In Hollywood, fortunes can rise and fall dramatically, and Kevin Bacon’s story is one of resilience, love, and unexpected turns.
Once a prominent figure of the ’80s and ’90s with iconic roles in films like “Footloose,” “Friday the 13th,” and “Apollo 13,” Bacon’s star seemed to shine brightly. However, behind the scenes, a financial crisis was brewing, testing his resilience and leading him to a new path.
In a revealing interview on the podcast Smartless, Bacon shared that he had invested a significant portion of his wealth with Bernie Madoff, the infamous financier behind one of the largest financial frauds in U.S. history, amounting to approximately $64.8 billion.
Bacon disclosed that this investment resulted in substantial financial losses, estimated to be in the millions, possibly up to $30 million.
Following Madoff’s arrest in 2009 and his subsequent death in prison in 2021, Bacon and his wife, actress Kyra Sedgwick, faced financial challenges with a positive outlook. They decided to embrace a new lifestyle by relocating to a rural property in North Western Connecticut and diving into farming.
Bacon, who grew up in Philadelphia, had always been intrigued by farm life. The idea of owning a farm materialized during a visit to Connecticut, where a chance encounter with a rundown farmhouse sparked their interest. Over time, their farm became a sanctuary and a symbol of their resilience.
Today, Bacon and Sedgwick find joy in their rural life, which includes raising livestock and growing their own produce. Bacon has even taken to serenading the goats on their farm with his guitar, creating a heartwarming blend of Hollywood charm and pastoral tranquility.
Bacon’s deep affection for animals has influenced his dietary choices; he no longer eats meat from animals he raises. His wife humorously remarked on the possibility of Bacon eliminating other meats from his diet if they acquire more animals.
The couple enjoys cooking at home, preferring it over dining out. Bacon believes in controlling what goes into his body and has passed this appreciation for cooking to their grown children, Travis and Sosie. While Sedgwick follows recipes, Bacon prefers to experiment, adjusting recipes to his taste.
Bacon and Sedgwick’s enduring marriage, spanning 35 years, has been a source of strength and joy. Their shared sense of humor and mutual support have been integral to their relationship.
They cherish their time on the farm, often enjoying singing together and embracing the simple pleasures of life.