Kevin Bacon and Kyra Sedgwick faced significant financial challenges after falling victim to Bernie Madoff’s infamous Ponzi scheme, reportedly losing around $30 million. Despite this setback, the couple has successfully rebuilt their financial portfolio through strategic real estate investments.
Bacon and Sedgwick currently own several properties across the United States, including residences in New York, Los Angeles, and a picturesque 40-acre farm in Sharon, Connecticut. The Connecticut property, purchased in 1983, has seen substantial appreciation in value, with average home prices in the area rising from approximately $275,000 in 2020 to around $451,000 in 2025. Similarly, New York has experienced a 4.9% increase in housing prices in the past year, although Los Angeles saw a slight decline of 1.9% last year; however, prices have risen significantly over the last five years.
While the couple may have received a partial return of their funds following the fraud, their real estate ventures are providing an excellent source of passive income that is bolstering their financial recovery.
Bacon has expressed a desire to focus on the positive aspects of life, emphasizing gratitude for what they still have, including their family and health. He noted that although the financial loss was considerable, they cherish the things that truly matter. This perspective mirrors their idyllic farm lifestyle, where they are often spotted enjoying time with various animals. Bacon has humorously mentioned how living on the farm has changed his diet choices, preferring not to eat certain animals he has come to know.
The couple’s journey through adversity showcases their resilience and ability to find joy in life despite challenges, and their story serves as a reminder of the value of love, family, and the transformative power of a supportive relationship. They continue to share their charming rural life with fans, fostering a connection through their experiences.