Kevin Bacon and his wife moved to a farm after losing their fortune, now they’re happier than ever

When we think about examples of strong, loving Hollywood couples, Kevin Bacon and Kyra Sedgwick are one pair who spring to mind.

The duo have been married for over three decades, celebrating their 35th anniversary this year (they even posted a sweet throwback photo to social media).

And despite both having lengthy careers in the entertainment industry, there was once a time when the pair were losing millions…

Life as Bacon and Sedgwick knew it came crashing down in 2009 when their involvement in the now-infamous Bernie Madoff Ponzi scheme (the largest known Ponzi scheme in history) cost them up to $30 million (according to an estimate by StyleCaster)– as Bacon himself said last year on the SmartLess podcast, it was “most of our money”.

They were just two of many celebrities and high profile figures who were scammed after investing in Madoff’s “too good to be true” financial schemes.

WEST HOLLYWOOD, CA – NOVEMBER 15: Kyra Sedgwick (L) and Kevin Bacon at Moet Celebrates The 75th Anniversary of The Golden Globes Award Season at Catch LA on November 15, 2017 in West Hollywood, California. (Photo by Michael Kovac/Getty Images for Moet & Chandon)

“There’s obvious life lessons there. You know, if something is too good to be true, it’s too good to be true,” Bacon told hosts Jason Bateman, Will Arnett, and Sean Hayes. “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?”

Despite the setback, 65-year-old Bacon and 58-year-old Sedgwick turned adversity into an opportunity for reflection, focusing on the positives. “We’ve made it this far, our kids are healthy, we’re healthy, you know? Let’s look at what we have that’s good,” he reflected on the October, 2022 podcast.

So, with their tails between their legs, Bacon and Sedgwick retreated from the limelight and from Tinseltown in general, finding solace and contentment on a cozy Connecticut farm.

Gradually, the actors both shared snippets of their daily lives on social media, with Sedgwick posting so many videos of her and their goats to TikTok that people now recognize her for it, rather than her acting roles!

“People were like, ’We love you singing with the goats.’ Kevin and I are like, ’Great, have you seen our movies or TV shows?’ But it makes people happy,” the actress and producer told People in March this year.

Interestingly, Bacon and Sedgwick aren’t the only celebs drawn to farm life. In fact, famed actress Jennifer Garner decided to buy back the farm her mother grew up on and transform it into an organic produce project for baby food.

What do you think of celebs gravitating towards farm life? Do you think it would be a nice break from the fast-paced Hollywood experience? Let us know in the comments!

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