Kelsey Grammer Windmills, Blows Hundreds of Dollars

According to TMZ, Kelsey Grammer blew hundreds of thousands of dollars investing in windmills.

Reporters at TMZ asked the Frasier star what his worst investment ever was.

"Investing in windmills. You'd think it would be lucrative, but it's not really a friendly environment for new technology, it really isn't."

The X-Men star shared his outlook on the state of green energy saying that ''big wind is doing OK but small wind isn't and it cost me a lot of money."

How much money, you ask? Well, according to Grammer "it's got six figures."

Grammer says that he is doing fine financially but doesn't hold out any hope of recouping his initial investment.

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

According to Grammer, the investment ranks as a bigger loss than his costly divorce with former wife Camille and the home that they bought together.

Grammer has been attempting to sell the Beverly Hills area home that he purchased for $13.7 million in 2007. Grammer had the house extensively remodeled and put the house back on the market in 2008 with an asking price of $18.9 million.

He has had to reduce the price several times, trying to secure a buyer. The most recent cut brought the sale price down to approximately $14.9 million.

What do you think? Will Grammer ever get that money back? Is wind energy turning around?  

Sound off in the comments.