Kevin Spacey’s Net Worth – What is it?
Kevin Spacey, the American actor, director, screenwriter, and producer, has a net worth of -$2 million. His net worth was much higher previously, potentially reaching $50 million during the peak of his career. However, due to various personal controversies and legal issues, his career and earning potential have been severely impacted. These controversies have resulted in him spending millions on legal expenses and settlements.
In a June 2024 interview with Piers Morgan, Kevin revealed that he was almost bankrupt, facing foreclosure on his Baltimore home, and struggling with millions in legal debts.
In November 2021, Kevin was instructed to pay $31 million to the production company behind “House of Cards,” Media Rights Capital, for contract breaches related to his involvement in sexual misconduct on set. This ruling was confirmed in August 2022. By this time, he had stopped paying the mortgage on a $5.6 million Baltimore condo purchased in February 2017. Subsequently, a debt collection agency was given permission to auction the condo in February 2024 due to a debt accumulation of nearly $36 million with interest. However, in February 2024, Kevin reportedly settled the $31 million judgment in exchange for assisting MRC’s lawsuit against the show’s insurance company.
Kevin Spacey received critical acclaim for his roles in movies like “The Usual Suspects” (1995) and “American Beauty” (1999), for which he won Academy Awards. He demonstrated versatile acting skills in films such as “Seven” (1995), “L.A. Confidential” (1997), and “K-PAX” (2001). Additionally, his work in the theater, especially as the artistic director of London’s Old Vic Theatre from 2004 to 2015, further highlighted his talent. However, his career suffered following numerous allegations of sexual misconduct in 2017, leading to his removal from projects like “House of Cards.”
Salary from House of Cards
During his peak in the early 2000s and the “House of Cards” era (2013 – 2018), Kevin could command $10 million for leading roles in major films and $5 million for supporting characters. His work in and production of “House of Cards” earned him $20 million per season in later years, with a base salary of $500,000 per episode.
$30 Million Lawsuit Damages
In January 2019, the production company MRC, responsible for “House of Cards,” filed a lawsuit against Kevin, alleging breaches in both acting and executive producing agreements related to workplace conduct and harassment policies. MRC sought compensation directly from Kevin for financial losses incurred due to scrapping the sixth season after just two episodes. The rushed production only managed to deliver eight episodes, five less than contracted, resulting in substantial licensing fee losses.
In November 2021, Kevin was directed to pay $31 millionDuring early 2024, the debt had escalated to $36 million with interest accumulating. Then in a surprising turn of events in February 2024, Kevin struck a deal with MRC. Under this agreement, he agreed to testify on the production company’s behalf in a separate lawsuit against MRC’s insurance companies – Lloyds of London and Fireman’s Fund. The lawsuit sought a staggering $150 million in damages.
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Real Estate/Financial Problems
The property in LA’s Los Feliz neighborhood was purchased by Kevin for $2.135 million in 1997. Spanning 1.1 acres, the property boasts a 6,600-square-foot home secluded behind gates and lush shrubbery. Kevin discreetly listed the property for $16 million in 2015, ultimately selling it in an off-market transaction in July 2017 for $11 million.
In March 2001, Kevin acquired the neighboring home to his Los Feliz property for $1.9 million, later selling it in May 2006 for $2.535 million.
In February 2017, Kevin invested $5.65 million in a five-story, 9,000-square-foot waterfront home in Baltimore, Maryland, aiming to be near the filming studio of “House of Cards.” This purchase marked one of the highest-priced acquisitions for an Inner Harbor residence. By mid-2022, reports emerged that Kevin had fallen behind on his $20,000 monthly mortgage payments. By February 2023, the outstanding mortgage arrears reached $171,727. Subsequently, in July 2023, the HOA placed a $43,400 lien on the property due to Kevin’s failure to pay the $2,600 monthly HOA fee for approximately 16 months by that point. In August 2023, a judge approved a debt collection agency to sell the mansion, which is scheduled to go to foreclosure auction on February 29, 2024. A video tour from 2016, predating his property purchase, can be seen here:
Early Life
Kevin Spacey’s birth name is Kevin Spacey Fowler, born on July 26th, 1959, in South Orange, New Jersey. Raised with two siblings by his mother, a secretary, and his father, a technical writer, Kevin and his family relocated to California when he was four. Kevin Spacey revealed that he experienced physical abuse from his father, who held racist and Nazi sympathizing beliefs.
During grades 10 and 11, Kevin attended military school. He later transferred to Chatsworth High School in his senior year, where he engaged in the school’s theatrical production of “The Sound of Music.” Post-graduation, he adopted the name Spacey and moved to New York City to pursue studies at the Juilliard School. While at Juilliard from 1979 to 1981, Kevin Spacey ventured into the stand-up comedy scene.
Career
Kevin Spacey’s career found early success in theater. Following a minor role in a Shakespearean play, he graced the Broadway stage in “Ghosts” in 1982, followed by performances in “The Misanthrope” and “Hurlyburly.” By 1986, he had solidified his presence in the New York theater landscape with roles in Broadway productions such as “Sleuth” and “The.Later that year, his real breakthrough came with a role in the critically acclaimed production of “Long Day’s Journey Into Night.”
Turning his attention toward film after a brief stint in the television world with “Crime Stories,” Kevin Spacey tried to establish himself in Hollywood. He continued to appear in a variety of plays, such as “Lost in Yonkers” in 1991, for which he won a Tony Award. Additionally, he featured in TV series like “L.A. Crime” and “The Murder of Mary Phagan.”
Kevin Spacey’s first major film role was in “See No Evil, Hear No Evil” in 1989, where his acting talents were quickly recognized. He garnered praise as a compelling character actor in series like 1989’s “Wiseguy” and films like 1992’s “Glengarry Glen Ross.” Critics took notice after his appearances in movies like “The Ref” and “Swimming With Sharks,” leading to his Academy Award win for Best Supporting Actor in 1995’s “The Usual Suspects.”
That same year, he delivered one of his most iconic film performances as a serial killer in “Se7en.” The following year, he made an equally memorable appearance as an attorney in “A Time to Kill.” In 1998, he took on a notable voice acting role in the animated film “A Bug’s Life.” In 1999, Spacey solidified his status as one of Hollywood’s most talented stars with an exceptional performance in “American Beauty,” earning him an Academy Award for Best Actor and a star on the Hollywood Walk of Fame.
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Throughout this period, Spacey continued to win Tony Awards for his theater performances and kicked off the 2000s with roles in “Pay it Forward” and “K-Pax.” In 2006, he portrayed Lex Luthor in “Superman Returns” and starred in 2008’s “21.”
While heavily involved in theater in the subsequent years, the 2010s marked the era of “House of Cards” for Spacey. From 2011 to 2018, he portrayed Frank Underwood until his departure due to sexual assault allegations. During his tenure on the show, he amassed numerous awards and nominations, and from 2013, he began working as a producer on the series, earning a peak salary of $20 million annually. In 2011, Spacey also assumed the role of the antagonist in the film “Horrible Bosses.” Additionally, in 2018, he appeared in “Billionaire Boys Club.”
In November 2022, reports surfaced that Spacey was scheduled to speak at the National Museum of Cinema and receive a lifetime achievement award in January 2023, despite allegations against him. Following a legal victory in a sexual battery lawsuit, he landed a role in the British indie thriller “Control” in late 2022 and was cast as the late Croatian leader Franjo Tudjman in “Once Upon a Time in Croatia.”
This led to the suspension of the production of “House of Cards,” and the final season was shortened to eight episodes. Spacey’s roles in many films had to be re-cast as he was removed from the projects. Subsequently, his agent and publicist also distanced themselves from him.
As new allegations emerged in 2018, Spacey’s reputation continued to deteriorate. A man who accused Spacey of groping him reportedly committed suicide in 2019, alongside three others with ties to Spacey passing away. Despite facing legal battles for sexual and criminal assault, Spacey was found not guilty by a jury in July 2023 after charges were dismissed earlier in the trial, which began in June 2023.
In 1997, Spacey founded his production company, Trigger Street Productions, later acquired by Relativity Media in 2016. He has directed several films, hosted “Saturday Night Live,” and appeared in video games like “Call of Duty: Advanced Warfare.” Spacey also served as the artistic director of the Old Vic Theatre in London.
During most of his career, Spacey maintained a low profile about his personal life to enhance his on-screen characters, as he articulated in a 1998 interview. However, in response to an allegation by actor Anthony Rapp in October 2017, Spacey publicly apologized and came out as gay. This move drew criticism for seemingly connecting his homosexuality with the misconduct. In November 2022, Spacey prevailed in the sexual battery lawsuit brought against him by Rapp.
Data from 2023 and 2024, with forecast data extending to 2025, 2026, 2027, and 2028.
* This information was taken from various sources around the world, including these countries:
Australia, Canada, USA, UK, UAE, India, Pakistan, Philippines, Indonesia, Nigeria, Tanzania, Kenya, US, United Kingdom, United States of America, Malaysia, U.S., South Africa, New Zealand, Turkey, United Arab Emirates.
Afghanistan, Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antarctica, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan.
Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Bosnia and Herzegovina, Botswana, Bouvet Island, Brazil, British Indian Ocean Territory, Brunei Darussalam, Bulgaria, Burkina Faso, Burundi.
Cambodia, Cameroon, Canada, Cape Verde, Cayman Islands, Central African Republic, Chad, Chile, China, Christmas Island, Cocos (Keeling Islands), Colombia, Comoros, Congo, Cook Islands, Costa Rica, Cote D’Ivoire (Ivory Coast), Croatia (Hrvatska), Cuba, Cyprus, Czech Republic.
Denmark, Djibouti, Dominica, Dominican Republic, East Timor, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Ethiopia, Falkland Islands (Malvinas), Faroe Islands, Fiji, Finland, France, Metropolitan, French Guiana, French Polynesia, French Southern Territories.
Gabon, Gambia, Georgia, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada, Guadeloupe, Guam, Guatemala, Guinea, Guinea-Bissau, Guyana, Haiti, Heard and McDonald Islands, Honduras, Hong Kong, Hungary, Iceland, India, Indonesia, Iran, Iraq, Ireland, Israel, Italy.
Jamaica, Japan, Jordan, Kazakhstan, Kenya, Kiribati, North Korea, South Korea, Kuwait, Kyrgyzstan, Laos, Latvia, Lebanon, Lesotho, Liberia, Libya, Liechtenstein, Lithuania, Luxembourg.
Macau, Macedonia, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Marshall Islands, Martinique, Mauritania, Mauritius, Mayotte, Mexico, Micronesia, Moldova, Monaco, Mongolia, Montserrat, Morocco, Mozambique, Myanmar.
Namibia, Nauru, Nepal, Netherlands, Netherlands Antilles, New Caledonia, New Zealand (NZ), Nicaragua, Niger, Nigeria, Niue, Norfolk Island, Northern Mariana Islands, Norway.
Oman, Pakistan, Palau, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Pitcairn, Poland, Portugal, Puerto Rico, Qatar, Reunion, Romania, Russia, Rwanda, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and The Grenadines, Samoa, San Marino, Sao Tome and Principe.
Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Slovakia, Slovenia, Solomon Islands, Somalia, South Africa, South Georgia and South Sandwich Islands, Spain, Sri Lanka, St. Helena, St. Pierre and Miquelon, Sudan, Suriname, Svalbard and Jan Mayen Islands, Swaziland, Sweden, Switzerland, Syria.
Taiwan, Tajikistan, Tanzania, Thailand, Togo, Tokelau, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Uganda, Ukraine, United Arab Emirates (UAE), UK (United Kingdom), USA (United States of America, U.S.), US Minor Outlying Islands.
Uruguay, Uzbekistan, Vanuatu, Vatican City State (Holy See), Venezuela, Vietnam, Virgin Islands (British), Virgin Islands (US), Wallis and Futuna Islands, Western Sahara, Yemen, Yugoslavia, Zaire, Zambia, Zimbabwe.
Kevin Spacey Net Worth (Money & Salary)