It’s not easy being Johnny Depp. It’s not inexpensive, either. Imagine if you had all these financial obligations:
- Maintaining 14 residences, purchased for $75 million (including a string of islands in the Bahamas)
- 45 luxury automobiles
- 200-piece art collection – including Andy Warhol
- 12 storage units of celebrity memorabilia
- 70 collectible guitars
- 24/7 security and 40-person entourage at $400,000 per month
- Private air travel expense of $200,000 per month
- Wine purchases at $30,000 per month
- $7 million divorce settlement ending 15-month marriage
With two recent motion-picture box-office bombs, Mr. Depp’s expenses are outpacing his income. So of course he is doing what any sane person would do: blame somebody else. Johnny Depp is suing his long-time business managers, The Management Group, for $25 million, claiming they never told him he might have some financial problems. TMG responded that they, “… repeatedly warned and advised Depp to reduce his spending and sell unnecessary assets. But ultimately, the decision whether and how to spend his money was a decision for Depp to make. Depp listened to no one, including TMG and his other advisors, and he demanded they fund a lifestyle that was extravagant and extreme.”
And you thought you had problems.
