Johnny Depp ‘burned’ 650 million USD in 3 years on luxury pleasures
Amateurs used to waste money on useless pleasures. Johnny Depp buys yachts, cannons, private planes and many luxury items.
A decade ago, Johnny Depp was one of the best-earning actors in Hollywood. The Pirates of the Caribbean star ‘s assets at that time amounted to $650 million, according to statistics from Forbes .
What’s even more unbelievable is that in just 3 years, from 2014-2017, Johnny Depp spent all the money mentioned above. In May 2017, The Hollywood Reporter had an article titled “The star is in crisis”, talking about the actor drowning in debt.
The decline of his career, financial emptiness, divorce, and litigation with Amber Heard made Johnny Depp’s name slide further and further.
Amateur with luxurious pleasures
Here, two close employees revealed that the actor born in 1963 is famous for being a wasteful spender. He often spends money on useless pleasures. Depp once bought the island Little Halls Pond Cay for $3.6 million.
Depp owns a lot of real estate, buys yachts, and private planes. Photo: Daily Mail/SCMP.
From a pristine island, he invested tens of millions of dollars to renovate and build more real estate according to his own preferences. Amateurs spend 300,000-400,000 USD monthly to care for and renovate their yachts. On the island there are also security staff, janitors and landscapers.
In addition, Depp once spent 75 million USD to buy a castle in the South of France and luxury villas in Los Angeles (USA), 18 million USD for a luxury yacht, 5.35 million USD to buy 3 island in the Bahamas.
To “take care” of uninhabited properties, he hired about 40 security staff and cleaners and had to pay them salaries of up to 3.6 million USD.
The Pirates of the Caribbean star collected over 70 guitars and 200 valuable works of art. Moreover, he also spent 2 million USD on private jets, jewelry and organizing famous parties.
The actor once spent $5 million on a cannon to commemorate his late best friend, Hunter S. Thompson. The actor shared: “I just want to send him off the way he wants. That is also his last wish.”
In addition, since divorcing model Vanessa Paradis, the actor has not forgotten to provide monthly money for his ex-wife to take care of and raise their children. According to sources from The Hollywood Reporter, this cost is not a small number.
Debt piled up
When he fell into difficult circumstances and debt, Depp was forced to sell his yacht for $10 million along with many other real estate. Four years later, he fired Tracey Jacobs – his longtime manager. At the same time, the actor announced a lawsuit against The Management Group company he founded for $25 million for fraud and mismanagement.
Depp admitted that he is not good at managing money and always depends on others. “I’m not a lawyer. I’m not an accountant either. I can’t help my son do math. I always trust the people around me,” he shared in an interview.
The lawsuit between the actor and his ex-wife has been going on for many weeks. Photo: AP.
However, the company disputes the allegations and claims that star Edward Scissorhands did not pay them commission based on the income he received from the Pirates of the Caribbean movie.
“Depp must take responsibility for his financial waste ,” Joel Mandel shared at the time.
During the trial, financial manager Mandel told the story of Depp entering a jewelry store and staying for several hours.
Here, the store staff used flowery words and gave the actor alcohol. And when he stepped out, in Depp’s hand was a diamond bracelet worth $400,000. However, in reality, this jewelry is not worth the money the actor spent.
Joel Mandel said he repeatedly discouraged Depp from spending lavishly to offset mounting debts. However, the actor ignored it.
To continue maintaining his lavish lifestyle, the actor even borrowed heavily, leaving him in debt. After divorcing Heard , he had to pay her $7 million.
According to Celebrity Net Worth , his fortune is only about 100 million USD. After losing the trial against News Group Newspapers (NGN), the parent company of The Sun , defaming him as a man who beat his ex-wife, Depp had an even harder time when a series of producers turned their backs.
He was arrested by Warner Bros. removed from the movie Fantastic Beasts : The Secrets Of Dumbledore. Amateurs only appear in low-budget movies.
At that time, the actor born in 1963 said he was in a state of crisis and despair. Depp even thought about committing suicide.
“I fell into the abyss of life with an extremely bad mood. I thought about ending this pain by committing suicide because I couldn’t stand it every day,” Johnny Depp confided on Rolling Stone .
To get through the difficult days, Depp practiced writing memoirs using a typewriter to balance his emotions. He often burst into tears thinking about past events while writing them down on paper.
“I drink wine every morning and write until tears run down and I can’t see the pages anymore. I wonder if I treat people very well, love and be sincere with them. But why do bad things happen? This bad thing still happens to me ,” Johnny Depp recounted.
