Kelsey Grammer Invested In Windmills, Lost Six Figures

For Kelsey Grammer, windmills are likely a sore subject.

The actor was spotted leaving Bouchon in Beverly Hills when he told TMZ about a big loss he took investing in alternative energy. According to Kelsey Grammer, windmills cost him six figures.

“Big wind is doing OK, but it was a small wind investment and it cost me a lot of money,” Grammer told TMZ about his windmill investment.

Though he seemed to be OK with the fact that alternative energy as a whole was doing well, there was no silver lining for Grammer.

“It’s just one of those things that’s just a straight loss,” he said.

Kelsey Grammer likely could have used some of the investment money from the windmills. He recently slashed the asking price for the opulent estate in Beverly Hills he and former wife Camille once shared. After buying the home for $13.7 million back in 2007 and putting a lot of money into extensive remodels, the home is now on the market for just a hair under $15 million.

Kelsey and Camille have been trying to sell off their assets after reaching a divorce settlement back in December. They are also selling a $6.9 million ski chalet in Colorado and a $17.5 million mansion in Malibu. And they just put up a Spanish style estate in Beverly Hills up for rent at $30,000 a month.

Their Beverly Hills home has seven bedrooms, nine bathrooms, a chef’s kitchen, and an exercise room spread across 10,567 square feet.

Though he’s still got plenty of cash left from his Cheers and Frasier days, Kelsey Grammer also lost his most recent source of revenue. His television show Boss was canceled by Starz last year, though there are rumors that a movie could be in the works to appease the fans of the cult hit.

In all, Kelsey Grammer likely wants his windmills investment back.