Kyra Sedgwick, an acclaimed American actress, has made a significant mark in the entertainment industry over the years. As of 2024, her net worth is estimated to be around $45 million, a figure that reflects her successful career in film and television, as well as her ventures in production. This wealth is a combined total with her husband, actor Kevin Bacon, with whom she has shared a successful partnership both personally and professionally for over three decades.
Kyra Sedgwick’s journey in the entertainment world began at a young age. She made her television debut at just 16 years old in the soap opera “Another World.” This early start paved the way for a diverse career that has included roles in numerous films, television series, and made-for-TV movies. Her most notable role came from the TNT crime drama series “The Closer,” which aired from 2005 to 2012. Sedgwick’s portrayal of Deputy Chief Brenda Leigh Johnson earned her critical acclaim, including a Golden Globe Award in 2007 and an Emmy Award in 2010.
Early Life and Background
Born on August 19, 1965, in New York City, Kyra Minturn Sedgwick grew up in a family with a rich cultural background. Her mother, Patricia, was a speech teacher and family therapist, while her father, Henry Dwight Sedgwick V, was a venture capitalist. Kyra has a brother, Robert Sedgwick, who is also an actor, and a half-brother, Mike Stern, a jazz guitarist. After her parents’ divorce when she was six, her mother remarried, further enriching Kyra’s upbringing.
Kyra attended Friends Seminary and later pursued her passion for acting at Sarah Lawrence College and the University of Southern California, where she earned a degree in theater. This educational foundation helped her hone her craft and prepared her for a successful career in acting.
Career Highlights
Kyra Sedgwick’s career took off in the early 1980s, with her first significant role in “Another World.” Following this, she appeared in various television shows, including “Miami Vice” and “Afterschool Special.” Her film career began with roles in movies like “War and Love” and “Lemon Sky.” Throughout the 1990s, she gained recognition for her performances in films such as “Singles,” “Something to Talk About,” and “Phenomenon,” the latter grossing over $152 million worldwide.
However, it was her role in “The Closer” that solidified her status as a leading actress. Initially earning $150,000 per episode, her salary increased significantly over the show’s run, reaching $350,000 per episode by its conclusion. This lucrative contract contributed substantially to her net worth, as she appeared in all 109 episodes of the series.
After “The Closer,” Sedgwick continued to work in television, producing the series “Proof” and making guest appearances on shows like “Brooklyn Nine-Nine.” In 2020, she starred in the ABC comedy “Call Your Mother,” although it was canceled after one season.
Financial Ventures and Real Estate
In addition to her acting career, Kyra Sedgwick has ventured into production with her company, Big Swing Productions, launched in 2018. The company focuses on creating inclusive stories and amplifying diverse voices in film and television. This entrepreneurial spirit has further contributed to her wealth.
Kyra and Kevin Bacon have also made significant investments in real estate. In 2011, they purchased a home in Los Feliz, Los Angeles, for $2.5 million. The couple also owns a 40-acre property in Sharon, Connecticut, and a luxurious apartment with views of Central Park in New York City. These properties not only serve as personal residences but also as valuable assets in their financial portfolio.
Challenges and Setbacks
Despite her success, Kyra Sedgwick faced significant financial challenges due to her involvement in Bernie Madoff’s Ponzi scheme. Reports suggest that the couple lost a substantial portion of their wealth, estimated between $30 to $40 million, which impacted their financial standing. However, they have managed to rebuild their net worth through their continued work in the entertainment industry and smart financial decisions.
Personal Life
Kyra Sedgwick and Kevin Bacon first met on the set of the PBS production “Lemon Sky” and married in 1988. They have two children, Travis and Sosie, both of whom have pursued careers in the arts. Their family ties extend beyond personal relationships, as they discovered through the show “Finding Your Roots” that they are ninth cousins once removed.
Throughout their marriage, Kyra and Kevin have collaborated on various projects, showcasing their strong partnership both on and off-screen. Their enduring relationship is a testament to their commitment to each other and their shared passion for the arts.
Conclusion
Kyra Sedgwick’s net worth of $45 million is a reflection of her successful career as an actress, producer, and director. With a rich history in the entertainment industry, she has built a legacy that extends beyond her financial achievements. Her ability to navigate challenges, including financial setbacks, while continuing to pursue her passion for storytelling has solidified her status as a respected figure in Hollywood.
FAQs
What is Kyra Sedgwick’s net worth?
As of 2024, Kyra Sedgwick’s net worth is estimated to be $45 million.
How did Kyra Sedgwick make her money?
Kyra Sedgwick earned her wealth primarily through her acting career, particularly from her role in “The Closer,” as well as through production ventures and real estate investments.
Is Kyra Sedgwick related to Kevin Bacon?
Yes, Kyra Sedgwick and Kevin Bacon are married and have been together since 1988. They also discovered they are ninth cousins once removed.
What are some of Kyra Sedgwick’s notable awards?
Kyra Sedgwick has won several awards, including a Golden Globe Award in 2007 and an Emmy Award in 2010 for her role in “The Closer.”
Did Kyra Sedgwick inherit money?
Kyra Sedgwick is estimated to have inherited around $16 million from her father, Henry Dwight Sedgwick V.