Johnny Depp’s defamation lawsuit against ex-wife Amber Heard really blew up his private life for the entire world to see. And one of the surprising revelations that came out of it was the actor’s uncontrollable spending habits.
From luxury yachts to purchasing a cannon to shoot writer Hunter Thompson’s ashes during the latter’s funeral, Depp was extravagant with his spending according to his former money manager of 17 years. And when cautioned about it, he started a habit of spending even more! One such expense was his “excessive” wine consumption.
Johnny Depp’s Extravagant Expenses
Joel Mandel and The Management Group (TMG) managed Johnny Depp’s finances for 17 years, between 1999 and 2016. But he fired them after an external auditor went through his books and advised him to do so.
This had come up after Depp’s spending had become ‘increasingly irresponsible’ as per Mandel.
Depp went on to file a lawsuit against TMG alleging that they had mismanaged his money and ‘spent millions of dollars without his permission’. He sought $25 million in damages, which included the professional fees he had paid to TMG over the years.
TMG countersued Depp, stating that his financial problems were because of his own habits and shared details of Depp’s extravagant spending during their tenure as his money managers.
As per the depositions in the lawsuits, Johnny Depp made an estimated $600 million during the time he employed Joel Mandel and TMG, and would spend his money carelessly on ‘a luxurious and extravagant lifestyle’.
This included spending $75 million on 14 homes, $18 million on a 150-foot yacht, $200,000 every month on private jets, $100,000 every month on an addiction specialist, and $4 million on a failed record label.
He even paid $5 million one time to shoot his friend Hunter Thompson’s ashes out of cannon during the latter’s funeral. They became friends after Depp portrayed Thompson in the movie Fear and Loathing in Las Vegas.
According to TMG’s countersuit, Depp “often responded by rebuking and cursing his business managers for issuing [warnings and advice], while increasing his extravagant lifestyle and spending, and demanding that his business managers find some way to pay for it all.”
TMG and Johnny Depp settled their lawsuits outside of court in 2017. The details of which are not known to the public.
Depp’s Former Money Manager Said His Wine Consumption Went From “Casual” To “Excessive”
Via: TheThingsDepositions from Johnny Depp and TMG’s lawsuits were subpoenaed by Amber Heard’s team during Depp’s defamation lawsuit against her. Heard had accused Depp of physical and sexual abuse under the influence of alcohol and drugs.
The recorded testimony of Joel Mandel revealed that Johnny Depp’s spending had skyrocketed around 2010, which was the same year he filmed The Rum Diaries and met Amber Heard. And that Depp’s alcohol and drug consumption had increased dramatically as well.
“What I had always experienced as someone who liked to enjoy his wine at the end of his day became consumption that became excessive,” Mandel said.
Depp’s expenditure on wine was around $30,000 per month.
The testimony also added that before their divorce in 2016, Johnny Depp and Amber Heard wound up a bill of $160,000 with Twenty Twenty Wine Merchants in Los Angeles.
The decision of who would pay the outstanding bill had been part of their lengthy divorce settlement battle.
According to Mandel, Depp refused to ‘take measures to get his finances under control.’
One suggestion had been to sell some of the 14 properties he owned around the world to pay off his rising debt. Depp refused to do that, but he did sell his yacht to J.K. Rowling because ‘he couldn’t afford it.’
Johnny Depp’s History With Wine And A Wild Lifestyle Precedes Amber Heard
Via: InstarDuring Johnny Depp’s defamation lawsuit against his ex-wife Amber Heard, his legal team called upon financial auditor Edward White to testify for him.
During that testimony, White said that after the divorce from Amber Heard had been finalized, Depp had mostly settled his pending wine bill.
“His wine bill has shrunk to virtually zero because he does not continue to consume much in the way of wine,” White said.
But White admitted that it was not zero because Depp still ordered wine from the merchants, ‘especially during Christmas time when he gives out bottles as gifts.’
Details of Johnny Depp’s current wine consumption levels are not known. But his history with alcohol consumption has been well-documented, including the time he was with Kate Moss. He even got his tattoo “Winona forever” changed to “Wino forever” after his divorce from Winona Ryder.
According to The Drinks Business, Depp is fond of drinking Château Petrus, Cheval Blanc, and Domaine de la Romanée-Conti. And his legal battle with The Sun in the UK revealed even more about his lifestyle, including pictures of him blacked-out drunk.
The actor’s wild lifestyle also includes frequent drug abuse, including cocaine, MDMA, Adderall, and opiates.
News
Prince Andrew’s plan to pay for ‘mouldy Royal Lodge’ is exposed in tell-all book
Prince Andrew’s plan to pay for the “mouldy Royal Lodge” has been exposed in tell-all book, according to reports today. Pictures appear to show black mould, cracks and peeling paintwork at Royal Lodge in Windsor, Berkshire. The Duke of York was said to…
King Charles’ incredible act to staff member in the moments after the late Queen died
King Charles put his personal grief to one side to show kindness to the Queen’s staff immediately following her death. Charles had briefly left his mother’s bedside to clear his head when she peacefully passed away. Author Robert Hardman detailed the moment…
‘Disgrace’: Users Slam Kim Kardashian for Wearing Princess Diana’s Cross Necklace & Plunging Neckline Gown at Gala
Kim Kardashian’s latest red carpet look has set the internet ablaze — not because of the dress she wore, but mainly due to the iconic royal jewelry draped around her neck. Fans are divided, with many questioning if she has…
One in four of Prince William’s rental homes are among worst rated for CO2 emissions
More than one in four of Prince William’s rental properties are amongst the worst rated for CO2 emissions, a Mirror investigation has found. Yesterday, a joint investigation with Channel 4 Dispatches showed that one in seven Duchy of Cornwall properties have the worst F and G ratings…
The photographer recognized he had captured something unique after taking this picture
There’s a striking image of Princess Diana and Michael Jackson that’s always stuck with me. At first glance, it seems like just a moment shared between two legends, but dig a little deeper, and there’s so much more to their…
Oprah Winfrey plugs $146 luxury bodycare set gifted by ‘my neighbour Meghan’ – and it’s made by millionaire Montecito beauty guru who appeared in the Sussexes’ Netflix series
Oprah Winfrey has plugged a $146 luxury bodycare set gifted by ‘her neighbour Meghan’ – and it’s made by a millionaire Montecito beauty guru who appeared in the Duke and Duchess of Sussex’s Netflix series. The talk show host, 70, who lives in…
End of content
No more pages to load