How Kevin Bacon Bounced Back After Losing His $100 Million Net Worth
Kevin Bacon has a career spanning over Forty years, without a sign of his herbal performing abilities diminishing. From teen comedy Footloose to the harrowing drama Mystic River, he is likely one of the absolute best stars of his generation. As a extremely acclaimed actor, he accumulated a limiteless amount of money and was once worth a whopping $100 million.But Hollywood stars are not immune to going broke, and unfortunately Bacon is one of many stars who misplaced a fortune due to a Ponzi scheme. Thankfully, the celebrity has now bounced back after a grueling decade: here is how Kevin Bacon did it.Updated on November 21, 2022: Kevin Bacon has been busy in Hollywood this 12 months. Not handiest does he superstar in 3 motion pictures, one quick, and a tv series that released any other season this year (City on a Hill), however there also are 4 productions of which he was once cast which are in quite a lot of stages of manufacturing, including the Guardians of the Galaxy upcoming Holiday Special. This 12 months he has also labored as a producer on three tasks.
10 How Did Kevin Bacon Lose All His Money?
Kevin Bacon is related to the sport "Six degrees of Kevin Bacon," which argues that any actor can be linked to Bacon in 6 steps or much less due to his impressive filmography. How ironic, then, that Bacon was on the middle of Bernie Madoff's Ponzi scheme.
Madoff tricked purchasers via paying profits to earlier buyers with cash invested by means of the latest backers. Accordingly, Bacon and his spouse, Kyra Sedgwick, lost millions to the scheme in 2009.
9 The Road To Recovery Was Rocky
Left destitute by means of the Ponzi scheme, Bacon struggled to recover from the cataclysmic loss; But he tried to appear at the bright side regardless of losing the whole lot.
"It was a bad day. But pretty quickly we were able to see all the things we had as opposed to whatever we lost, and those are the biggest clichés: children, health, love, a nice home." he told The Guardian, adding, "I don't think about Madoff, like, at all."
8 Kevin Bacon Found Himself In British TV Ads
In an effort to make some much-needed money, Bacon started doing TV ads in the U.Okay. British audience were surprised to peer the Hollywood A-lister in ads for cell phone network EE in 2012, and he has endured to megastar within the TV ads ever since.
7 Kevin Bacon Landed A Role In The MCU
These days, one of the most perfect tactics to bop back as an actor is to safe a task in the Marvel Cinematic Universe. Accordingly, Bacon starred in 2011's X-Men: First Class as super villain Sebastian Shaw. The film grossed over $353 million at the box office, despite the fact that he hasn't returned for his role in any next X-Men films.
6 Which High Grossing Movie Helped Him Recoup His Losses?
That similar year, Bacon featured in the romantic comedy Crazy, Stupid, Love along Steve Carrell, Ryan Gosling, and Emma Stone. As with lots of his roles, Bacon performs the principle antagonist of the movie, which he does so smartly! The flick used to be a box place of work hit, grossing $145 million towards the cheap of $50 million, so Bacon likely won a mighty paycheck for his role, which surely contributed to regaining the thousands and thousands he lost years prior.
5 Kevin Bacon Began To Venture Into Television
In 2013, Kevin Bacon ventured into tv with a starring role at the Fox crime sequence The Following. Unfortunately, the reaction to the show used to be blended, and it ran for 3 seasons before being canceled. While critics praised Bacon's performance, they have been much less captivated with the farfetched plot units.
"Dear Kevin Bacon, you can stop all this. You can just say you're not going to film any additional episodes of The Following, and I'm pretty sure Fox would have to let the show go. Say you want to spend more time with your family," wrote TV.com.
4 Kevin Became The Egg Spokesman
Kevin Bacon is now the official spokesman for eggs. Yes, in reality. In 2015, he was appointed the spokesman for the U.S. egg business. This marks the primary time a star has been enlisted to lend a hand sell eggs.
It's a good move for Bacon; not handiest do the commercials help to re-popularize his image following the Madoff scandal, however in addition they exhibit his amusing aspect (seeing as he routinely performs brutes on display screen). Not to mention, his last name form of goes hand-in-hand with eggs, taking into consideration the 2 pair nice for breakfast.
3 Amazon Prime Video Helped Kevin Bounce Back
Amazon Prime Video is at all times a useful gizmo for stars looking to jump back. Look no further than fellow broke celebrity Gary Busey, who may also be noticed in Amazon's unique Gary Busey: Pet Judge.
In 2016, Bacon starred in I Love Dick, which is fairly much less foolish than Gary Busey's display, in spite of its provocative identify. The display was once created by means of acclaimed Transparent author Joey Soloway, and Bacon stars as a charismatic educational who captivates a married lady.
2 Kevin Bacon Received A Pay-Out
In 2017, nearly a decade after he used to be defrauded, Kevin Bacon gained a sufferers' pay-out along the other cheated buyers. Having stolen an estimated $64.8 billion from investors, Bernie Madoff's mission was the biggest Ponzi scheme in historical past.
However, Bacon may not be receiving all the cash he misplaced; at maximum, he can be expecting to recoup 75% of his losses, although the figure is most likely less than that.
1 Kevin Bacon's Net Worth Is $45 Million
After all his monetary struggles and makes an attempt to bounce back, Kevin Bacon nonetheless hasn't been in a position to regain his $100 million net worth. However, he now has a net worth of $45 million, which is definitely nonetheless impressive, even supposing it is a mere fraction of what he once had.
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