Johnny Depp's former business managers have alleged that the actor is living an extravagant $2 million (£1.5 million) a month lifestyle, complete with 14 houses, 70 guitars, and an enormous appetite for wine. It comes after Depp launched a $25 million ...
By Jeff Spicer/Getty Images.Two weeks ago, Johnny Depp filed a $28 million lawsuit against his former business managersâ€”claiming that they collected over $25 million in fees the Pirates of the Caribbean star never agreed to pay; failed to pay his taxes on time; and engaged in other fraudulent activities while managing his fortune over the last 17 years. And on Tuesday, said former business managersâ€”the Management Groupâ€”countersued Depp, alleging that the actor â€œlived an ultra-extravagant lifestyle that often knowingly cost Depp in excess of $2 million per month to maintain, which he simply could not afford.â€The countersuit goes on to outline a number of alleged expenses Depp rang up over his 17 years with The Management Group. Among them:Over $75 million to â€œacquire, improve and furnish 14 residences, including a 45-acre chateau in the South of France, a chain of islands in the Bahamas, multiple houses in Hollywood, several penthouse lofts in downtown Los Angeles, and a fully-functioning house farm in Kentucky.â€
Over $18 million to â€œacquire and renovate a 150 foot luxury yacht.â€
Millions â€œacquiring and/or maintaining at least 45 luxury vehicles.â€
$30,000 per month on wine â€œhe had flown to him from around the world for his personal consumption.â€
Over $3 million â€œto blast from a specially-made cannon the ashes of author Hunter Thompson over Aspen, Colorado.â€œ
Millions â€œto acquire and maintain a massive and extremely expensive art collection including over 200 collectible pieces and works by world famous artists such as Warhol, Klimt, Basquiat, and Modigliani; many pieces of expensive world class jewelry; and approximately 70 collectible guitars.â€
Over $150,000/month on full-time security for his children.
At least $300,000/month on a staff of approximately 40 full-time employees.
Over $10 million in financial support to his friends, family, and certain employees.
Over $4 million on a start-up musical label run by a childhood friend.
In response to the countersuit, Adam Waldman, a representative for Endeavor Law Firmâ€”the firm representing Deppâ€”offered the following statement to VanityFair.com.â€œHow cataloguing alleged spending by Mr. Depp of his own money could somehow absolve the defendants of a large and multi-faceted mosaic of wrongdoing will ultimately be determined by the Court.â€In the original lawsuit, Deppâ€™s attorney Matthew Kanny wrote, â€œMr. Depp is one of the most sought after and highly paid actors in the world. . . . He is also the victim of the gross misconduct of his business managersâ€”the Management Group and attorneys Joel and Robert Mandelâ€”who collected tens of millions of dollars of contingent fees, purportedly based on an oral contract, all at Mr. Depp's expense.â€Per The Hollywood Reporter, Depp also claimed that his former business managers â€œfailed to file or pay his taxes on time, costing him $5.6 million in federal penalties and interest, failed to keep proper books and loaned nearly $10 million of his money to third parties without authorization.â€On Tuesday, a representative for the Management Group offered VanityFair.com the following statement about their countersuit:
â€œJohnny Depp alone was solely responsible for his extravagant
spending. Over 17 years, The Management Group (TMG) did everything
possible to protect the actor from himself. In fact, when Deppâ€™s bank
demanded repayment of a multi-million-dollar loan and Depp didnâ€™t have
the money, the company loaned it to him so that he would avoid a
humiliating financial crisis. Over 30-years, TMG has never been sued
by a client. The only reason Depp filed this lawsuit was to interfere
with TMGâ€™s ongoing efforts to be repaid on the loan they had made to
bail him out. TMG worked day and night to professionally manage Depp's
business affairs, adhering to the highest standards.â€
Full ScreenPhotos:The Definitive DeppHORIZONS
Marlon Brando advised Depp to slow down: â€œWe only have so many faces in our pockets.â€
Photograph by Annie Leibovitz.SMOOTH SAILING
The actor Johnny Depp in London this fall.
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