Home / Arts and Entertainment / Coppola Sells Private Island in Belize After Megalopolis Flop Costs Millions
Coppola Sells Private Island in Belize After Megalopolis Flop Costs Millions
9 Nov
Summary
- Coppola sold private island in Belize for $1.8M after losing millions on Megalopolis
- Megalopolis, Coppola's passion project, bombed at the box office, grossing only $14.4M
- Coppola previously had to sell his $1M F.P. Journe watch to help with financial losses
In a surprising turn of events, acclaimed director Francis Ford Coppola has been compelled to sell his private island in Belize to recover from the financial losses incurred by his recent passion project, Megalopolis. The 85-year-old filmmaker had leased the 2.5-acre Coral Caye island for the past nine years, but was forced to part with this island paradise after the $120 million Megalopolis film bombed at the box office, grossing only $14.4 million worldwide.
Coppola's financial woes do not end there. Prior to the Coral Caye sale, the Oscar-winning director had to sell his one-of-a-kind F.P. Journe watch, valued at over $1 million, to help alleviate the burden of Megalopolis' disastrous performance. In a candid interview, Coppola revealed that he is currently broke, having invested all the borrowed money into the ill-fated project.
Despite these setbacks, the legendary filmmaker remains optimistic, stating that the money does not matter and that what truly counts are the friendships he has forged over the years. As he moves forward, Coppola's focus appears to be on weathering the storm and hoping for a resurgence in the coming 15-20 years.
