Apparently, Kevin Spacey is homeless.

[d.anders]

If you can believe this report, it looks like he's run out of money.

 

[+ purplekow]

By homeless, according to my reading of another article about this, his final home which was in Baltimore was foreclosed, so he is living at Airbnb and hotels.  He is working as a singer in Cyprus and moves where he finds work.   So he is not on the street, just out of houses,  

Edited Saturday at 04:53 PM by purplekow

[jeezifonly]

His inappropriate behaviors carry the additional weight of Hollywood's ick-factor gag reflex about all gay sex. He knew that, and somehow thought his talent and bankability would allow it to be swept under the rug. He's a predator (directly to my ear from his high-school classmate who had an encounter with him) and is unlucky enough to have had the standard American shunning amplified more than his het counterparts. UK probably done with him as well. 

Italy?  Germany? 

[EZEtoGRU]

2 minutes ago, purplekow said:

By homeless, according to my reading of another article about this, his final home which was in Baltimore was foreclosed.  so he is living at Airbnb and hotels.  He is working as a singer in Cyprus and moves where he finds work.   So he is not on the street, just out of houses,  

"Homeless" can mean different things according to varying situations.  I was technically homeless for a year between 2015 and 2016.  I was already retired and planning a year of heavy travel.  I decided to give up my apartment in Houston, put everything in storage and then do lots of travel (cruises, vacations in Europe/South America, etc). I kept my P.O. Box in Houston and when I was in town (which was about 30% of the time), I stayed mostly at The Hilton Americas downtown (at the time, they had an excellent Hilton Members lounge with a great hot breakfast and also evening snacks +  beer and cheap wine...all included in the room rate).  I used to joke to friends at my local Houston watering hole that I was "premium homeless" and living at the Hilton.

Back to reality and Kevin Spacey's situation.  Obiously being on the street and truly homeless is awful.   So far, Kevin is not in that situation.  I didn't watch the above video, but I would be curious what his current net worth is.   Has his money truly run out?  I mean the guy had a huge/successful acting career that lasted decades.   He had to have made tens (hundreds?) of millions of dollars during that time.  Has he spent it all on legal fees and living large?

[Luv2play]

I read today that he lost some large legal cases that resulted in him having to pay damages in the tens of millions of dollars. That is why had lost his house in Baltimore, the last piece of real estate he could call home.

He’s still earning money in acting and other gigs in far off places I read so not penniless. But yes, a huge come down for a top tier actor in decades past. 

[caliguy]

How is this even possible? He had a net worth of 100 million back in 2017. 

He just means he's broke by Hollywood standards. 

[+ sniper]

Those net worth websites have a pretty large margin of error. They tend to add up reported earnings and make no allowance for their expenses. Half of their gross earnings go to taxes and their agents/managers. And a y properties thry have obviously need to be maintained.

There's a C-list actor who goes to my gym. He's been in recurring roles on a number of shows and is almost always working, but streaming has killed residuals, as far as I can tell he's just living an upper-middle class life in the burbs with a stay at home wife and kids. His net worth is less than $500k on one site and $3 million on another. I could believe either figure.

[d.anders]

Wasn't it Joan Collins who said all the published income numbers are fake? Those numbers are created for the tabloid public and media consumption. Unless you're someone like Cher who can tour, actors usually fall into the trap of wealth perception. It wasn't long ago where I saw Gary Oldman and Colin Farrell talking about serious financial lows in their lives. The public usually doesn't know the whole truth, because actors are typically very private about this stuff.

[+ JamesB]

“Net worth” websites can give you a rough sense of scale like whether someone is a millionaire or a billionaire but their actual numbers are usually way off. Their biggest flaw is treating gross income as net worth. If an actor signs a $10 million deal, these sites simply add $10 million to the person’s net worth. In reality, that income gets carved up quickly. Agents 10%, managers 10–15%, lawyers around 5%, publicists, and then taxes often 50% or more in states like California or New York. That $10 million can shrink to $3 million or less.

These sites also count visible assets but can’t account for hidden liabilities. If a celebrity buys a $20 million house, they add $20 million to the net worth even though the celebrity might have only put down $5 million and taken out a $15 million mortgage. The sites rarely factor in ongoing costs either like security team, staff, private travel, and the entire “celebrity lifestyle,” which can burn through millions a year.

[Nue2thegame]

Depending on who is generating the estimate, the estimates can be much more accurate. For institutions that need to know(banks, development offices, etc), services like Dun & Bradstreet or even Forbes have access to more reliable information. It’s out there for those that know where to look. 

[marylander1940]

22 hours ago, EZEtoGRU said:

"Homeless" can mean different things according to varying situations.  I was technically homeless for a year between 2015 and 2016.  I was already retired and planning a year of heavy travel.  I decided to give up my apartment in Houston, put everything in storage and then do lots of travel (cruises, vacations in Europe/South America, etc). I kept my P.O. Box in Houston and when I was in town (which was about 30% of the time), I stayed mostly at The Hilton Americas downtown (at the time, they had an excellent Hilton Members lounge with a great hot breakfast and also evening snacks +  beer and cheap wine...all included in the room rate).  I used to joke to friends at my local Houston watering hole that I was "premium homeless" and living at the Hilton.

 

Homeless to most means one sad thing that many Americans experience in a daily basis. 

living in different hotels out of choice is not being homeless.

22 hours ago, EZEtoGRU said:

 

Back to reality and Kevin Spacey's situation.  Obiously being on the street and truly homeless is awful.   So far, Kevin is not in that situation.  I didn't watch the above video, but I would be curious what his current net worth is.   Has his money truly run out?  I mean the guy had a huge/successful acting career that lasted decades.   He had to have made tens (hundreds?) of millions of dollars during that time.  Has he spent it all on legal fees and living large?

You'd be amazed about how many people missed the opportunities for wealth life gave them thinking they will last forever and later in life regret not being wiser with money.

3 hours ago, d.anders said:

Wasn't it Joan Collins who said all the published income numbers are fake? Those numbers are created for the tabloid public and media consumption. Unless you're someone like Cher who can tour, actors usually fall into the trap of wealth perception. It wasn't long ago where I saw Gary Oldman and Colin Farrell talking about serious financial lows in their lives. The public usually doesn't know the whole truth, because actors are typically very private about this stuff.

Agreed and we have examples around us of "30,000 millionaires". 

[+ sniper]

4 hours ago, Nue2thegame said:

Depending on who is generating the estimate, the estimates can be much more accurate. For institutions that need to know(banks, development offices, etc), services like Dun & Bradstreet or even Forbes have access to more reliable information. It’s out there for those that know where to look. 

Pretty sure I can't legally acquire information from Dun and Bradstreet on an individual without their consent.

[+ purplekow]

8 hours ago, d.anders said:

Wasn't it Joan Collins who said all the published income numbers are fake? Those numbers are created for the tabloid public and media consumption. Unless you're someone like Cher who can tour, actors usually fall into the trap of wealth perception. It wasn't long ago where I saw Gary Oldman and Colin Farrell talking about serious financial lows in their lives. The public usually doesn't know the whole truth, because actors are typically very private about this stuff.

Gary Oldman at the least has a $3 million house in Palm Springs.  An acquaintance of mine who is renovating the house next door says he is there on weekend a month.   So I would not worry about him.   Champagne problems.  Granted the house in not spectacular but it is in the shadow of the mountains in  a nice section. of town.