What is Kevin Spacey's net worth? ‘House of Cards’ cancelation could have cost star up to $6.5M
Kevin Spacey has found it difficult to make it in showbiz in the US after Anthony Rapp came forward with allegations that the actor had made sexual advances toward him when he was just 14 years old in October 2017. Since then several others have shared sexual misconduct accusations against the Academy Award winner, which resulted in the entertainment industry essentially boycotting him over the last few years.
After a period of radio silence, Spacey made headlines once again over the weekend when it was reported that he is set to make a dramatic return to the big screen through an Italian film titled 'L’uomo che disegnò Dio' ('The Man who drew God'), which will release on October 5 this year. In the movie, the star is currently being lined up to play a detective who investigates a falsely accused pedophile. Filming is set to begin soon in what may be Spacey's first big-screen appearance since the sexual assault controversy.
Kevin Spacey net worth
Even after Spacey lost one acting gig after the next in the last few years, he has managed to not go bankrupt. After allegations against him surfaced, he was fired from his starring role in Netflix's 'House of Cards' as the streaming giant was forced to conclude the series with a shortened last season sans the actor. The company also decided against releasing 'Gore', a forthcoming biopic of Gore Vidal, starring Spacey as the writer. His scenes for Ridley Scott's project on John Paul Getty III's kidnapping called 'All the Money in the World' were reshot despite Spacey having already filmed his complete part.
In spite of being cut out of movie and TV parts, his current net worth is $100 million, according to Celebrity Net Worth.
How much did Kevin Spacey lose?
There was a time in 2010s when Spacey was a regular on Forbes' list of top-paid TV actors, earning $12 million in 2016. He was scoring seven-figure acting roles and endorsement gigs without making much effort. In 2017, Forbes predicted that Spacey could end up losing up to $6.5 million in future earnings following the cancellation of 'House of Cards.'
The outlet stated that the actual amount that Spacey would end up losing would also depend on how much he has already been paid by Netflix as well as the morals clause of his contract, which “prohibits employees from doing immoral things and some of the consequences could be a deduction in pay or eliminating pay altogether,” Philip K Bonoli, an attorney and partner at Brutzkus Gubner Rozansky Seror Weber LLP, said, adding, “It’s very difficult for an employer to reclaim wages that have already been paid."
In addition to TV and movie stints, Spacey also lost the gig of teaching an online acting course for MasterClass. He already earned a reported upfront fee of about $100,000 from the e-learning company. However, he most likely did not pocket the 30% of the revenue generated by his classes that he was previously promised.
And with his reputation in tatters and Hollywood no longer interested in casting him, it is difficult to pinpoint exactly how much the actor was slated to make in future projects that he was never offered. However, Forbes estimated that the star commanded at least $2 million for mid-budget movies like 'Baby Driver' and up to $5 million for starring roles in high-budget films. Through endorsement deals, he was able to rack up around $3 million.