How Kevin Spacey’s massive wealth disappeared like a tumbling house of cards: Star who was worth £60m with a £9m LA estate, £4.7m Baltimore home and £2.3m London apartment says he now faces bankruptcy

At the height of his career, Kevin Spacey was worth almost £60million with a property empire spanning the US and London, but now the disgraced Hollywood actor is on the brink of bankruptcy over his million-dollar legal fees.

Spacey broke down in tears while speaking to Piers Morgan Uncensored about what his life has been like after he was accused of indecent assault against four men in 2018.

The 64-year-old, who was acquitted of nine charges of sexual assault last July, said he was ‘not quite sure where he was going to live’ as his £4.7million home was sold at auction this week.

He also admitted to being ‘handsy’ and ‘pushing boundaries’ when asked about his alleged bad behaviour, and said he had spoken to a ‘significant’ number of men to personally apologize for his past behaviour.

The House of Cards star was one of the most famous faces in Hollywood until allegations of sexual misconduct were made in 2017.

According to Celebrity Net Worth, Spacey had a 2022 net worth of $70 million – approximately £58.5 million – and made his money from acting, film directing, producing, screenwriting and singing.

Spacey rose to fame with his portrayal of Roger “Verbal” Kint in the 1996 hit The Usual Suspects, which earned him his first Academy Award as a supporting actor.

He founded his own production company Trigger Street Productions in 1997 and won his second Oscar, this time as Best Actor, for 1999’s American Beauty.

It is estimated that at his absolute career peak in the early 2000s, Kevin could easily earn as much as £7.5 million for starring in a major film and almost £4 million for a supporting role.

But his world has been turned upside down since he was accused of abusing his fame and power to carry out nine sexual attacks on four men during his tenure as artistic director of the Old Vic theatre.

When asked where he lives now and if he will file for bankruptcy, the former House of Cards star told Morgan, “This week, where I’ve been living in Baltimore, it’s going to be foreclosed on.

‘My house is being sold at auction. I don’t know exactly where I’m going to live now, but I’ve been living in Baltimore since we started filming House of Cards there.

“I’ve thought about filing a few times, but we’ve managed to avoid it, at least as of today.

‘I still have a lot of legal bills that I haven’t been able to pay. Many millions, yes. The house itself is worth many millions.’

Spacey’s Baltimore home is expected to attract bids of more than $5.6 million (£4.3 million) when it goes under the hammer.

The 9,000-square-foot home in the city’s Inner Harbor seaport was secretly occupied by Spacey while he was filming the Netflix hit House of Cards, ownership of which is listed under Clear Toaster LLC.

The sprawling riverfront property was put up for sale after the actor fell behind on mortgage payments following his sexual misconduct scandal.

Although compact, the five-story home features six bedrooms, seven bathrooms, and a private spot in Baltimore’s historic Seaport.

Spacey also previously owned a 1920s Tudor-style home in LA and pocketed $11 million (£9 million) from its sale in 2017, after reportedly pocketing $2.1 million (£1.6 million) pounds) had paid for the property.

The 6,600-square-foot home, which consists of five bedrooms and four bathrooms, sits on approximately an acre of land on the western edge of Los Feliz,

The Hollywood star also owned the property next door, which he bought for just under $2 million (£1.5 million) in 2001 and sold for $3.5 million (£2.7 million) in 2010.

Across the pond, Spacey owned a £2.3 million luxury apartment in London, which he bought in 2009 while he was artistic director of the Old Vic Theatre.

The 2,547 sq ft, three-bedroom apartment afforded him views of the Houses of Parliament and the London Eye and was put up for sale in 2017 following the allegations.

Spacey is said to have hosted parties at the house during his time as artistic director of the Old Vic and renovated the apartment to suit his bachelor lifestyle. He reportedly splurged on lavish furnishings and theatrical artifacts and installed his own private art collection.

Spacey also owned a three-bedroom, two-bathroom penthouse above a store on Harrison Street in New York.

The price of the 2,300-square-foot apartment was reduced from $5 million to $4.67 million in 2008, but was removed from the listing when news broke that it was for sale. It has not appeared on the market since.

Outside of property, Spacey also owned a luxury Mercedes-Benz S-Class S 560 – worth at least £130,000.

The vehicle featured plush, heated, leather-trimmed seats and a powerful twin-turbocharged V8 engine capable of accelerating from 0 to 60 mph in a breathtaking 4.5 seconds.

Spacey also received praise for his role in the Netflix hit House of Cards from 2013 to 2017, a show in which he earned $20 million per season as an actor and executive producer.

Following the sexual assault allegations against him, which Spacey insisted were “madness,” the streaming giant cut ties with the actor completely.

In 2020, Spacey was ordered to pay $31 million (£25.9 million) to House of Cards production company Media Rights Capital (MRC) after it was revealed he had allegedly acted inappropriately towards someone on the set of the show.

When Morgan asked him what he considers bad behavior, Spacey said, “Pushing the boundaries.

‘Being too handsy, touching someone sexually in a way that I didn’t know at the time that that person didn’t want. Personally, I have caressed people, I have been gentle with people, that’s who I am.

“You’re picking on someone, you don’t want to be aggressive. You want to be gentle. You want to see if they will respond positively.

“I am absolutely 150 percent willing to take responsibility for the things I have done and the mistakes I have made. “Bad, bad, bad behavior sometimes.”

In February 2024, MRC agreed to forgive the debt in exchange for Spacey’s testimony on behalf of the production company in a separate $150 million lawsuit, which has not yet gone to trial.

Spacey is also likely to stand trial again in Britain in early 2025 over a lawsuit from another man who claims the actor sexually assaulted him. Spacey has denied all allegations.

The lawsuit was the result of Spacey’s lawyers successfully challenging a judgment against their client after the actor.

In a statement to Deadline newsSpacey said, “This is not a new lawsuit. As has been widely reported, this is the same lawsuit brought in 2022 by a complainant who was disbelieved by a jury of my colleagues in the 2023 British criminal trial in which I was acquitted.”