Megalopolis, he needed to promote one other one among his objects.
This time, it’s a personal island in Belize that Coppola, 85, often vacationed. The world, known as Coral Caye, consists of two.5 acres, is eight miles lengthy, is a 25-minute boat journey from the mainland, and is self-sufficient with water tanks and photo voltaic panels. For the final 9 years, the Godfather director has leased it, nevertheless, it offered for $1.8 million.
“Mr. Coppola was very unhappy to see his lease come to an finish,” Corcoran Group’s Peter McLean informed Mansion International. “He treasured his time on this island paradise and it was a particular place for him.”
This comes after the Oscar winner spent $120 million of his personal cash to make Megalopolis, which bombed on the field workplace, grossing $14.4 million worldwide. The image starred Adam Driver, Shia LaBeouf, Aubrey Plaza, Nathalie Emmanuel and Jon Voight.
Whereas debuting the movie on the 2024 Cannes Movie Pageant, the filmmaker spoke in regards to the costly manufacturing. “My youngsters, with out exception, have fantastic careers with no fortune. We’re advantageous. It doesn’t matter,” Coppola mentioned. “All of you right here: The cash doesn’t matter. What’s essential are the buddies. A pal won’t ever allow you to down. The cash could evaporate.”
Nevertheless, when he appeared on an episode of the Tetragrammaton podcast in March, Coppola revealed he’s broke. “I don’t have any cash as a result of I invested all the cash that I borrowed to make Megalopolis,” he mentioned. “It’s principally gone. I believe it’ll come again over 15 or 20 years, however I don’t have it now.”
Beforehand, the Apocalypse Now director additionally needed to promote his one-of-a-kind F.P. Journe watch, which was price no less than $1 million, to assist with his monetary loss.