What was Michael Madsen’s net worth? Fortune explored as ‘Kill Bill’ star dies at 67

Cannes Filmfestival 2014 - Closing Ceremony - Source: Getty
Cannes Filmfestival 2014 - Closing Ceremony - Source: Getty

Kill Bill star Michael Madsen has passed away at the age of 67 years old, on July 3, 2025. He was known for playing strong, serious roles in films such as Kill Bill: Volume 2 (2004) and Reservoir Dogs (1992). He had fans across the globe who admired his work.

After the news of his death came out, many fans began to ask how much money he had when he passed. However, according to Celebrity Net Worth, Michael Madsen held a net worth of $500,000. This number is not a guess. It is based on facts, tax records, and his work history.

Michael had a long and successful career, during which he worked for more than 40 years. He worked in over 100 films. He also worked in TV shows and did voiceovers for video games. Besides acting, he also wrote poetry and did photography. But even with all of this, his financial life was not always easy. He had good times, but he also had many problems.


Michael Madsen’s money troubles and hard years

In 2009, Michael Madsen filed for bankruptcy, which meant that he was in debt. He said at the time that in addition to debt, he was making only about $ 3,000 each month. He had not paid rent for his house in Malibu. Madsen also owed money to director Quentin Tarantino and actor Pierce Brosnan. Moreover, he had huge tax bills. He owed over $600,000 dollars to the IRS. He also owed the state of California more than $500,000 dollars. His name stayed on the list of the top tax debtors in California for many years.

Comic-Con International 2015 - "The Hateful Eight" Press Room (Image via Getty)
Comic-Con International 2015 - "The Hateful Eight" Press Room (Image via Getty)

Still, Michael reportedly worked hard to fix things. In 2013, he paid off his IRS debt, a big step for him. However, he continued to face financial challenges even after that. He once said in an interview that he took roles in many small films just to earn money and keep going.


Michael Madsen's son's death and other woes

When Michael Madsen died, trusted sources like Celebrity Net Worth reported that the actor had around $500,000 at the time of his death. This number is based on what he earned, what he owed, and how much he had paid back over the years.

In 2022, Madsen's son Hudson passed away. It was a big loss for Michael and his family. Furthermore, Madsen was also troubled by legal problems. Madsen was arrested more than once in his final years, once for trespassing, another for some family matter. Although it was difficult for him to be cast in big projects, sources claim that he still kept going, taking acting jobs and showing up in small films, trying to stay active. He also gave his time to good causes. He reportedly supported children’s hospitals and helped raise money for kids with cancer.

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Madsen’s life had many ups and downs. Despite working in some of the most famous films in Hollywood, he also faced personal and financial problems. Although Michael Madsen is gone now, people will remember him for his unforgettable characters.

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Edited by Ranjana Sarkar