In the world of Hollywood, financial ups and downs are not unheard of, but few could have anticipated the blow that seasoned actor John Malkovich would face in the infamous Bernie Madoff investment scandal. With a career spanning several decades, Malkovich has left an impact on the entertainment industry. However, he found himself among the thousands of victims dealing with financial losses. Let’s see how the Bernie Madoff scam impacted his net worth.
Malkovich’s Career Highlights
John Malkovich’s journey in showbiz started in 1984 with his big-screen debut in ‘Places in the Heart,’ which earned him an Academy Award nomination. Over the years, the actor starred in films such as ‘In the Line of Fire,’ ‘Empire of the Sun,’ ‘Being John Malkovich,’ ‘Burn After Reading,’ and ‘Dangerous Liaisons.’
Malkovich also proved his directing talents with films like ‘The Dancer Upstairs’ and theatrical productions, earning prestigious awards like the Molière Award for ‘Good Canary.’ Additionally, he took up writing and producing, contributing to projects like ‘Juno’ and ‘The Perks of Being a Wallflower.’ The actor also made television appearances, portraying characters like Javert in ‘Les Misérables’ and Hercule Poirot in ‘The ABC Murders.’
John Malkovich’s Net Worth And The Bernie Madoff Scam
The Hollywood star’s varied career endeavors contributed to his financial success. He has a current net worth of $25 million. However, the 2008 Bernie Madoff investment scandal substantially blew his net worth. As part of the estimated 37,000 victims, he lost a massive $2.2 million because of this fraud. Later, he only got back $670,000 of his money.
The actor shared his thoughts about the scam with Details magazine in 2013, saying:
“I don’t view it as a negative experience… To me, it was, ‘You think you have a bunch of money – and you don’t.’ So what? Most people don’t (have a lot of money). I think it kind of reconnected me to how most people live all the time. And, unlike a lot of people that were involved in the Madoff thing, I could just go back to work, and it was fine.”
Malkovich also co-owns a restaurant called Bica do Sapato and a nightclub named Lux in Lisbon, Portugal. He made a property move in 2006 by purchasing a home in Cambridge, Massachusetts, for $1.585 million. Still, he later sold it for $3.115 million.