Celebrity News

Michael Douglas' Real-Life Wall Street Woes

For actor Michael Douglas, greed isn't necessarily all that good.

Michael Douglas

Douglas won the Oscar for his performance as trader Gordon Gekko in "Wall Street," with his famous catchphrase, "Greed, for the lack of a better word, is good." But his real-life dalliance in the stock market has cost him a small fortune, New York Post reports.

"I lost 35 to 40 percent of my net worth on the 2008 crash," the actor said. He has since taken most of his money out of the stock game.

Douglas isn't hurting too bad, though; his estimated worth is more than $212 million.

The actor will reprise his role as Gekko in "Wall Street: Money Never Sleeps," due in theaters September.