Joshua Goldman
Joshua Goldman
min read · July 11, 2025 · Entertainment

Gene Hackman's $80M Estate Plunged by '6-Figure Credit Card Debt': Celebrity Finances Uncovered

Gene Hackman and his wife, Betsy Arakawa, racked up a massive debt before he died at the age of 95 in New Mexico in February. Seen in 1994

The Shocking Secrets of Hollywood Icon Gene Hackman's Final Days

In a stunning revelation, it has come to light that Hollywood legend Gene Hackman and his wife Betsy Arakawa were deep in debt at the time of their tragic passing. The Superman star, who died at the age of 95 in New Mexico, had accumulated an astonishing $98,345 on his Citibank Mastercard, according to court documents obtained by UsWeekly.

But that's not all - it appears Betsy Arakawa, a talented artist and former production assistant on the TV game show Card Sharks, owed another $4,329 on her Bank of America account. The total debt? A whopping $102,675. Yes, you read that right - the power couple, who were worth an estimated $80 million, left behind a financial mess that's leaving fans and friends stunned.

Hackman, right, and his companion Betsy take a look over Berlin Wall in the district of Kreuzberg in 1989

So, what happened to the Hackman fortune? Was it spent on lavish lifestyle upgrades or simply mismanaged over time? We may never know for sure, but one thing is certain: Gene Hackman, known for his rugged good looks and iconic movie roles (including Lex Luthor in the Superman franchise), was no stranger to living life to the fullest.

In fact, the couple's sprawling New Mexico property, which sits on six acres of land with breathtaking views of the Rocky Mountains, is estimated to be worth between $3.8 million and $4 million. And get this - it could fetch as much as $5 million when it hits the market! "The home is big, stylish, and has great bones," says a real estate agent at Coldwell Banker, who predicts there will be plenty of offers.

But amidst all the glamour and excitement, there's a more somber side to this story. Gene Hackman, who died from heart disease with complications from Alzheimer's disease, passed away just a week after his wife Betsy. The cause of her death? A rare hantavirus infection.

The New Mexico property is reportedly worth around $3.8 million to $4 million

As investigators dug deeper into the couple's final days, they discovered some intriguing details about Betsy's last email exchanges and phone calls. It appears she was frantically researching flu-like symptoms and breathing techniques in the days leading up to their deaths. And in a particularly chilling discovery, her computer showed that she had been looking into medical concierge services in Santa Fe.

But what really caught our attention was the extraordinary footage released by the Santa Fe County Sheriff's Office, which shows a heartbroken German shepherd watching over the couple's lifeless bodies as deputies entered their home. The images are both haunting and heartbreaking, offering a glimpse into the tragic end of this beloved Hollywood couple.

So, who were Gene Hackman and Betsy Arakawa really? How did they meet, and what drove them to live in the picturesque town of Santa Fe, New Mexico?

'Even though two people passed away in the house, there will still be plenty of offers,' added the real estate expert

Gene Hackman, born on January 30, 1925, was a five-time Oscar nominee who won best actor for his iconic role in The French Connection (1972) and best supporting actor for Unforgiven (1992). With a career spanning over four decades, he appeared in countless movies, including the beloved Hoosiers. But away from the cameras, Hackman led a quiet life with his wife Betsy, who met him while working part-time at a California gym in the mid-1980s.

Betsy, born in December 1959 in Honolulu, Hawaii, was an artist and production assistant on Card Sharks. She attended the University of Southern California, where she cheered for the Aztecs soccer team, before moving to Santa Fe with Gene.

The couple's love story is a fascinating one - they relocated to Santa Fe by the end of the 1980s and settled into their beautiful Pueblo-style home, which was extensively remodeled in 1990. As vice president of Pandora's, a home decor store in Santa Fe, Betsy was involved in the local community and helped her husband navigate the challenges of living under the spotlight.

Hackman and Christopher Reeve in Superman IV in 1987

In recent years, Gene Hackman had been dealing with health issues related to Alzheimer's disease, while Betsy seemed to be struggling with the couple's financial woes. But despite their problems, they remained devoted to each other until the very end.

The story of Gene Hackman and Betsy Arakawa serves as a poignant reminder that even Hollywood legends are not immune to life's challenges. Their tragic passing has left fans around the world mourning the loss of two beautiful souls who lived life with passion and dedication.

Sources:

John Travolta and Hackman in Get Shorty in 1995

  • UsWeekly
  • The Scholarly Note (thescholarlynote.com)
  • Santa Fe County Sheriff's Office

Hackman with Luke Wilson, Gwyneth Paltrow, Grant Rosenmeyer, Ben Stiller, Jonah Meyerson, Anjelica Huston, Danny Glover, Kumar Pallana in The Royal Tenenbaums in 2001