W
hen Bernie Madoff's Ponzi scheme was exposed in 2008, many were stunned to learn that Kevin Bacon and Kyra Sedgwick were among his victims. Although the exact amount they lost is unknown, it's estimated to be around $30 million. In the years following Madoff's arrest, Bacon and Sedgwick worked tirelessly to rebuild their net worth.
The couple has focused on real estate investments, amassing a substantial portfolio over time. Their efforts appear to be paying off, with some smart purchases generating passive income streams. One notable property is a 40-acre farm in Connecticut, which they purchased in 1983 for an undisclosed amount. As the state's average home prices have nearly doubled since 2020, it's likely that Bacon and Sedgwick have built significant equity in the property.
Their New York pad is also expected to see a similar increase in value as they hold onto it year after year. While Bacon spoke publicly about the ordeal shortly after it happened, saying he wouldn't complain about his loss, it's clear that he and his wife are working hard to rebuild their fortune through real estate investments. With high property prices expected to continue throughout the year, they may be able to recoup some of what was lost to Madoff's scam.
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