After Losing Their Fortune to Bernie Madoff, Kevin Bacon and Kyra Sedgwick Turn It Around With Real Estate Investments
After Losing Their Fortune to Bernie Madoff, Kevin Bacon and Kyra Sedgwick Turn It Around With Real Estate Investments originally appeared on Parade Home & Garden.
When Bernie Madoff was arrested for defrauding people out of millions of dollars in 2008, many were shocked to learn that beloved actors Kevin Bacon and Kyra Sedgwick were among his victims. And, while an exact dollar amount has never been released, many believe that the pair lost around $30 million.
In the years that followed Madoff's crimes, his victims worked hard to rebuild their net worth. That goes for Bacon and Sedgwick as well, who appear to have spent their time and energy investing in one particular area: Real estate. The duo have amassed quite the real estate portfolio over the years, and it's believed that they're well on their way to recouping everything they lost.
SIGN UP for the Dengarden / Parade Home & Garden newsletter for a weekly dose of our favorite house hacks, decor trends and shopping deals
According to Hello!, the couple has made some smart purchases, creating streams of passive income to refill their coffers. Among them is a 40-acre farm in Connecticut. The publication notes that the average home prices in the state have nearly doubled since 2020. Considering the fact that the couple bought the farm back in 1983 for an undisclosed amount, it stands to reason that they've already built up quite a bit of equity in the property.
Related: Celebrity Contractor Stephen Fanuka on Building a Brand and Summer Home Renovation Tips
Then there's the couple's New York pad, which is likely seeing a similar equity boon as they hold onto the property year after year. But, while Bacon and Sedgwick work to replace the money lost to Madoff's scam, you'll likely never hear status updates from the stars themselves. That's because Bacon spoke publicly about the crimes shortly after it happened, saying that he wouldn't complain about what happened to him because he believed that nobody would be happy about having to listen to a Hollywood A-lister complain about money.
Whether he was right or not remains to be seen, but one thing we can say is that we love to hear about how much success he and his wife are having when it comes to rebuilding their fortune. And, with real estate prices set to remain high throughout the rest of the year, he may be able to tuck a little extra away, helping him to rebuild after such a sad and shocking loss.
Related: Selling Sunset's Mary Fitzgerald Lists Her Latest Celebrity Home for $4.9 Million—See Inside French Montana's House!
After Losing Their Fortune to Bernie Madoff, Kevin Bacon and Kyra Sedgwick Turn It Around With Real Estate Investments first appeared on Parade Home & Garden on Jun 10, 2025
This story was originally reported by Parade Home & Garden on Jun 10, 2025, where it first appeared.
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After Losing Their Fortune to Bernie Madoff, Kevin Bacon and Kyra Sedgwick Turn It Around With Real Estate Investments
After Losing Their Fortune to Bernie Madoff, Kevin Bacon and Kyra Sedgwick Turn It Around With Real Estate Investments originally appeared on Parade Home & Garden. When Bernie Madoff was arrested for defrauding people out of millions of dollars in 2008, many were shocked to learn that beloved actors Kevin Bacon and Kyra Sedgwick were among his victims. And, while an exact dollar amount has never been released, many believe that the pair lost around $30 million. In the years that followed Madoff's crimes, his victims worked hard to rebuild their net worth. That goes for Bacon and Sedgwick as well, who appear to have spent their time and energy investing in one particular area: Real estate. The duo have amassed quite the real estate portfolio over the years, and it's believed that they're well on their way to recouping everything they lost. SIGN UP for the Dengarden / Parade Home & Garden newsletter for a weekly dose of our favorite house hacks, decor trends and shopping deals According to Hello!, the couple has made some smart purchases, creating streams of passive income to refill their coffers. Among them is a 40-acre farm in Connecticut. The publication notes that the average home prices in the state have nearly doubled since 2020. Considering the fact that the couple bought the farm back in 1983 for an undisclosed amount, it stands to reason that they've already built up quite a bit of equity in the property. Related: Celebrity Contractor Stephen Fanuka on Building a Brand and Summer Home Renovation Tips Then there's the couple's New York pad, which is likely seeing a similar equity boon as they hold onto the property year after year. But, while Bacon and Sedgwick work to replace the money lost to Madoff's scam, you'll likely never hear status updates from the stars themselves. That's because Bacon spoke publicly about the crimes shortly after it happened, saying that he wouldn't complain about what happened to him because he believed that nobody would be happy about having to listen to a Hollywood A-lister complain about money. Whether he was right or not remains to be seen, but one thing we can say is that we love to hear about how much success he and his wife are having when it comes to rebuilding their fortune. And, with real estate prices set to remain high throughout the rest of the year, he may be able to tuck a little extra away, helping him to rebuild after such a sad and shocking loss. Related: Selling Sunset's Mary Fitzgerald Lists Her Latest Celebrity Home for $4.9 Million—See Inside French Montana's House! After Losing Their Fortune to Bernie Madoff, Kevin Bacon and Kyra Sedgwick Turn It Around With Real Estate Investments first appeared on Parade Home & Garden on Jun 10, 2025 This story was originally reported by Parade Home & Garden on Jun 10, 2025, where it first appeared.
