The famous actor admits: I'm gay.

One of Hollywood's most esteemed actors, Kevin Spacey, has admitted to being gay.

He made these comments after another actor accused him of being sexually molested.

Anthony Rapp said he was 14 when the actor invited him to his apartment in New York and made sexual demands on him.

He looked drunk. He held me by my arm like I was his bride and then he sat on me,” Rapp said.

Spacey reacted by saying he didn't remember the incident, because he was too drunk.

But he added that if it is true, he deeply regrets.

The actor claimed that he had sexual relations with men and women during his lifetime but has now decided to live as a homosexual.

Spacey said he wants to deal with it with dignity and honesty.

The 58-year-old American actor has won two Oscar awards.