Net Worth Ranker
What Is Kevin Spacey Fowler’s Net Worth?
As of March 2025, Kevin Spacey Fowler, known professionally as Kevin Spacey, faces a challenging financial landscape. His net worth is estimated to be -$2 million. This figure reflects a significant downturn from the peak of his career when his net worth was considerably higher, potentially reaching $50 million.
The decline in Kevin Spacey’s net worth is primarily attributed to personal controversies and subsequent legal battles. These issues have significantly impacted his career, limiting his ability to secure high-paying acting roles. The financial strain of legal fees and judgments has further contributed to his current financial situation. In a June 2024 interview with Piers Morgan, Spacey revealed he has no money left, is potentially facing foreclosure on his Baltimore home, has been struggling with bankruptcy and is now facing millions of dollars in legal debts.
Legal Battles and Financial Judgments
In November 2021, a major financial blow came when Kevin Spacey was ordered to pay $31 million in damages to Media Rights Capital (MRC), the production company behind “House of Cards.” This judgment stemmed from a breach of contract related to allegations of sexual misconduct on set during his time as both an actor and producer for the show. The acting and executive producing agreements with MRC set standards for his workplace conduct, including compliance with MRC’s Harassment Policy. The lawsuit sought compensation from Spacey personally for financial damages incurred after the sixth season production was cut short after filming only two episodes. MRC also asserted that only being able to produce eight episodes for the final season, versus the thirteen Netflix ordered, resulted in millions in licensing fee losses. The initial judgment was $29.5 million in compensatory damages with another $1.5 million covering legal fees and associated costs. By early 2024, with accrued interest, the total debt had grown to approximately $36 million. The judgment was upheld in August 2022, compounding his financial difficulties.
However, in a surprising turn of events in February 2024, Kevin Spacey reportedly reached an agreement with MRC, which involved him cooperating in MRC’s lawsuit against their insurance company, Lloyds of London and Fireman’s Fund, in exchange for wiping out the $31 million judgment. MRC is reportedly seeking $150 million in that lawsuit.
Real Estate Holdings and Financial Problems
Kevin Spacey’s real estate ventures provide a glimpse into his past financial successes and current challenges. In 1997, he purchased a property in Los Feliz, Los Angeles, for $2.135 million. This 1.1-acre property featured a 6,600-square-foot home, offering privacy behind gates and thick shrubbery. Spacey listed this property in 2015 for $16 million but ultimately sold it in an off-market deal in July 2017 for $11 million, generating a substantial profit from the initial investment.
Expanding his real estate portfolio, Spacey acquired the adjacent property to his Los Feliz home in March 2001 for $1.9 million. He later sold this property in May 2006 for $2.535 million, realizing a modest gain on this investment as well.
In February 2017, Kevin Spacey invested $5.65 million in a five-story, 9,000-square-foot waterfront home located in Baltimore, Maryland. This condo was purchased in close proximity to where “House of Cards” was filmed. At the time, the purchase marked one of the highest prices paid for an Inner Harbor residence.
However, his Baltimore condo faced financial difficulties. By mid-2022, Spacey reportedly fell behind on his $20,000 monthly mortgage payments. By February 2023, the mortgage delinquency had reached $171,727. Further compounding the issue, in July 2023, the Homeowners Association (HOA) filed a $43,400 lien against the property, due to non-payment of approximately 16 months of $2,600 monthly HOA fees. In August 2023, a judge granted a debt collection agency the authority to sell the property. Subsequently, the condo was scheduled for a foreclosure auction on February 29, 2024. By that point his debt had grown to nearly $36 million with interest.
Early Career and Salary
Kevin Spacey Fowler was born on July 26, 1959, in South Orange, New Jersey. He began his acting career with early success in theater. After a small role in a Shakespeare play, he appeared in the Broadway production of “Ghosts” in 1982. By 1986, he had established himself in the New York theater world with roles in Broadway productions of “Sleuth” and “The Seagull.” His real breakthrough came later that year with a role in the critically acclaimed production of “Long Day’s Journey Into Night.”
Spacey’s career trajectory saw him transition into film and television, where he garnered critical acclaim for his performances. His salary reflected his increasing prominence in the entertainment industry. At his career peak, from the early 2000s through his time on “House of Cards” (2013-2018), Kevin could command substantial fees for his acting roles. He could earn $10 million for starring roles in major films and $5 million for supporting roles.
His involvement in “House of Cards” significantly boosted his earnings. As both an actor and producer, Spacey earned $20 million per season for the later seasons of the show. His base salary per episode was $500,000.
Career Milestones and Awards
Kevin Spacey has received numerous accolades throughout his career, including Academy Awards for Best Supporting Actor for “The Usual Suspects” (1995) and Best Actor for “American Beauty” (1999). These awards, among others, solidified his reputation as a versatile and talented actor.
His significant stage work, including his role as the artistic director of London’s Old Vic Theatre from 2004 to 2015, further demonstrates his commitment to the performing arts. During his tenure at the Old Vic, he starred in productions such as “Richard III” and “Inherit the Wind,” showcasing his range and dedication to the theater.
In 1991, he won a Tony Award for his performance in “Lost in Yonkers.” He also appeared in TV series such as “L.A. Crime” and “The Murder of Mary Phagan.” Kevin Spacey’s first big film role came when he appeared in “See No Evil, Hear No Evil” in 1989. Critics began to take notice after he appeared in movies such as “The Ref” and “Swimming With Sharks,” and he eventually won an Academy Award for Best Supporting Actor with a role in 1995’s “The Usual Suspects.”
In 1999, Kevin Spacey established himself as one of Hollywood’s most talented stars with an incredible performance in “American Beauty,” winning an Academy Award for Best Actor and a star on the Hollywood Walk of Fame. Spacey continued to win Tony Awards for theater performances during this period and started the 2000s with roles in “Pay it Forward” and “K-Pax.” In 2006, he proved to be a perfect choice for the role of Lex Luthor in “Superman Returns.” He also appeared in 2008’s “21.”
Starting in 2011, Spacey played Frank Underwood in “House of Cards” until 2018, when he was forced to leave the cast due to sexual assault allegations. During his time on the show, Spacey won countless awards and was nominated for many more.
Other Ventures and Investments
In 1997, Spacey established his own production company, Trigger Street Productions. In 2016, Trigger Street Productions was acquired by Relativity Media, marking a significant business venture for Spacey. In addition to his production company, Kevin Spacey has also worked as a director for various films and appeared in video games, most notably “Call of Duty: Advanced Warfare.” He also hosted “Saturday Night Live” on more than one occasion.
Net Worth Summary
In summary, Kevin Spacey’s net worth has experienced a dramatic shift from a substantial fortune to a current deficit. Legal battles and a decline in his career prospects have significantly impacted his financial standing. While he once commanded high salaries for his acting roles and enjoyed success in real estate investments, the combination of legal judgments and personal controversies has led to his current net worth of -$2 million as of March 2025.
