Kevin Bacon Lost ‘Millions’ in Bernie Madoff’s Ponzi Scheme—How It Affected His Net Worth
Kevin Bacon was the “It” boy of the ‘80s and ‘90s. Starring in iconic movies like Footloose, Friday the 13th and Apollo 13, his filmography puts him at the center of the Hollywood universe—so much so that Six Degrees of Kevin Bacon can connect him to almost any screen star, living or dead, in six or fewer steps. You’d think because of his cult status that Kevin Bacon’s net worth would be considerable, but in an episode of the podcast Smartless, the Footloose star detailed losing “most” of his fortune to Bernie Madoff—the disgraced financier and fraudster orchestrated the biggest financial fraud in US history, worth about $64.8 billion. “We had most of our money in Madoff,” Bacon told hosts Jason Bateman, Sean Hayes and Will Arnett on the episode published October 10, 2022. “There’s obvious life lessons there – if something is too good to be true, it’s too good to be true.” How did all of this affect Kevin Bacon’s net worth? Read on.