'M:I 5' Star Tom Cruise & Director Chris McQuarrie 'Take A Hit For The Team' With Epic ALS Ice Bucket Challenge

Kelsey Grammer Lost Big Bucks Investing In Windmills

March 14th, 2013 9:56am EDT

Kelsey Grammer

Sometimes celebrities make poor choices when it comes to investing, and Kelsey Grammer admits he lost a small fortune after investing in a failed windmill technology project.

When the former "Frasier" star agreed to back a new energy plan he took a big hit financially.

He told 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 OK, but it was a small wind investment, and it cost me a lot of money...

"I'm OK but I didn't make up for it. It's just one of those things that's just a straight loss."

Grammer won't reveal how much money  he lost on the project, but he admits it was a least six figures. Ouch!

The actor recently starred in the Starz TV series "Boss."

Photo Credits: PacificCoastNews.com