- Hollywood icon Kevin Bacon has not only weathered financial setbacks but has also embraced a serene life on his farm in Connecticut, where he serenades goats with his musical talents.
- Throughout their journey from silver screens to rural scenes, the love between Bacon and his wife, Kyra Sedgwick has remained strong.
Kevin Bacon makes an appearance at SiriusXM Studios in New York City on September 5, 2023 | Source: Getty Images
In Hollywood, it’s not unusual for fortunes to rise and fall like the tides, and Kevin Bacon’s journey is one of those tales of resilience, love, and unexpected turns.
Once the “It” boy of the ’80s and ’90s, known for his roles in iconic films like “Footloose,” “Friday the 13th,” and “Apollo 13,” Bacon’s star status seemed like an eternal glow in the cinematic cosmos. Yet, outside the spotlight, a financial storm was brewing that would test his mettle and lead him to unexpected pastures.
Kevin Bacon and his wife Kyra Sedgwick | Source: YouTube/@People
In a candid interview on the podcast Smartless, Bacon disclosed details about a chapter of his life that few knew about. He revealed that he had entrusted “most” of his wealth to Bernie Madoff, the infamous financier responsible for orchestrating the largest case of financial fraud in U.S. history, totaling an estimated $64.8 billion.
Kyra Sedgwick and Kevin Bacon participate in the SAG-AFTRA Foundation’s “Space Oddity” Screening and Q&A at the Robin Williams Center in New York City on March 30, 2023 | Source: Getty Images
“We had most of our money in Madoff,” Bacon openly admitted during the episode, which aired in October 2022. The extent of Bacon’s financial loss due to the Madoff scandal remains undisclosed, but reports suggest it could be in the millions, possibly even reaching as high as $30 million.
Madoff’s criminal web unraveled in 2009 when he pleaded guilty to 11 federal felonies, including securities fraud, wire fraud, and money laundering. He had defrauded countless clients, leaving them in financial ruin. In 2021, the disgraced financier passed away in prison at the age of 82, leaving a legacy of deception and destruction.
Kevin Bacon and Kyra Sedgwick’s Farm Life Serenading the Goats
In the face of financial turmoil, Bacon and his wife, actress Kyra Sedgwick, held their heads high. They adopted an attitude of resilience, rolling up their sleeves to face the challenges head-on.
Bacon’s words reflected a deep sense of perspective, acknowledging that while they had suffered losses, many others were in far worse situations, with their retirement funds decimated.
Instead of bowing down to defeat, the couple decided that as long as their family was healthy, they could work their way up. And that’s when they left for their North Western Connecticut piece of land and embarked on an unexpected adventure – farming. Bacon’s journey to a more rural life was far from planned.
Animals on Kevin Bacon’s farm | Source: YouTube/@TODAY
Animals on Kevin Bacon’s farm | Source: YouTube/@TODAY
Raised as a city kid in Philadelphia, his fascination with horses began in his youth. However, it wasn’t until a visit to Connecticut with his then-girlfriend that the idea of farm ownership took root. While playfully pretending to be interested in buying a house, they stumbled upon a run-down farmhouse, and the rest is history.
Kevin Bacon holding one of his animals | Source: YouTube/@TODAY
Kevin Bacon showing a tour of his farm | Source: YouTube/@TODAY
Close up shot of Kevin Bacon during an interview | Source: YouTube/@TODAY
Kevin Bacon during an interview on “Today.” | Source: YouTube/@TODAY
Bacon has expanded the property over the years, and this farm has offered their family a peaceful oasis during their hard times. Among the various animal residents is a group of goats, and the “Tremors” star’s interaction with these creatures is nothing short of heartwarming.
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