11 June 2024 , 18:01
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Disgraced Kevin Spacey broke down today after revealing he’s been forced to sell his home after being left on the brink of bankruptcy due to his million-dollar legal fees.
During a bombshell interview with Piers Morgan on Uncensored, which airs on YouTube tonight, the Hollywood actor made a string of candid revelations. In a new clip, released ahead of tonight’s premiere, he admits the toll the on-going legal battles have had on his finances.
Piers asks him where he is living now - having previously split his time between the UK and USA. The double Oscar winner replies: “Well, it's funny you asked that question, because this week, where I have been living in Baltimore, is being foreclosed on. My house is being sold at auction.”
Piers then probed: “Do you mind me asking how much you owe?” His guest paused before telling Brit: “It's considerable.” Asked by the host if he owes millions, he replied: “Many millions, yes. The house itself is many millions." Asked what he'll do, he responded simply: “Get back on the horse.” Spacey claimed to Piers that he had narrowly dodged filing for bankruptcy on several occasions.
He told the presenter about his financial strife (Piers Morgan Uncensored/Youtube)According to Celebrity Net Worth, Spacey had a net worth of $70million - around £58.5million - back in 2022. He had made most of his money through his illustrious acting career, but as well as being an actor he is also a film director, producer, screenwriter and singer.
Kevin Spacey denies seven sex offences as he appears in court via video link
In 1996 he made his directorial debut for Albino Alligator and in 1997 he founded his own production company, Trigger Street Productions. Spacey was the executive producer of the TV show House of Cards from 2013 to 2017 but in 2020 he was ordered to pay $31million (£25.9million) to the producer after an arbitrator found that he breached his contract by violating the company's sexual harassment policy.
The actor's career and life unravelled when he was accused of sexual misconduct in 2017 but was found not guilty in a 2022 New York lawsuit and was acquitted of sexual assault charges in a separate London trial in 2023. In a groundbreaking interview, he spoke to Piers at length about the accusations he has faced.
He is due to stand trial in the UK again, likely in early 2025, over a lawsuit by another man claiming Spacey sexually assaulted him. Spacey has denied all allegations. He admitted wrongdoing to Piers and stated that he had acted inappropriately towards people. When asked about his "bad behaviour", Kevin responded that he had been "Pushing the boundaries".
The actor later added to the TalkTV broadcaster: "Being too handsy, touching someone sexually in a way that I didn't know at the time they didn't want." Piers replied: "Some people would say that is criminal, that if you grope people in a sexual way against their wishes, that that is a crime."