Former managers claim Johnny Depp spends $2 million a month to maintain lifestyle
1 February 2017 Entertainment News
Fourth Estate Staff
Los Angeles, CA, United States (4E) – “Pirates of the Carribean” actor Johnny Depp reportedly spends $2 million a month to maintain his lavish lifestyle.
The reported monthly expenses of Depp were detailed in the countersuit from his former business management company, The Management Group ( TMG ).
Depp sued TMG earlier this January saying that after he fired them, his new business manager discovered serious misconduct. Depp said that the firm collected $28 million in contingent fees that he never agreed to and that they loaned nearly $10 million of his money without his consent. Depp also alleged that they failed to file or pay his taxes on time as well as failed to keep proper books.
Joel and Robert Mandel of TMG said that their company did everything to handle the actor’s finances and they repeatedly told him that he was overspending. The attorney for TMG , Michael Kump , said in a statement, "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. Depp, and Depp alone, is fully responsible for any financial turmoil he finds himself in today."
Some of the examples of expenses listed is $18 million for a luxury yacht, $30,000 for wine, $75 million for the maintenance of his 14 residences, and many more. Depp also reportedly spent $3 million to pay for the blasting of the ashes of author Hunter Thompon via a specially-made cannon to scatter his ashes over Aspen, Colorado.
TMG sued Depp for breach of contract. Kump noted that the lawsuit of Depp against TMG is an attempt to derail foreclosure proceedings the company is pursuing against the actor in an attempt to recover $4.2 million he owes them.
Depp and his attorney, Matthew Kanny , have not yet commented on the matter.
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