least $25 million from The Management Group after he alleged they
mishandled his finances. In a countersuit, his former managers didn’t
hold back, claiming he has no-one but himself to blame for his financial
troubles.
and Robert Mandel claim they repeatedly warned Depp that he was
overspending, according to The Hollywood Reporter.
knowingly cost Depp in excess of $2 million per month to maintain, which
he simply could not afford,’ attorney Michael Kump wrote in the
cross-complaint. ‘Depp, and Depp alone, is fully responsible for any
financial turmoil he finds himself in today.’
According to TMG’s claims, the actor spent $75 million on
the purchase of 14 residences including a chateau in France, splashed
out $18 million on a luxury yacht and paid more than $3 million to blast
the ashes of author Hunter Thompson over Aspen, Colorado, from a
specially-made cannon. This is in addition to spending $30,000 a month
on wine, travelling by private jet and maintaining 12 storage facilities
housing his fine art and memorabilia collections.
The management
company is seeking $4.2 million it claims he still owes the company.
Variety reported on January 13th that Depp accused his former managers
of ‘gross misconduct’ that led to him losing ‘tens of millions of
dollars’. He alleged the company had failed to file or pay his federal
taxes on time costing him millions in fees and fines and lent $10
million of his money to a third party without his knowledge. It is the
latest troubling episode for the Pirates Of The Caribbean star who had
to fork out $7million in divorce settlement to ex-wife Amber Heard.
