Kevin Spacey Net Worth
As of 2023, Kevin Spacey net worth is $30 million, which is a downfall for the actor’s net worth from early times. Kevin Spacey used to be one of the richest actors in the world, with a net worth of $120 million, but the sexual assault allegations against the actor damaged his career, resulting in his net worth's downfall.
This resulted in the actor losing a huge sum of money for settling the cases and lawsuits against him.
Kevin Spacey worked both on stage and on screen, but a project that shot up his net worth as an actor was Netflix's House of Cards. Spacey got the role of politician Frank Underwood in the show, and it was such a big hit that Spacey ended up working in it until 2018, when he was fired from the role following the legal sexual assault allegations against him.
Recently, in December 2023, Spacey again made the headlines after he had to pay a compensation fee of $31 million (approx.) to Netflix-associated production company MRC, which sued him in a lawsuit.
Read below about the Kevin Spacey legal controversy that led to his downfall and learn about his early life and success story.
Kevin Spacey Bio
| Name | Kevin Spacey |
| Date of Birth | Jul 26, 1959 |
| Place of Birth | South Orange |
| Gender | Male |
| Height | 5 ft 10 in |
| Profession | Actor, Producer, director, Television producer, Voice Actor, Theatre Director |
| Nationality | United States of America |
| Net Worth | $30 million |
Early life and background
Kevin Spacey was born on July 26, 1959, in South Orange, New Jersey, but he grew up in Southern California, where he moved with his family only when he was four years old. Kevin’s mother was a secretary, and his father was a data consultant and technical writer. Kevin has a sister and one older brother, who described their father as a racist "Nazi supporter. Until October 2022, Spacey never brought that up, saying that his father was a normal middle-class man. But later, he said that his father was abusive to him, and that’s one reason why he didn’t come out as gay earlier.
Education
Spacey joined the Military Academy in the 10th and 11th grades. He graduated from Chatsworth High School in Chatsworth, California, where he also performed in the production of The Sound of Music.
Before getting into an acting career, Spacey tried hard to succeed as a comedian, only to attend the Juilliard School later in New York City.
Personal life
Kevin Spacey kept his personal life private, never bringing it to the media, saying that staying private helps the audience accept different characters in films.
However, when Anthony filed a lawsuit against him for making sexual advances on him when he was just 14 years old, Kevin came out as gay in the apology letter. Although the actor’s apology, in which he linked his homosexuality to sexually assaulting a minor, was not taken well by others,
Career and Breakthrough
Kevin Spacey began his acting career in theaters when he first appeared in a 1981 New York Shakespeare Festival performance. That same year, he appeared on Broadway in Ghosts, followed by roles in The Misanthrope and Hurlyburly. By 1986, Spacey kept performing and made a good name for himself in the New York theaters, but his career took a better turn when he bagged the role in Long Day's Journey Into Night.
After doing TV series, Spacey moved to establish his career in films, but it was not until 1989 that he could find a role in a film. He appeared in See No Evil, Hear No Evil, which brought Spacey recognition and appreciation as an actor. Before Spacey appeared in this film that proved to be a big hit, the actor continued doing theater and TV series, doing roles in Lost in Yonkers that brought him a Tony Award in 1991.
After Spacey’s first film did great, it got him several film offers, which only upgraded his career graph. Some of the movies he worked in were Wiseguy, Glengarry Glen Ross, The Ref, and Swimming With Sharks. His role in ‘The Usual Suspects’ won him an Academy Award for Best Supporting Actor in 1995.
Further, films like Se7en and A Time to Kill marked hits for Spacey, adding to his talent for taking on versatile role plays. In 1998, Spacey got into voice acting when he found a role as a voice actor in A Bug's Life, proving the versatility Spacey carried as an actor.
American Beauty marked another incredible performance by Kevin that brought him the Academy Award for Best Actor.
Spacey began the year 2000 with Pay It Forward, while he kept winning more Tony awards. His role as Lex Luthor in Superman Returns was widely liked, and he proved to be the right choice.
2010 marked the beginning of Spacey’s journey in Netflix’s House of Cards as Frank Underwood. His work in this series won him several awards and nominations, contributing to an escalation in his net worth. In 2013, Spacey also became the producer of the show, making Kevin Spacey’s salary $20 per year.
Following the sexual assault allegations, Kevin was fired from House of Cards in 2018. This resulted in a downfall for his acting career, as he lost several other roles.
But years later,when he won the sexual lawsuit filed against him, he got roles in Control in 2022 and in Once Upon a Time in Croatia later that year.
Kevin Spacey Controversy
After getting cast into House of Cards, Kevin’s professional life seemed all set and promising until 2017, which changed everything for Kevin. In 2017, the actor faced a sexual assault lawsuit filed against him for assaulting a 14-year-old boy when the actor was 26 years old.
Though Kevin nullified the charges, it did not stop the allegations. Actor Anthony Rapp was the first to make the allegations against Kevin, but soon there were more allegations following up.
This affected Kevin’s reputation badly in the industry, and it resulted in him being fired from many projects, like House of Cards and many of the films he was shooting for at the time.
2018 also carried on with more such allegations coming up against Kevin, further damaging Spacey’s career. In fact, in 2019, it was found that a man who claimed to be a victim of Kevin’s sexual assault committed suicide.
A couple of years later, charges against Kevin were dismissed, and all the cases got closed as he won the lawsuit.
However, MRC, a production company behind Netflix, sued Kevin for $31 million, claiming that the actor breached the sexual assault policy that cost him millions. Kevin’s removal from the show led to MRC producing only eight episodes for the sixth season of House of Cards, when initially it was meant to have 10 episodes.
This damage lawsuit cost Kevin Spencer his current annual net worth. The actor also had to spend millions of dollars in legal fees and other charges.
Kevin’s other ventures
The actor has done many other ventures apart from acting, like starting his own production company called ‘Trigger Street Productions’ in 1997, which he sold off to Relativity Media in 2016. Keevin has also been a director for several films.
The actor has also hosted Saturday Night Live at times, and he has appeared in video games like ‘Call of Duty: Advanced Warfare’.
Summary
Kevin Spacey net worth is estimated to be around $30 million, which is much lower than what it used to be because of the sexual assault allegations filed against the actor in 2017. Though charges have been dismissed today, it has affected Kevin’s life significantly.
Also Read: Jonathan Bailey Net Worth and Bio here.
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