Kevin Bacon once had a net worth over $100 million, however, following a Ponzi Scheme, the actor saw his fortune completely plummet. Credit to Bacon, as his net worth is charging back up these days, however, it is nowhere near the $100 million he once had, prior to his failed investment with Bernie Madoff.
In the following, we’ll take a look back at how it all went down between Kevin Bacon and Bernie Madoff. Despite losing millions, and almost his entire net worth, the actor managed to keep an optimistic approach.
We’ll highlight everything the actor has said about the financial disaster, while revealing how much he has in the bank these days.
Kevin Bacon Was One Of Bernie Madoff’s Many Ponzi Scheme Victims
Kevin Bacon was far from the only one to be implicated into Bernie Madoff’s Ponzi Scheme. There were over 40,000 victims, while $4 billion of the money was given back to those affected by the scam.
Bacon was among them, who admitted that the situation seemed to be too good to be true. He tells the Smartless podcast, “There’s obvious life lessons there,” Bacon said. “If something is too good to be true, it’s too good to be true.”
In total, it is said that Madoff’s scam totaled $65 billion… Despite losing his huge fund, Bacon didn’t expect any sympathy.
“I think people will be not happy to hear me whining about money,” he said.
Ultimately, Bacon refused to take a sour approach and courageously, the actor stepped it up and saw things differently, while others, certainly would not have.
Kevin Bacon Refused To Get Angry And Took A Positive Approach After Losing His Net Worth
Kevin Bacon saw things differently. According to the actor, coming out of the situation, there were people in far worse situations. Like for example, older people who needed the funds for their retirement plans.
Bacon refused to get angry, “Certainly, you get angry and stuff, but I have to say, there were a lot of people who were much worse off than we were – old people, people whose retirement funds were completely decimated,” Bacon continued on the podcast.
“So there’s always going to be somebody that’s going to have it a lot worse than you.”
So what was next for Bacon? Looking at the positives, especially the fact that his family was completely healthy. The actor picked himself up and went back to work.
“When something like that happens, you look at each other and you go, ‘Well, that sucks and let’s roll up our sleeves and get to work.’ We’ve made it this far, our kids are healthy, we’re healthy, you know? Let’s look at what we have that’s good. We can still both work.”
For what it’s worth, Bacon got back a huge chunk of what he had lost, down the road. In addition, Madoff was sentenced to 150-years in prison for the crime, though he passed away in prison in 2021 at the age of 82.
Kevin Bacon Is Back On His Feet With A Net Worth Of $45 Million In 2022
The fire still burns in Kevin Bacon. Despite the disaster that took place, the actor remains extremely busy in the world of Hollywood, while bringing his net worth way back up to $45 million.
According to Bacon, his outlook is simple, if he likes part, filmmaker and script, he’ll take on the role. “It’s really about the part, the filmmaker, and the script,” he says. “It’s about the opportunity to continue to do what it is that I’ve learned to do through the years,” he tells NME.
As far as the acting credits go, Kevin Bacon had several roles in 2022, both on TV and in film. Those roles included North Star, Space Oddity, They/Them, One Way and City on a Hill. The actor has four other roles in the post-production phase as well, including The Guardians of the Galaxy Holiday Special.