News

Kevin Spacey Net Worth

Kevin Spacey Net Worth

Kevin Spacey is an American actor, director, and producer who currently has a net worth of approximately –$2 million. His net worth was once estimated to be over $50 million at the peak of his Hollywood career. However, multiple legal battles, settlements, career-ending controversies, and tens of millions in judgments have reversed his financial status and brought him into severe debt.

In a June 2024 interview, Spacey revealed that he is nearly broke, is facing foreclosure on his Baltimore property, has narrowly avoided bankruptcy on several occasions, and currently owes millions in legal fees and damages.

Collapse of Wealth and Career

  • Kevin Spacey once earned $20 million per season as the star and producer of House of Cards, with a salary of $500,000 per episode.
  • In 2021, Spacey was ordered to pay $31 million to House of Cards producer Media Rights Capital (MRC) for breaching his contract due to alleged misconduct on set.
  • That judgment — along with accumulated interest — had grown to $36 million by early 2024.
  • In a surprising turn, Spacey reached a deal to wipe that debt in February 2024 — if he agreed to testify in MRC’s insurance lawsuit.

Income at His Peak

At the height of his career (1995–2015), Spacey was:

  • One of Hollywood’s most respected actors
  • A two-time Oscar winner (The Usual Suspects, American Beauty)
  • Paid $10 million+ for leading film roles
  • Earning high-profile deals in film, stage, commercials, and TV

Real Estate and Foreclosure Issues

  • Los Feliz, Los Angeles:
    • Purchased a home in 1997 for $2.1 million
    • Sold it in 2017 for $11 million (original list price: $16M)
  • Baltimore Waterfront Home:
    • Bought in 2017 for $5.65 million while filming House of Cards
    • Defaulted on the $20k/month mortgage payments
    • Facing foreclosure auction in early 2024
    • Accrued HOA liens and unpaid fees totaling six figures

Spacey admitted in 2024 that he has “no money” and is overwhelmed by legal debt.

Kevin Spacey Net Worth

Career at a Glance

Year Milestone
1995 Won Oscar for The Usual Suspects
1999 Won Best Actor Oscar for American Beauty
2013 Began House of Cards, earning $500k+/episode
2017 Career derailed by misconduct allegations
2021 Ordered to pay $31M in damages
2024 Net worth falls below zero; home in foreclosure

What is Kevin Spacey Net Worth?

Kevin Spacey net worth is -$2 million.

Andrew Walyaula
Author: Andrew Walyaula

Andrew Walyaula is a seasoned multimedia journalist. satrendmagazine@gmail.com

Andrew Walyaula

About Author

Andrew Walyaula is a seasoned multimedia journalist. satrendmagazine@gmail.com

Leave a comment

Your email address will not be published. Required fields are marked *

You may also like

Patrick Kilemi, the Principal Secretary of Co-operatives and Micro, Small & Medium Enterprises (MSMEs) Development at the State Department for Cooperatives
News

Government pushes for cooperative principles to be taught in primary schools

The government is making strides to integrate the principles of cooperatives into the primary school curriculum.  cooperatives play a vital
Unaitas sacco expands reach with new branch in Othaya town
News

Unaitas sacco expands reach with new branch in Othaya town

Unaitas SACCO has expanded its presence with the opening of a new branch in Othaya town, Nyeri County. Established in
error: Content is protected !!
Index