"How In The Hell Did Johnny Depp Blow Through $650 Million?"
From The Smokeroom:
Johnny Depp is in the middle of a $25 million legal battle with his
former financial advising group but before it came to that, the
Hollywood star somehow blew through the $650 million he earned during
the 13-year span they represented him.
After realizing that his financial crisis was becoming a reality in
2016, Depp fired The Management Group and filed the lawsuit accusing
them of fraud, mismanagement and negligence.
It didn’t take long
for his former financial managers to launch a countersuit. The
Management Group claims they did everything within their power to keep
Depp from falling into financial ruin, but it was his own
“ultra-extravagant lifestyle” that led him to lose it all.
Many of Depp’s outrageous expenses have been detailed in a piece published by The Hollywood Reporter
on Wednesday — and although there are many millions unaccounted for,
it’s easy to see how the “Pirates of the Caribbean” star wasted it all
away.
At one time, Depp was the proud owner of 14 properties around the
world, including an island in the Bahamas, a chateaux in the South of
France, five houses in the Hollywood Hills and another five lofts in
downtown Los Angeles. All in all, the 14 properties alone — not
including costs of general upkeep — are worth an estimated $50-60
million, according to THR.
Depp also had a 156-foot yacht, which
could be considered another property in its own right. He original
bought the luxurious vessel for $10 million, spent an additional $8
million on renovations and shelled out $350,000 a month to maintain it.
When The Management Group began cautioning Depp about his spending, his
yacht was the first thing he let go.
The 53-year-old actor also
required a 40-person staff that cost him $3.6 million a year, spent
$30,000 a month on wine alone, an undetermined amount on his “army of
attorneys” to get him out of various legal troubles, and various loans
like the one he made to his sister Christi Dembrowski for $7 million.
Depp
also once bought a home for his former partner Vanessa Paradis for $4.5
million, owns more than 200 artworks, 45 luxury vehicles and a
collection of around 70 guitars.
According to Depp’s former accountant at The Management Group, Depp
earned $650 million while under their representation. The Hollywood
Reported noted that it’s unclear if Depp understood that his blockbuster
paychecks weren’t entirely his to spend, but he clearly didn’t hold
back by any means....MORE
(RELATED: Johnny Depp’s ‘Clear And Epic’ Sense Of Entitlement Has Earned Himself A Sideshow At Disneyland)
