Farrell Loses Millions In Property Market Crash

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March 11, 2012 | 7:26pm EST

Hollywood actor Colin Farrell has lost more than $5.6 million in investments following the property market crash in his native Ireland, according to a U.K. report.
The Phone Booth star, who divides his time between homes in Los Angeles and Dublin, Ireland, reportedly invested more than $10.4 million in 14 properties in the Irish capital between 2004 and 2007.

However, house prices have fallen by more than 50 per cent in some parts of Dublin in recent months, and the star’s property portfolio has dropped in value to around $4.8 million, according to Britain’s The Sunday Times.

The price drop means Farrell has lost around half of his initial investment.