Johnny Depp’s extravagant lifestyle has apparently come back to bite him, according to recent reports.
After filing a $25 million lawsuit accusing his former business managers of fraud and mismanagement, the “Pirates of the Caribbean” star is now facing a countersuit from his managers, who claim that the actor led an “extravagant and extreme” lifestyle.
His business managers, Joel and Robert Mandel of The Management Group, said that Depp made $650 million in the more than a decade they worked with him. But Depp reportedly splurged this money on his lavish lifestyle, which included buying 14 properties and a 156-foot yacht and spending $3.6 million a year to pay his 40-person staff, The Hollywood Reporter wrote Wednesday.
Take a look at some of the insane real estate that he has loved, lost, and held on to over his career:
SEE ALSO: Trump is reportedly selling his Caribbean estate for $28 million — take a look inside
Johnny Depp’s business managers alleged that he had spent over $75 million to “acquire, improve and furnish 14 residences,” the lawsuit says.
Source: Hollywood Reporter
His managers persuaded him to sell some of these properties to keep up with monthly bills that totaled $2 million. One of those monthly costs was upkeep for his 150-foot luxury yacht, “Amphitrite,” which he reportedly spent $18 million on.
Source: The Telegraph
His managers claimed that Depp would not be able to afford the $350,000 monthly upkeep he had laid out for this yacht. Joel Mandel, his accountant, convinced Depp to sell the yacht, and it was reportedly bought by JK Rowling in 2016.
Source: Business Insider, AOL, and Hollywood Reporter
See the rest of the story at Business Insider
May 12, 2017 at 08:48PM
from Mary Hanbury
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