Most people are familiar with Kevin Bacon because of the role that he played in some iconic movies and because of his long time relationship with his wife, Keira Sedgwick. Most people may not know, however, things haven’t always been perfect for him.

Back in the 1980s and 90s, Kevin Bacon was famous for playing in movies such as Footloose, Apollo 13, and Friday the 13th. It seemed as if everything he did was only taking him in the right direction but there was a problem brewing in the background that nobody could have foreseen.

Bacon spoke about the details of his financial upset that caused him to lose millions of dollars. You see, he had entrusted the majority of his wealth to Bernie Madoff, the man responsible for a Ponzi scheme that cost an estimated $64.8 million.

He said: “We had most of our money in Madoff.” Although he didn’t say exactly how much he lost, it seems as if it may have been as much as $30 million.