Johnny Depp’s ‘ultra-extravagant’ lifestyle cost more than $2 million a month, and now he is is facing a financial crisis, according to court papers.
Johnny Depp spent an astonishing $31,000 a month on expensive wines from all over the world, and the 53-year-old actor spent millions of dollars on homes, a chain of islands, private planes, jewelry and a yacht.
The Pirates Of The Caribbean star is suing The Management Group, claiming his finances were mishandled and seeking at least $25 million compensation for taking out loans without his approval and hiding his financial problems from him.
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.”
“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. He has refused to live within his means, despite the best efforts of TMG and the repeated warnings about his financial condition.” – Lawyer Michael Kump, the representative of The Management Group wrote in the cross-complaint, which claims Johnny Depp still owes it $4.2 million.
Depp spent over $75 million on 14 homes, including a 45-acre chateau property in the South of France, private islands in the Bahamas, luxury houses in Hollywood and a Kentucky horse farm, $230,000 on private planes, $18 million on buying and renovating a yacht, $4 million on a record label which failed and $3 million to blast the ashes of writer Hunter S Thompson out of a custom-made cannon, collectible guitars, expensive jewelry, and “a massive and extremely expensive art collection” including art pieces by Warhol, Basquiat and Modigliani. Representatives for Depp have been contacted for a comment.