2:22pm PT by Ashley Cullins
Johnny Depp Lives $2M-a-Month Lifestyle, Claim Ex-Managers in Lawsuit
Johnny Depp's extravagant spending on staff, real estate and oddities is detailed in a countersuit from his former business management company.
Depp sued The Management Group earlier this month, claiming that after he fired TMG his new business manager discovered serious misconduct. He claims the firm collected $28 million in contingent fees he never agreed to, consistently failed to file or pay his taxes on time, failed to keep proper books and loaned nearly $10 million of his money to third parties without authorization.
Joel and Robert Mandel claim they and their company did everything within their power to handle Depp's finances responsibly and repeatedly warned him that he was overspending, according to a cross-complaint filed Tuesday in Los Angeles County Superior Court.
"Depp lived an ultra-extravagant lifestyle that often knowingly cost Depp in excess of $2 million per month to maintain, which he simply could not afford," writes attorney Michael Kump in the cross-complaint. "Depp, and Depp alone, is fully responsible for any financial turmoil he finds himself in today."
Among the examples of excess listed by TMG is $75 million lavished on 14 residences, $18 million shelled out for a luxury yacht and $30,000 per month spent on wine. "Depp also paid over $3 million to blast from a specially-made cannon the ashes of author Hunter Thompson over Aspen, Colorado," writes Kump.
TMG claims Depp's lawsuit is an attempt to derail foreclosure proceedings the company is pursuing against the actor in an attempt to recover $4.2 million he owes them.
TMG is suing Depp for breach of contract and promissory fraud, and is asking the court for a declaration that "Depp is responsible for his own financial waste."
Depp's attorney Matthew Kanny has not yet commented on the cross-complaint, which is posted in full below.