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Kevin Bacon Lost a Fortune in Madoff's Ponzi Scheme; What's His Net Worth Now?

The couple suffered losses worth tens of millions of dollars with many estimating their total loss to between $30 and $40 million.

BY DEEP DAS BARMAN

PUBLISHED SEP 12, 2023

Kevin Bacon at the 72nd Writers Guild Awards | Getty Images | Photo by Dominik Bindl

Name	Kevin Bacon
Net worth	$45 million
Salary	N/A
Annual income	N/A
Sources of income	Acting
Date of birth	8 July 1958
Age	65 years
Gender	Male
Nationality	United States of America
Profession	Actor/Musician

Actor and musician, Kevin Bacon has an estimated net worth of $45 million, as of August, as per Celebrity Net Worth. This is a combined estimate along with his wife, Kyra Sedgwick, who is also a renowned actress. Bacon is best known for his role in the smash hit “Footloose” (1984). Since then he has played a range of roles winning countless awards over the course of his long career.

Kevin Bacon poses for a portrait | Getty Images | Photo by Bonnie Schiffman

What are Kevin Bacon's sources of income?

Bacon pocketed a salary of $500,000 for his role in the 1990 horror comedy “Tremors”, as per The Richest. Further for one of most famous appearances in “Footloose” Bacon was paid over $1 million. For the film “A Few Good Men”, Bacon received a salary of $650 thousand. However, his major paycheck came from the film “Sleepers” for which he was paid $2.5 million as per Celebrity Net Worth.

Here's how much Kevin Bacon lost in Bernie Madoff’s Ponzi scheme

Bacon and his wife Kyra had a significantly larger fortune before they fell prey to Bernie Madoff’s infamous Ponzi scheme. The couple suffered losses worth tens of millions of dollars with many estimating their total loss to between $30 and $40 million. The two reportedly had a combined net worth of over $100 million, before the scam.

Kevin Bacon's real estate

Bacon along with his wife Kyra bought a $2.5 million home in the Los Feliz neighborhood of Los Angeles in 2011. Before that, the couple purchased a 40-acre rural property in Sharon, Connecticut, in the 1990s, as per Celebrity Net Worth. They also own a luxury apartment with views of Central Park in New York City.

Kevin Bacon's personal life

Kevin Bacon and Kyra Sedgwick have been married since 1988. The two met while on the set of "Lemon Sky" and were soon romantically linked. They have appeared side by side in many films since their marriage and the couple has two children together. Before Kyra, Bacon was in a long relationship, with Tracy Pollan, a fellow actress.