Kevin Spacey’s net worth in 2024 has been significantly affected by legal issues and financial issues.
This article by RachelParris explores how his income from House of Cards, film roles, and real estate investments have impacted his current financial situation.
Quick facts
| fact | detail |
|---|---|
| real name | Kevin Spacey Fowler |
| popular name | Kevin Spacey |
| gender | male |
| date of birth | July 26, 1959 |
| age | 64 years old |
| parents | Catherine Ann, Thomas Jeffrey Fowler |
| brothers and sisters | Randy Fowler |
| place of birth | South Orange, New Jersey, USA |
| Country of Citizenship | American |
| Race | not applicable |
| educate | juilliard school |
| Marital status | single |
| sexual orientation | gay |
| wife/spouse | not applicable |
| children | not applicable |
| Dating | not applicable |
| net worth | -$2 million |
| source of wealth | performance, production |
| high | 5 feet 10 inches (1.79 m) |
What is Kevin Spacey's net worth in 2024?
As of 2024, Kevin Spacey’s net worth is estimated to be – $2 million. His net worth has dropped significantly from its peak of around $50 million, largely due to legal issues and financial problems.
For comparison, here are the net worths of some other well-known figures in the entertainment industry:
- Robin Wright
- Bryan Singer
- Annette Bening
- Sam Mendes
- brad pitt
- Morgan Freeman
- Russell Crowe
Kevin Spacey Financial Overview
How legal issues affected his finances
Kevin Spacey's legal troubles have severely affected his finances. Most notably, he was ordered to pay $31 million to Media Rights Capital (MRC), the production company of “House of Cards.”
The ruling resulted from Spacey's breach of contract due to inappropriate conduct. By early 2024, this debt had grown to $36 million with interest.
However, he negotiated a deal to vacate the $31 million judgment by cooperating with MRC's lawsuit against the show's insurance company.
The lawsuit drained his finances and led to serious financial problems.
Revenue from “House of Cards”
Spacey earned $500,000 per episode for his role in House of Cards. Including his acting and producing roles, his total earnings for subsequent seasons were approximately $20 million per season.
However, he was removed from the show due to misconduct allegations, resulting in a significant loss of income. The show was the main source of his wealth, and its sudden end affected his financial stability.
Film and television revenue
Throughout his career, Kevin Spacey has earned a substantial amount of money from roles in movies and television.
Major movies such as “The Usual Suspects,” “American Beauty,” “7” and “L.A. Confidential” have contributed significantly to his wealth.
At his peak, he could earn $10 million for starring in a blockbuster movie and $5 million for a supporting role. However, his career stalled following misconduct allegations, significantly reducing his acting income.
real estate investment
Spacey's real estate investments also play a role in his financial narrative. He owns a property in Los Feliz, which he purchased in 1997 for $2.135 million and sold in 2017 for $11 million.
In 2017, he purchased a $5.65 million oceanfront home in Baltimore near the House of Cards studio.
By 2022, he defaulted on his mortgage, leading to a foreclosure lawsuit in 2024. His financial woes were further compounded by his inability to make real estate payments.
Producing and directing companies
In 1997, Kevin Spacey founded Trigger Street Productions to produce and develop entertainment programming across a variety of media.
Despite the challenges and eventual acquisition by Relativity Media in 2016, the venture increased his income.
Additionally, his directorial projects such as Albino and Beyond the Sea, albeit with varying degrees of success, have also contributed to his financial investment.
theater contribution
Spacey's commitment to theater, particularly his role as artistic director of the Old Vic Theater from 2004 to 2015, contributes to his income.
He gained accolades from prestigious theater roles and leadership positions at the Old Vic.
Although these contributions brought in substantial income, theater work had less of a financial impact than his film and television roles.
financial problems and debt
Legal fees, settlements, and reduced acting income have caused serious financial hardship for Spacey.
His debts were piling up, including $171,727 in mortgage debt and a $43,400 HOA lien on his Baltimore condo.
These financial woes have led to a foreclosure auction scheduled for 2024. Despite a deal that wiped out a $31 million judgment, his overall financial situation remains dire.
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Kevin Spacey FAQs
What is Spacey's most famous role?
He is known for his roles in the usual suspects (1995), American Beauty (1999), and house of cards (2013-2017). He won Oscars for “Gutter” and “Lester Burnham.”
Has he won any awards?
Yes, he won two Academy Awards, a Golden Globe and multiple Screen Actors Guild Awards.
What controversies has he been involved in?
Starting in 2017, he faced multiple accusations of sexual misconduct that impacted his career.
What is Spacey's background?
He was born on July 26, 1959 in New Jersey. He studied at Juilliard, began working in theater, and then moved into film and television.
What other talents does he have?
He is also a skilled director and producer. he directed albino crocodile and beyond the seaand served as Artistic Director of the Old Vic Theatre.
How did these accusations affect his career?
The accusations led to his removal from office house of cards and remake all the money in the world. His career has essentially stalled since then.
What are some of Spacey’s recent projects?
He appears in the 2022 movie Peter fifty-eight. Uncertainty remains about new projects.
Has he done any work in theater?
Yes, he was artistic director of the Old Vic Theater from 2004 to 2015 and contributed to its revival.
in conclusion
Kevin Spacey's financial history is complicated, plagued by legal issues and financial mismanagement. Although he is one of the highest-paid actors in 2024, his net worth has plummeted.
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Categories: Net Worth
Source: svlsf.edu.vn