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Real Housewives of Beverly Hills

Kelsey Grammer Lost a Huge Amount of Money Doing What?

We hope Camille Grammer isn’t on the hook to provide spousal support to ex Kelsey Grammer, because the Frasier star has lost six figures on windmills, of all things.

Asked by TMZ for his costliest mistake, he said: "Investing in windmills. You'd think it would be lucrative, but it's not really a friendly environment for new technology, it really isn't.

"Big wind is doing OK, but it was a small wind investment, and it cost me a lot of money ... It's got six figures."

He added: "I'm OK, but I didn't make up for it. It's one of those things that's just a straight loss."

And windmills isn't the only area where the 57-year-old star is losing money — he recently slashed the asking price for his Beverly Hills home.

Kelsey originally put the property, which he shared with Camille, on the market for $18.9 million in 2008 but has reduced the price after it failed to attract a buyer.

The outspoken actor had dropped the asking price several times already. The plush estate, which the former couple bought in 2007 for $13.7 million before extensively remodelling it, is now listed for $14.995 million.

Source: TMZ, BANG Showbiz


03.13.2013 / 08:42 PM EDT by Wetpaint Staff
Related: Real Housewives of Beverly Hills, Camille Grammer, News

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