Sunday, May 26, 2024

John Travolta 2021 Real Estate Sell Off Continues After a Decade of Flop Movies

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John Travolta has reportedly sold off another big real estate property in Florida, this time for $4 million. He bought the place in 2017 for $3 million.

Earlier this year Travolta unloaded his Maine waterfront estate for many more millions. He and Kelly Preston lived there for years. There were 20 bedrooms!

With these sales, Travolta is down to his primary property with the planes and landing strip in Ocala, and a house in gated Calabasas, California. The Ocala property is situated within something called Jumbolair, a gated community that was itself for sale two years ago for $10.5 million. That’s where Travolta kept a Boeing 737 plane of his own. It’s unclear if he still owns that, as well.

So we’re not weeping for him. But what’s going on here?

What’s going on is that Travolta, who has a high level of living, hasn’t made a movie with decent box office since “Savages” in 2012. And that one only had a worldwide box office of $82 million.

BEfore that was a 2008 film no one remembers called “Bolt,” which somehow made $328 million worldwide.

Travolta has made at least 11 movies since 2013 that have not just lost money but not made any. Almost all have gone straight to video, the trash heap, they were so bad that even airlines wouldn’t take them. Between his lifestyle and tithing huge amounts to Scientoliogy, at this point Travolta would need some cash. So the sell off begins.

 

Roger Friedman
Roger Friedmanhttps://www.showbiz411.com
Roger Friedman began his Showbiz411 column in April 2009 after 10 years with Fox News, where he created the Fox411 column. His movie reviews are carried by Rotten Tomatoes, and he is a member of both the movie and TV branches of the Critics Choice Awards. His articles have appeared in dozens of publications over the years including New York Magazine, where he wrote the Intelligencer column in the mid 90s and covered the OJ Simpson trial, and Fox News (when it wasn't so crazy) where he covered Michael Jackson. He is also the writer and co-producer of "Only the Strong Survive," a selection of the Cannes, Sundance, and Telluride Film festivals, directed by DA Pennebaker and Chris Hegedus.
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