Kevin Bacon, the renowned American actor and musician owns a sizable net worth of $45 million as of 2023. The actor who played the lead roles in movies like, Footloose, Tremors, and Mystic River has appeared in more than 100 movies and TV series. Bacon’s net worth does not solemnly come from his acting career. His career role as a director and producer has also contributed to this impressive financial growth. Bacon’s band, real estate investments, and charity organization also influenced this net worth which is a combined amount with his wife Kyra Sedgwick.
Kevin Bacon Early Life
Kevin Bacon, originally known as Kevin Norwood Bacon was born on July 8, 1958, in Philadelphia. He was born to Edmund Bacon who was the Executive Director of Philadelphia City Planning Commission, and Ruth Hilda Holmes, who served as an elementary school teacher and liberal activist. After receiving a full scholarship to a summer academy in high school, Kevin Bacon was first exposed to arts and developed a passion for acting.
Kevin Bacon Acting Career
Bacon moved to New York at the age of seventeen with the aim of building a career in theatre. Three years later, he made his big screen debut as Chip Diller in the comedy National Lampoon’s Animal House, which marked his breakthrough in the film industry. Even with the success, Kevin Bacon’s net worth was not greatly increased by the $700 weekly payment he received for this part during filming. He played minor roles in films like Friday the 13th, Starting Over, and Diner, the debut feature from filmmaker Barry Levinson.
In his initial career days, during the start of 1980s, Bacon worked as a waiter while acting casting roles in soap operas naming, Guiding Light and Search for Tomorrow. He played the role of Tim Werner for seven episodes. Bacon also played roles in the TV films The Demon Murder Case and Mister Roberts.
In 1984, Kevin Bacon attained stardom with the release of the box office sensation, Footloose. The film found immense success in the United States, becoming one of the blockbuster films for that year. The film’s financial performance reached $80 million, which is an achievement considering the budget of only $8.2 million. The soundtrack also played a vital role in the success of Footloose. Kevin Bacon contributed to the success of the film not only through his stunning performance but also with an acting salary of $1 million.
In 1990, Kevin Bacon starred in two noteworthy films, Tremors and Flatliners. Tremors was not a box office hit; Kevin Bacon earned a $500,000 paycheck and increased his net worth. With a budget of $11 million, the movie grossed just over $16 million worldwide. Flatliners directed by Michael Douglas fared better, earning $61.5 million worldwide from theatres.
In 1991, Kevin Bacon had a big success with the political thriller JFK, where he played Willie O’Keefe alongside Kevin Costner. The movie earned $205.4 million after opening with $5.2 million in the US. The following year, Bacon starred in A Few Good Men with Tom Cruise which earned praise from the critics. The film made over $15.5 million on the opening weekend and collected $243.2 million at the box office which boosted Bacon’s net worth. He received a $650,000 salary for his role as Captain Jack Ross in the movie.
In 1995, Kevin Bacon’s Apollo 13 became a huge success making $355.2 million which further increased his net worth. The following year, he acted in Sleepers, which added $2.5 million to Kevin Bacon’s net worth. In the beginning of 2000, Bacon made several hits like Hollow Man which earned $190.2 million and won him a Favourite Actor in 2001.
Mystic River and other hits
In 2003, Mystic River began slowly earning $640,815 in the opening weekend but eventually ranked in $156.6 million after the movie’s theatre release, surpassing its $25 million production budget.
In 2011, Kevin Bacon joined X Men: First Class as Sebastian Shaw. The Marvel movie was highly accepted in the theatres, which made $352.6 million against a $160 million budget. This raked up the net worth of Kevin Bacon to a large extent.
Transitioning to television in 2013, Bacon took on the role of Ryan Hardy in The Following, which was a Fox TV series. With a sum of 45 episodes, he earned recognition, winning the Saturn award for Best Actor in the show’s first season.
The Bacon Brothers
Beyond acting, Bacon’s net worth is influenced by his musical venture. The Bacon Brothers formed with his brother Michael Bacon labelled as ‘Forosoco’ blends folk, rock, soul, and country genres.
Bernie Madoff’s Ponzi Scheme
Kevin Bacon and his wife Kyra were wealthy with a net worth exceeding $100 million. However, like many other celebrities they too became the victim of the fraudster Bernie Madoff’s Ponzi scheme. The couple invested heavily and suffered significant losses, ranging from $30 million to $40 million. This loss horribly impacted their financial situation.
In December 2011, Kevin and his wife Kyra spent $2.5 million to buy a home in Los Feliz. They also own a 40-acre property in Sharon, Connecticut, Bought in the 1990s, and a pricey apartment with Central Park views in New York City. The real estate buys made by Kevin Bacon largely adds up to his net worth.
Awards Won by Kevin Bacon
In 2010, Kevin Bacon got a Golden Globe Award and won two Screen Actors Guild Awards. Bacon has received many awards and nominations. In 2009, The Guardian said that Bacon is one of the best actors without an Academy Award nomination.
Kevin Bacon Net Worth
Kevin Bacon’s total net worth as of 2023 is estimated to be around $45 million. Most of his earnings come from his acting career. Bacon’s investments in producing movies, real estates and bands has increased his net worth to a large extent.
What is the net worth of Kevin Bacon?
Kevin Bacon total net worth is $45 million.
How old is Kevin Bacon?
Kevin Bacon is 65 years old.
Who is the daughter of Kevin Bacon?
Sosie Bacon is the daughter of Kevin Bacon.