Kelsey Grammer lost a six-figure sum in bad windmill investment
- Photo: Steve Granitz/WireImage1 of 9
- Photo: ZO5/WENN2 of 9
- Photo: PictureGroup/.3 of 9
- Photo: FS2/WENN4 of 9
- Photo: Steve Granitz/WireImage5 of 9
- Photo: FS2/WENN6 of 9
- Photo: BJJ/Crown/Fame Flynet7 of 9
- Photo: UPA/Retna Ltd.8 of 9
More Celeb News
- Need More Sarah Palin? Right-Wing Firebrand Launches Online TV ChannelMSNEntertainment 7/27/2014 11:42:00 PM
- AP Top Entertainment News At 11:13 p.m. EDTMSNEntertainment 7/27/2014 8:13:21 PM
- The Leftovers' Amy Brenneman: Laurie's "Not So Fragile" AnymoreMSNEntertainment 7/27/2014 8:00:00 PM
- Comic-Con: How 'Bates Motel' Makes Norman and His Mom More Likable (Guest Blog)MSNEntertainment 7/27/2014 7:49:00 PM
- 'Manhattan' Creator on Doomsday Drama: 'Americans Never Met an ApocalypseMSNEntertainment 7/27/2014 5:57:00 PM
- Need More Sarah Palin? Right-Wing Firebrand Launches Online TV Channel
Actor Kelsey Grammer once lost a small fortune after investing in a failed windmill technology project.
The former "Frasier" star reveals his bank balance took a serious hit after he agreed to funnel his hard-earned cash into a new energy plan -- but it didn't work out.
He tells TMZ.com, "It's not really a friendly environment for new technology. It really isn't. You have to have a way in. Big wind is doing okay, but it was a small wind investment, and it cost me a lot of money. ... I'm okay, but I didn't make up for it. It's just one of those things that's just a straight loss."
Grammer refuses to divulge just how much the bad investment cost him, but admits it was at least six-figures.
MORE ON WONDERWALL
Find out which stars attended Jennifer Lopez's birthday celebration on today's Celebs Gone Social.Watch Video »
Selena Gomez, Zoe Saldana, and Maggie Gyllenhaal all get an F on this week's Fashion Offenders.Watch Video »
Cameron Diaz, Rumer Willis, and Ellie Goulding all get an F on this week's Fashion Offenders.Watch Video »
See how Taylor Swift has been rocking red over the years.Watch Video »
Get the scoop on Naya Rivera's wacky wedding on Replay hosted by Wonderwall's Kirby Kristen.Watch Video »
From Beyonce to Jennifer Lopez, see how these stars keep their figures trim.Watch Video »
Like us on Facebook?
UP NEXTSexy Sweeties
From Crowd Ignite