Johnny Depp and his former managers are currently suing each other over his financial struggles. The actor alleges that they did not manage his money properly.
Jake Bloom and Joel Mandel, who were Depp's managers until recently, claim that he is an alcoholic who cannot control his spending.
'Outrageous' spending
The Hollywood Reporter has published a story which details the case of Johnny Depp and his ex-managers, Jake Bloom and Joel Mandel. The actor is suing them for allegedly mismanaging his money and is asking for $25 Million in damages. However, Bloom and Mandel say that Depp refused to limit his spending and would often buy expensive gifts on a whim.
For example, he would spend $30,000 a month on wine, and had a staff of 40 people. The staff alone cost him $3.6 million a year, and he also gave hundreds of thousands of dollars to his ex-partner, Vanessa Paradis, and their two children. In addition, he owns 14 homes which are worth approximately $60 million.
At one point, his monthly spending added up to $2 million. Bloom and Mandel had warned the actor that there was not enough money to cover all of his bills and managed to persuade him to sell his $18 million custom yacht to J.K. Rowling. But in 2016, Depp filed a lawsuit against his former managers, accusing them of fraud and mismanagement.
Drama on set
While the lawsuit is ongoing, rumors have been circulating regarding Depp's behavior on the set of the fifth installment of "Pirates of the Caribbean".
The Hollywood Reporter writes that he would often be extremely late for the filming, costing the production millions. Outside his home, a staffer was set up whose job it was to call the production team as soon as a light went on in Johnny's house, indicating that he was awake, as the producers were too scared to wake up Depp.
The actor was not aware of this arrangement. "Pirates of the Carribean" producer Jerry Bruckheimer and Depp's agent would often have heated arguments over who should take responsibility for the actor's irresponsible behavior. A source told the Hollywood Reporter that the filming experience seemed like a "trainwreck".
The source also claims that once Johnny met his now ex-wife, Amber Heard, he bought her a $400,000 diamond cuff on a whim.
As his spending intensified, the managers found it harder to have a conversation with the star, which led to them being fired. Through all of this, he has largely remained silent, only telling The Wall Street Journal: "It's my money. If I want to buy 15000 cotton balls a day, it's my thing."
