Johnny Depp He lost his $650 million fortune in the dumbest way possible. What happened at that time? Who motivated him?

Why Johnny Depp & Amber Heard Rum Diary Failed

Johnny Depp has been one of the biggest working movie stars since the ’90s, and possibly even the ’80s if his smaller roles are to be considered, and yet the actor’s net worth in 2024 is a lot lower than it’s ever been in his career. Johnny Depp’s professional career began in 1984 when he appeared in a little horror film titled, Nightmare on Elm Street. While many now-famous actors have started in horror, Depp’s performance was particularly notable and the longevity of the franchise means his debut is lauded rather than teased at.

From there, Depp went on to star in the hit cop drama series, 21 Jump Street, which led into bigger roles. Johnny Depp’s movie and TV career has since grown to include Oscar-worthy performances, tent-pole franchises, and everything in between. In recent years, Depp has been at the center of a notable amount of controversy, particularly regarding his public divorce case with his former wife, Amber Heard. It’s been a tumultuous couple of years for Depp, not that his net worth will be dramatically affected. That has already happened.

Johnny Depp’s 2024 Net Worth Is $150 Million

Depp Has A Lucrative Brand Deal With Dior

Angelique (Eva Green) wrapping her hand around the neck of Johnny Depp as Barnabus Collins in Dark Shadows John Dillinger (Johnny Depp) with a machine gun in Public Enemies Joel Edgerton as John Connolly talking to Whitey Bulger (Johnny Depp) in Black Mass
Raoul Duke (Johnny Depp) with a cigarette in his mouth in Fear and Loathing in Las Vegas Johnny Depp holding a piece of paper as Gellert Grindelwald in Fantastic Beasts: The Crimes of Grindelwald

As of 2024, Johnny Depp’s net worth is $150 million (via CelebrityNetWorth). Despite his recent financial troubles, Depp still has a staggering net worth. In 2024, he voiced a character in Johnny Puff: Secret Mission and directed and produced Modì, Three Days on the Wing of Madness. Neither film made major waves at the box office but still added to his net worth. Royalties on movies and TV shows must provide him with a significant amount as well, and Depp also reportedly earned seven figures on a multi-year endorsement deal with Dior.

How Johnny Depp Earned $650 Million Between 1999-2016

Depp Was At One Point Earning $20 Million Per Role

Jack Sparrow's (Johnny Depp) eyes wide with fear in a scene from Pirates of the Caribbean 5
Image via Disney

Johnny Depp’s net worth was even higher before 2016, approaching something close to $650 million at its peak. Between 1999 and 2016, Depp was earning upwards of $20 million per role, and often receiving 20% on the backend. This resulted in almost $40 million a piece for each of the Pirates of the Caribbean movies and $55 million for Alice in Wonderland (via THR). That’s not even to mention Charlie and the Chocolate FactoryThe Lone RangerBlack Mass, and the other massive movies that were part of his CV in those years.

Depp Found Out He Owed The IRS $100 Million In 2016

A closeup of Johnny Depp as Edward Scissorhands looking sad

Then it all came crashing down, much to Johnny Depp’s shock. In 2016, Depp walked into a meeting with his accountants to discover that not only was his $650 million fortune gone, but he was also in the hole for $100 million which he owed to the IRS (via Variety). As news began to come out and papers investigated, a clearer picture began to be painted. Depp fired his management team, United Talent Agency, and sued his longtime accountant, Joel Mandel. Mandel’s TCM firm counter-sued Depp, alleging he neglected to pay them.

The Hollywood Reporter‘s investigation revealed that,

“…Depp’s capricious behavior and poor decision-making placed him in a serious financial bind, which paved the way for the rupture with his closest advisers.”

Essentially, Depp was on the hook. Though, it’s important to note that Depp still had a high income, possibly up to $60 million, even amid financial turmoil. Multiple houses, fine art purchases, lavish gifts for Amber Heard who he married in 2015, and many more expenses contributed to draining Depp’s bank account. Eventually, Depp decided to take responsibility for his spending, saying,

“I am ready to face the music, in whatever way I must.”

His relationship with Mandel was never repaired, and Johnny Depp‘s 2024 net worth has been rebuilt without the help of his longtime confidant.

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