Kevin Bacon Net Worth

Kevin Bacon

Kevin Bacon is American actor, best known for his roles in Footloose, Tremors, and Mystic River. Having started in Hollywood in the late 1970s, Bacon has appeared in more than 100 movies and television series.

However, it’s not just his work on the big screen that has contributed to his massive success. Kevin Bacon’s net worth has also been impacted by his work as a producer and director. Additionally his band, real estate investments, and charity organization also impact his net worth.

Read on to discover Bacon’s most successful projects and follow his career from the beginning until now.

Young Kevin Bacon
Photo Credit: Featureflash Photo Agency

Early Life

Kevin Norwood Bacon was born on July 8, 1958, in Philadelphia. His father, Edmund Bacon, was the executive director of the Philadelphia City Planning Commission. And his mother, Ruth Hilda Holmes, was an elementary school teacher and liberal activist. He is the youngest in a brood of six.

Bacon attended middle school and high school at Julia R. Masterman High School. He later attended Bucknell University on a full scholarship in their Pennsylvania Governor’s School for the Arts.

Kevin Bacon Closeup
Photo Credit: Ga Fullner

Acting Career

When he was 17 years old, Bacon moved to New York to pursue a career in theater. Three years later, he had his film debut as Chip Diller in the comedy National Lampoon’s Animal House.

The paycheck for the role wasn’t a big addition to Kevin Bacon’s net worth at the time, as it was only a salary of $700 a week during the filming.

The next few years had Bacon appearing in minor roles in films like Starting Over, Friday the 13th, and in director Barry Levinson’s directorial debut, Diner.

During the start of the 1980s, Bacon was cast in a recurring role in the television soap opera Guiding Light. He portrayed the character Tim Werner for seven episodes. He also played roles in the TV films The Demon Murder Case and Mister Roberts.

Footloose
Photo Credit: Paramount Pictures

Footloose

It was in 1984 when Bacon shot to fame almost overnight with the box office hit Footloose. The film did not exactly get ravishing reviews from critics. However, the soundtrack was instrumental in attracting moviegoers.

Footloose became one of the top-grossing films in the US for that year. Gross earnings amounted to $80 million with a budget of only $8.2 million. This included Bacon’s reporting acting salary of $1 million.

Tremors
Photo Credit: Blumhouse Productions

Tremors

In 1990, Bacon would star in two very memorable films, although they were not really huge box office hits. The first was Tremors, which spawned several sequels and where Bacon earned a $500,000 paycheck.

With a budget of $11 million, the movie grossed a little over $16 million worldwide.

Flatliners

The second movie that year was Flatliners, which made a respectable $61.5 million from theaters worldwide. It featured a stellar cast that included Julia Roberts, Kiefer Sutherland, William Baldwin, and Oliver Platt. The film was directed by Michael Douglas.

JFK
Photo Credit: Warner Brothers

JFK

The next big hit for Bacon would be the political thriller JFK in 1991, where Kevin Costner played the lead role of Jim Garrison, and Bacon was cast as Willie O’Keefe. It opened in the US with earnings of $5.2 million and went on to finish at a whopping $205.4 million.

A Few Good Men

A year later, Bacon would star in another blockbuster, this time joining Hollywood A-Listers Tom Cruise, Demi Moore, and Jack Nicholson in A Few Good Men. Critics applauded the film and showered it with a multitude of nominations, including Best Picture at the Academy Awards.

Likewise, moviegoers also gave it a warm welcome as it earned over $15.5 million on opening weekend. It went on to rake in $243.2 million in theater revenues against a budget of $41 million.

By this point, Kevin Bacon’s net worth was slowly rising with each film, as were the amounts of his paychecks. For his performance as Captain Jack Ross, Bacon took home a salary of $650,000.

Apollo 13
Photo Credit: Universal Pictures

Apollo 13

In 1995, Bacon starred in Apollo 13 opposite Tom Hanks. It turned out to be yet another smash hit, generating $355.2 million in theater earnings.

The film won two out of nine Oscar nominations that year. Bacon and the entire cast, with co-stars Tom Hanks, Ed Harris, Gary Sinise, Bill Paxton, and Kathleen Quinlan, also won the SAG Award for Outstanding Performance by a Cast in a Motion Picture.

The River Wild
Photo Credit: Universal Pictures

The River Wild

In the same year, Bacon appeared in a supporting role in the adventure thriller The River Wild with Meryl Streep. He earned his first Golden Globe nomination for that performance. The movie went on to earn $94.2 million at the box office.

Sleepers

In 1996, Kevin Bacon’s net worth got a sizable boost of $2.5 million when he starred in the legal drama Sleepers. It features a formidable cast that includes big names in the likes of Brad Pitt, Robert de Niro, and Dustin Hoffman.

Hollow Man
Photo Credit: Columbia Pictures

Hollow Man

As the new millennium began, Bacon’s star shined even more brightly as he continued to star in commercial hits. First up was the sci-fi horror film Hollow Man. With a relatively large budget of $95 million, it was able to generate more than twice that at $190.2 million. It also won him Favorite Actor at the Blockbuster Entertainment Awards in 2001.

Kevin Bacon at opening night party for LIFE X 3
Photo Credit: Everett Collection

Mystic River

In 2003, Bacon would appear in one of his most critically acclaimed films to date. Mystic River earned six Academy Award nominations, with Sean Penn and Tim Robbins bagging the trophy for the two top actor categories.

At the box office, it started rather slowly, with only $640,815 coming in during the opening weekend. But after the theater run was over, the film’s gross earnings reached $156.6 million. It had a production budget of $25 million.

Kevin Bacon 2004
Photo Credit: Featureflash Photo Agency

The Woodsman

In 2004, Bacon worked with his wife Kyra Sedgwick in The Woodsman. It was the fourth movie that the couple had starred in together. Unfortunately, the film was a box office flop, earning less than $4.7 million in theaters.

Kevin Bacon and wife Kyra Sedgwick arrive at the 12th Annual WB-In Style Golden Globe After Party
Photo Credit: DFree

X-Men: First Class

Bacon would join X-Men: First Class in 2011 when he took on the role of Sebastian Shaw. Like most Marvel movies, First Class had an awesome turnout in theaters. It made a very impressive $352.6 million against a budget of $160 million.

The Following
Photo Credit: FlickDirect Inc

The Following

In 2013, Bacon was cast in the role of Ryan Hardy in the Fox TV series The Following. It would be one of Bacon’s most notable television roles, especially after having appeared in 45 episodes. He won the Saturn Award for Best Actor during the first season of the show.

Kevin Bacon
Photo Credit: lev radin

Recent Work

Prior to the pandemic, Bacon had starred alongside Amanda Seyfried in the psychological horror You Should Have Left. And in 2022, he starred in They/Them and Space Oddity, which was directed by his wife Kyra Sedgwick.

Bacon has three film products that are in the works, including Beverly Hills Cop: Axel Foley opposite Eddie Murphy. The project is currently filming as of writing this.

Kevin Bacon performs with the Bacon Brothers
Photo Credit: Paul McKinnon

The Bacon Brothers

Also impacting Kevin Bacon’s net worth is his band, The Bacon Brothers, which he started with his brother Michael Bacon. Together, the two label their music as “Forosoco,” meaning it’s a blend of folk, rock, soul, and country music.

The brothers have played songs all over the world, from Japan to Carnegie Hall to the Grand Ole Opry.

The Bacon Brothers
​Photo Credit: Debby Wong

Other Ventures

In 2012, Kevin Bacon’s net worth got another boost when he appeared in a series of EE Mobile Network commercials in the UK. His participation in the ad campaigns was based on the concept of Six Degrees and his numerous roles in films.

In 2015, Bacon was selected as the spokesperson for the egg industry in the US. The campaign was based on a pun of eggs and bacon.

Kevin Bacon and Kyra Sedgwick
Photo Credit: lev radin

Bernie Madoff’s Ponzi Scheme

Another sizable impact on Kevin Bacon’s net worth came from his involvement with the fraudster Bernie Madoff. In fact, his net worth was north of $100 million at the time he was lured into the trap. Like many other celebrities at the time, Bacon and his wife had invested heavily in the Ponzi scheme. The couple suffered losses in the tens of millions of dollars.

Kevin Bacon and Kyra Sedgwick
Photo Credit: Everett Collection

“There’s obvious life lessons there. You know, if something is too good to be true, it’s too good to be true,” Bacon said in an interview with EW.

“When something like that happens, you know, you look at each other, then you go, ‘Well, that sucks. Let’s roll up our sleeves and get to work,’ you know?” he added.

According to reports, the Madoff Victim Fund has returned more than $4 billion to the more than 40,000 Madoff victims. This includes an undisclosed amount that Bacon and his wife had recovered.

Kevin Bacon
Photo Credit: Kathy Hutchins

Six Degrees of Kevin Bacon

In 1994, a bunch of college buddies came up with the game called Six Degrees of Kevin Bacon. It is based on the six degrees of separation concept where everyone can be linked to anyone else in six steps or less.

Bacon later established the group SixDegrees.org inspired by the game. To this day, Bacon continues to run the nonprofit organization, which has raised more than $12 million in funds.

Kevin Bacon attends the One Degree From Kevin Bacon at Vulture Festival
Photo Credit: Debby Wong

Real Estate

Together with his wife, Bacon purchased a home in Los Angeles in 2011 for $2.5 million. The property is located in the neighborhood of Los Feliz.

Back in the 1990s, they had also invested in a rural estate in Sharon, Connecticut that covered 40 acres. The couple also owns a lavish New York City apartment.

Kevin Bacon Family: Kyra Sedgwick with Sosie Bacon and Kevin Bacon
Photo Credit: s_bukley

Personal Life

Kevin Bacon has been married to actress Kyra Sedgwick since 1988. Together they have two children – Travis Sedgwick and Sosie Ruth, who is also an actress.

The couple lives in Manhattan on the Upper West Side. Earlier in the 1980s, Bacon had dated actress Tracy Pollan for five years.

Kevin Bacon Net Worth
Photo Credit: Kathy Hutchins

Kevin Bacon’s Net Worth 2022

As of 2022, Kevin Bacon’s net worth is estimated at $45 million. And while that number is largely from his acting career, it’s also impacted by his producing and directing work, his investments, his real estate portfolio, and his band.

Fans of Bacon can look forward to seeing him next in Beverly Hills Cop: Axel Foley with Eddie Murphy and The Toxic Avenger opposite Peter Dinklage and Elijah Wood.

He’ll also star in Sam Esmail’s Leave the World Behind, which is a family drama based on the upcoming novel by Rumaan Alam. The film also stars Julia Roberts and Ethan Hawke.

And if that wasn’t enough, he’s also in pre-production on the TV series Lucky 13. The series is billed as a high-stakes general knowledge rolling quiz show, where Bacon will serve as the host and executive producer. 

He’s also set to direct the crime-comedy, A Problem of Providence, though that project is still in very early development.

But most recently is James Gunn’s The Guardians of the Galaxy Holiday Special, which released on Disney+ on November 25, 2022.

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