Celebrity News

Ex-Managers Say Johnny Depp Spends $2 Million a Month
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

johnny-depp

Summary: A countersuit claims that the extremely wealthy Johnny Depp is overspending.

Pirates of the Caribbean star Johnny Depp spends a whole lot of bullion. Two million dollars a month to be specific. At least if you believe the allegations in the countersuit of his ex-business managers.

  
What
Where


Depp’s former managers Joel and Robert Mandel filed the countersuit on Tuesday after Depp sued them, claiming that they had mismanaged his fortune. But the duo didn’t take the smack talk lightly, and they filed a countersuit in Los Angeles Superior Court in which they said Depp’s extravagant spending habits were to blame for his money problems, not them.

According to The Hollywood Reporter, the Mandels of The Management Group (TMG) said that Depp spent $75 million to upkeep his 14 global residences and $18 million on a yacht. The managers also said that Depp was able to spend what some Americans make in a year–$30,000–on wine alone.

Even crazier, the Mandels allege Depp spent $3 million to blast the ashes of Hunter S. Thompson over Aspen, Colorado. Depp played Thompson in the cult classic Fear and Loathing in Las Vegas, and he was known to have a special connection to the author.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




“Depp lived an ultra-extravagant lifestyle that often knowingly cost Depp in excess of $2 million per month to maintain, which he simply could not afford,” the Mandels’ attorney Michael Kump wrote in the cross-complaint. “Depp, and Depp alone, is fully responsible for any financial turmoil he finds himself in today.”

Joel and Robert Mandel said that TMG did everything it could to responsibly handle Depp’s money, but he did not listen to their warnings about overspending.



TMG’s countersuit was a response to Depp’s lawsuit, which was filed earlier this month. The superstar said that the Mandels were guilty of misconduct and that the firm collected $28 million in contingent fees in which he did not agree to. He said TMG also did not pay his taxes on time or keep proper books, and that the company sneakily loaned out $10 million of his money without authorization.

This is not the first time in recent months that Depp’s money has been in the news. His $7 million divorce from actress Amber Heard was finalized in early January, and it has been reported that he will pay the amount in installments, a somewhat odd action for an actor rumored to make nearly $20 million a movie.

TMG v. Depp Cross-Complaint by ashley6cullins on Scribd

Image credit: Tinseltown / Shutterstock, Inc.

Source: The Hollywood Reporter

Do you believe Johnny Depp or his former business managers? Let us know in the comments below. 



 

Interesting Legal Sites You May Like


BCG FEATURED JOB

Locations:

Keyword:



Search Now

Litigation Trial Attorney with 3-5 years of pleading experience

USA-WA-Seattle

Seattle office of our client seeks litigation trial attorney with 3-5 years of experience. The candi...

Apply Now

Corporate Attorney with mergers and acquisitions experience

USA-CA-Los Angeles

Los Angeles office is seeking a corporate attorney with 1-6 years of M&A, corporate finance, securit...

Apply Now

Estate Planning Attorney with 6+ years of experience

USA-CA-Los Angeles

Los Angeles office is seeking an experienced estate planning attorney with 6+ years of experience. C...

Apply Now

Condominium Associate Attorney

USA-IL-Chicago

Chicago office of our client seeks condominium associate attorney with 1-3 years of experience. The ...

Apply Now

RELEVANT JOBS

Corporate / Commercial Attorney | Lebanon, NH

USA-NH-Lebanon

Downs Rachlin Martin PLLC seeks an experienced corporate / commercial attorney to join its Lebanon o...

Apply now

Business Law Junior Associate | Burlington, VT

USA-VT-Burlington

Downs Rachlin Martin seeks associate attorney with 1-3 years of experience to join its Commercial an...

Apply now

Business Law Associate | Burlington

USA-VT-Burlington

Downs Rachlin Martin is seeking an attorney with 4 to 8 years of experience to join its very busy pr...

Apply now

Litigation Associate

USA-NY-New York City

Midtown Manhattan litigation boutique with diverse civil litigation practice seeking associate with ...

Apply now

Most Popular

SEARCH IN ARCHIVE

To Top