Dangerous Liaisons, In The Line Of Fire Star John Malkovich Reveals Losing His Fortune To Fraudster Bernie Madoff Was 'Freeing'

John Malkovich

First Posted: 10/08/11 09:47 BST Updated: 09/10/11 11:12 BST

John Malkovich found losing his fortune "freeing".

The actor-and-director lost more than $10 million in 2008 thanks to fraudulent investment adviser Bernard Madoff but insists he isn't bitter about the experience.

According to Bang Showbiz, he said, "It's only money. If you have the ability by the insane, fortunate nature of your life to make money, losing basically all the money I'd ever made is very freeing. I'm not unhappy. Some good things came out of it."

The Dangerous Liaisons star says his philosophical approach comes from meeting "real" people with problems when he was hospitalised earlier this year.

The star, who is directing at the Edinburgh Festival this year in a show with Julian Sands dedicated to celebrating the talent of playwright Harold Pinter, explained: "I had knee surgery this year and I was in hospital in Poland, in a clinic with real people who actually have problems, as opposed to me who gets paid a fortune to pretend I have problems. That's worth paying a few million bucks for."

While he is resigned to losing his money now, Malkovich, 57, admits his view of the world changes from day to day.

He added: "People are many things, myself included. Also, how I viewed the world on Monday may not be the same as on Friday."

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John Malkovich found losing his fortune "freeing". The actor-and-director lost more than $10 million in 2008 thanks to fraudulent investment adviser Bernard Madoff but insists he isn't bitter about...
John Malkovich found losing his fortune "freeing". The actor-and-director lost more than $10 million in 2008 thanks to fraudulent investment adviser Bernard Madoff but insists he isn't bitter about...
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03:17 PM on 09/15/2011
If you make any more money, come see me and I will free you more.

I like John M as an actor very much , just kidding with my remark. But I could use the cash, I have this deal going......
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KDMac
It's called sarcasm, Genius.
01:55 PM on 08/12/2011
Way to stay positive, John! At least you have your looks! Wait.....scratch that....
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practiceempathy
Tolerance need not yield to willful ignorance.
04:19 PM on 08/12/2011
Meow.
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KDMac
It's called sarcasm, Genius.
07:02 PM on 08/12/2011
Yeah, I know. But you have to admit that, while he's a great actor, he isn't much in the looks department.
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MexDiva
09:35 PM on 08/10/2011
Good attitude! Imagine the seniors that actually lost all they had without any chances to get back to work...you're a fortunate man indeed, Malcovich.
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Fudgefase
Boldly going nowhere...
07:43 PM on 08/10/2011
It's a much healthier attitude than letting it fester inside.
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eva belle
Kolob a-calling
02:24 PM on 08/10/2011
Diversification, diversification, diversification. How do you hand 'all' your money to one basket?
08:50 PM on 08/10/2011
Madoff was supposed to put it into a bunch of baskets and (by all appearances) he had a remarkable track record for choosing baskets that yielded big returns. The SEC should have been curious about Madoff's investments, but they were watching porn instead, so I don't know how the average investor would have smelled a rat. The scandal with Madoff was that he was taking Malcovich's money, then Kevin Bacon's money, then Spielberg's money, and he was paying dividends to Malcovich from Bacon's investment and to Bacon from Spielberg's investment...for who knows how many years. When you have a fortune of 3billion like Spielberg, you probably have many seeing to it. But a little forturne like Malcovich's - he probably felt grateful that Madoff would even agree to handle such a little fortune.
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Kimiko Austin-Rijs
American/European
11:19 AM on 08/10/2011
I admire him, he understands that unlike many, the money he made can more easily be replaced because of the connections that he has made.
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the grange gorman
Rachel Corrie is the greatest person since Lennon
10:10 AM on 08/10/2011
Great actor. No point being bitter over money.
08:50 PM on 08/10/2011
He's a good director too.
09:40 AM on 08/10/2011
Right on. Finally it's news that we are not defined by our wealth.
01:29 AM on 08/11/2011
Good on you, Sophia Jones. Excellent! It is VITAL that people understand that "prices" are not "values" -- and that the greatest resources, and therefore most valuable things in the world, are LOVE in the heart and IDEAS in the mind. We are NOT defined by our wealth, indeed!
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KDMac
It's called sarcasm, Genius.
01:56 PM on 08/12/2011
Easily said by someone who isn't destitute by any means. For the people who lost everything and have nothing to fall back on, however, you can't blame them for being bitter.