Known as Sex Addict, Michael Douglas Admits His Libido

Douglas’ son Cameron -  from his marriage to Lucker -  is currently awaiting sentencing after pleading guilty to heroin possession and conspiracy to distribute drugs.

He will be sentenced later this month and faces a minimum 10-year prison sentence. And devastated father Douglas admitted: ‘It’s an ongoing problem. But substance abuse has been a big problem in different areas of our family. I lost a brother five years ago.

‘So it’s terribly sad and a difficult situation. But anybody who has family or friends who have been involved in substance abuse knows what a nightmare situation it and how much pain it causes.’

The actor was talking ahead of the release later this year of his new movie Wall Street: Money Never Sleeps.

In the film, he reprises his Oscar winning role as Gordon Gecko – whose legendary motto was ‘greed is good’-  from the 1987 original.

Speaking in the new issue of Esquire magazine, Douglas revealed he lost more than a third of his wealth in the financial crisis of 2008.

He admitted: ‘I lost 35 to 40 per cent of my net worth on the ’08 crash’ before adding that, since then, he has seen the investments 'come back up'.