Kevin Bacon and Kyra Sedgwick Rebuild Wealth After Madoff Scandal

New York, NY — Actors Kevin Bacon and Kyra Sedgwick are recovering from the financial fallout of Bernie Madoff’s Ponzi scheme, which reportedly cost them nearly $30 million. Although they have not disclosed the exact amount lost, the couple has found a new path to financial stability through real estate investments.

The couple owns multiple properties across the United States, including homes in New York, Los Angeles, and Connecticut. Their real estate portfolio has thrived, particularly in Connecticut, where home prices have surged from around $275,000 in 2020 to an average of $451,000 in 2025.

Kevin Bacon purchased their Connecticut estate in 1983, and the increasing property values indicate substantial growth over the years. Meanwhile, in New York, house prices saw a 4.9% rise last year, further enhancing their financial recovery.

While Los Angeles experienced a slight decline in real estate prices last year—down 1.9%—the market has shown significant increases over the past five years. Reports suggest that Bacon and Sedgwick received “a portion” of their lost funds back following the Madoff scandal, but their strategic property investments are aiding in their financial comeback.

Amid this challenging period, Bacon has chosen to maintain a positive perspective. He stated, “Pretty quickly we were able to see all the things we had as opposed to whatever we lost. Those are the biggest cliches: children, health, love, a nice home. So we got through it together.”

The couple’s rural lifestyle has also influenced their eating habits. Bacon shared, “I no longer eat goat and I no longer eat pig, because I have goats and I have pigs.” This change was not without humor, as he noted his wife joked about not adding more animals to their farm.

Their goats, Macon and Louie, were a wedding anniversary gift from Bacon to Sedgwick, showcasing their unique bond. The couple frequently shares snippets of their idyllic life on social media, connecting with fans who enjoy glimpses into their world.