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Kelsey Grammer lost a six-figure sum in bad windmill investment

WENN, Wednesday, March 13, 2013, 3:01pm (PDT)
  • 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.

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