It’s some weeks from now when Johnny Depp; a renowned Hollywood actor, sued his business managers for professional negligence claiming they mishandled his money for 17 years (1999-2016). The Management Group, however, took a further step in this case and they filed a suit against their ex- boss claiming he still owes them some amount.
The upcoming case discloses some of the actor’s extravagant lifestyle, which the countersuit claims it’s the main cause of Depp’s financial turmoil. The former managers have alleged that the actor spent $30,000 a month on wine and a shocking $3m blasting author Thompsons’ ashes from a cannon. Depp reportedly said that he was just giving the best of wishes to his long time friend. Thompson died in 2005, at the age of 67 after shooting himself. He had kept their friendship with Depp since they both appeared in the 1998 Fear and Loathing in Las Vegas movie. It’s believed that Johnny Depp bankrolled the ceremony that involved raising cannon, 47m high to the top of a tower on Hunter’s Colorado farm.
After launching their countersuit on January 31, The Management Group claimed Depp was so arrogant to heed their financial advice and that of the other advisors. Depp claims on the managers included financial mismanagement and defraud, hiding the extent of his spending from him and taking out loans without his approval.
On the other hand, the countersuit responded that Depp was fully briefed and well informed of his extravagance. They claimed that the poor states of his finances were due to his own negligence and spend drift behavior that included a failed record label valued at $ 4m, $ 18m on the 150-foot yacht and luxurious private planes valued at $ 200,000 a month. Other spends included $ 150, 000 on security a month and $ 300,000 for maintaining his 40 staff a month.
TMG, (The Management Group) said that Depp has refused to live within his means. He despised the constant warnings about the financial status and instead rebuked them for issuing such advice and “unnecessary” warnings. In December last year, Johnny Depp was named one of the worst value actors by the Forbes magazine. Depp has now won the same title twice- he also won it in 2015. Depp has also been in a long allegation of assaulting the then wife, Amber Heard during a domestic fight in their Los Angeles apartments. There have been some domestic allegations by Amber Heard against Depp way back in August 2016; the two settled the case the same month. Amber Heard withdrew the charges from Depp after they came to an agreement.
Depp has appeared in many favorite movies such as the Harry Potter, spinoff Fantastic Beasts & Where to Find Them and this year he will turn up in his most iconic character, Captain Jack Sparrow; for the sixth film of Pirates of the Caribbean. He has also received various awards, and his latest being the People’s Choice awards that were held last month. He made an emotional speech where he thanked all his fans for believing in him and always supporting him in the acting career. Depp’s long and unsettled domestic allegations came to an end after they divorced successfully, January this year.