Michael Douglas' second Oscar was important to him

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Michael Douglas is back in his Oscar-winning role as one of the screen's most notorious villains, Gordon Gekko. Emerging from a lengthy prison stint, Gekko finds himself on the outside of a world he once dominated. Looking to repair his damaged relationship with his daughter Winnie (Carey Mulligan), Gekko forms an alliance with her fiance Jacob (Shia LaBeouf). But can Jacob and Winnie really trust the ex-financial titan, whose relentless efforts to redefine himself in a different era have unexpected consequences.
June 22nd, 2014

Michael Douglas felt like he was living in his father Kurt Douglas' shadow before winning his second Oscar.

The 69-year-old actor - who won his first Academy Award as a producer of the Best Picture winner 'One Flew Over the Cuckoo's Nest' in 1975 - admits it wasn't until he was crowned Best Actor for 1987's 'Wall Street' that he felt like he'd become his own star.

He said: ''My Best Actor Oscar was extremely important to me because it was the first time I felt that I had stepped out of my father's shadow.''

However, Michael insists there are some positives to have a famous parent as he believes his dad has helped him stay grounded.

He explained: ''The biggest benefit of being a second-generation actor is being able to watch your father and his friends - i.e. Tony Curtis, Frank Sinatra, Burt Lancaster - as people and seeing their foibles and insecurities. You realise they're like anybody else. They've got their issues. So it keeps you kind of grounded.''

The actor still has a close relationship with Kurt and tries to see his parents as much as possible, but admits it can be difficult.

He told People magazine: ''We live cross-country and it can be hard to get out here, but I'm conscious of touching bases as much as I can. They're not demanding.''