Francis Ford Coppola Sells His Belize Island for $1.8 M After ‘Megalopolis’ Financial Loss

After losing countless dollars from his enthusiasm job, Megalopolis, he needed to offer another among his things.

This time, it’s a personal island in Belize that Coppola, 85, often vacationed. The location, called Coral Caye, includes 2.5 acres, is 8 miles long, is a 25-minute boat trip from the mainland, and is self-dependent with water tanks and photovoltaic panels. For the last 9 years, the Godfather director has actually rented it, nevertheless, it cost $1.8 million.

” Mr. Coppola was really unfortunate to see his lease pertained to an end,” Corcoran Group’sPeter McLean told Mansion Global “He cherished his time on this island paradise and it was an unique location for him.”.

This follows the Oscar winner invested $120 countless his own cash to make Megalopolis, which bombed at package workplace, earning $14.4 million around the world. The image starred Adam Motorist, Shia LaBeouf, Aubrey Plaza, Nathalie Emmanuel and Jon Voight.

While debuting the movie at the 2024 Cannes Movie Celebration, the filmmaker discussed the pricey production. “My kids, without exception, have fantastic professions without a fortune. We are great. It does not matter,” Coppola stated. “All of you here: The cash does not matter. What is very important are the pals. A buddy will never ever let you down. The cash might vaporize.”

Nevertheless, when he appeared on an episode of the Tetragrammaton podcast in March, Coppola exposed he’s broke. “I do not have any cash due to the fact that I invested all the cash that I obtained to make Megalopolis,” he stated. “It’s essentially gone. I believe it’ll return over 15 or twenty years, however I do not have it now.”.

Formerly, the Armageddon Now director likewise needed to offer his distinctive F.P. Journe watch, which deserved a minimum of $ 1 million, to aid with his monetary loss.