Johnny Depp's Ex-Managers Say His Crazy Spending Has Put Him on the Verge of Financial Collapse

Johnny Depps' ex-managers have filed a countersuit that accuses him of doing a whole bunch of crazy spending.

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Johnny Depp, who previously held the unenviable (but very lucrative) distinction of being the most overpaid actor in Hollywood, almost blew all of his money on a series of insane purchases, at least if a countersuit brought forth by a pair of his ex-managers is to be believed.

According to Variety, some of Depp's creative ways to flush money down the toilet are said to include: $30,000 a month on wine, $150,000 a month on 24/7 security for him and his family, $200,000 a month on private planes, $300,000 a month on his own 40-person staff, $4 million on a failed record label, $18 million on a massive yacht, untold millions on 45 luxury vehicles, $75 million on 14 different residences, more untold millions on 12 storage facilities worth of Hollywood memorabilia, and even $3 million to fire Hunter S. Thompson's ashes out of a cannon, which he did to "[S]end my pal out the way he wants to go out."

All told, they say his lifestyle cost more than $2 million per month.

The suit is a response to one that Depp filed on January 13, which accused The Management Group (TMG) of swindling him out of tens of millions of bucks. Depp claims that they did a poor job of managing his money, didn't fill him in on how he was running out of it, and also took out loans without his consent. Furthermore, he says he only became aware of his financial issues after TMG told him to settle his debt by selling some of his pricey real estate in France.

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As for TMG'sside of the story, they claimthat Depp still owes them more than $4 million. Because of that, they've filed a "non-judicial foreclosure" on his home to get the dough they claim is rightfully theirs. They further stated that they believe the litigation filed by Depp is simply to delay the proceedings on that foreclosure.

Also, according to the ex-managers, the three-time Oscar nominee was more than aware he was spending too much, and often got angry when confronted with advice. As they put it, "Depp often responded by rebuking and cursing his business managers for issuing such warnings and advice while increasing his extravagant lifestyle and spending, and demanding that his business managers find some way to pay for it all."

If you have the time and patience (or even some time and patience) you can check out the entirety of TMG's lawsuit below, which is filled with advice on what not to do if/when you make hundreds of millions of dollars.


 

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