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 managers—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 managers—the Management Group—countersued Depp, alleging that the actor “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 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 “acquire, 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.”
Over $18 million to “acquire and renovate a 150 foot luxury yacht.”
Millions “acquiring and/or maintaining at least 45 luxury vehicles.”
$30,000 per month on wine “he had flown to him from around the world for his personal consumption.”
Over $3 million “to blast from a specially-made cannon the ashes of author Hunter Thompson over Aspen, Colorado.“
Millions “to 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.”
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 Firm—the firm representing Depp—offered the following statement to VanityFair.com.“How 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.”In the original lawsuit, Depp’s attorney Matthew Kanny wrote, “Mr. 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 managers—the Management Group and attorneys Joel and Robert Mandel—who collected tens of millions of dollars of contingent fees, purportedly based on an oral contract, all at Mr. Depp's expense.”Per The Hollywood Reporter, Depp also claimed that his former business managers “failed 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.”On Tuesday, a representative for the Management Group offered VanityFair.com the following statement about their countersuit:
“Johnny 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 Depp’s bank
demanded repayment of a multi-million-dollar loan and Depp didn’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 TMG’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.”
Full ScreenPhotos:The Definitive DeppHORIZONS
Marlon Brando advised Depp to slow down: “We only have so many faces in our pockets.”
Photograph by Annie Leibovitz.SMOOTH SAILING
The actor Johnny Depp in London this fall.
Photograph by Annie Leibovitz.The Rebel. Photographed by Herb Ritts for the April 1995 issue.The Cover Boy
Photographed by Annie Leibovitz for the February 1997 cover. Styled by Lori Goldstein.The Director. Photographed by Annie Leibovitz for the February 1997 issue. Styled by Lori Goldstein.The Blue Boy
Photographed by Annie Leibovitz for the February 1997 issue. Styled by Lori Goldstein.The Twisted One
Photographed by Annie Leibovitz for the February 1997 issue. Styled by Lori Goldstein.The Rapscallion
Photographed by Annie Leibovitz for the March 2004 issue.The Rocker
Photographed by Mark Seliger for the November 2004 cover. Styled by Sarajane Hoare.The Maverick
Photographed by Mark Seliger for the November 2004 issue. Styled by Sarajane Hoare. Read “The Maverick King,” by Steven Daly.The Dreamer
Photographed by Mark Seliger for the November 2004 issue. Styled by Sarajane Hoare.The Artiste
Photographed by Mark Seliger for the November 2004 issue. Styled by Sarajane Hoare.The Success Story
Photographed by François-Marie Banier for the July 2009 cover. Styled by Samantha McMillen.The Escape Artist
Photographed by François-Marie Banier for the July 2009 issue. Styled by Samantha McMillen.The Hunter (S.)
Photographed by François-Marie Banier for the July 2009 issue. Styled by Samantha McMillen.The Charmer
Photographed by François-Marie Banier for the July 2009 issue. Styled by Samantha McMillen.Photographed by François-Marie Banier for the July 2009 issue. Styled by Samantha McMillen.The Lover
Photographed by François-Marie Banier for the July 2009 issue. Styled by Samantha McMillen.