The publication Rolling Stone presents a quite revealing new profile for famous actor Johnny Depp.
The highlights include multimillion-dollar lawsuits, a haze of booze and hash, a marriage gone very wrong and a lifestyle he can’t afford.
It’s estimated that Depp has made $650 million on films that netted $3.6 billion. Almost all of it is gone. He’s suing The Management Group, run by his longtime business manager, Joel Mandel, and his brother Robert for negligence, breach of fiduciary duty and fraud. The suit cites, among other things, that under TMG’s watch Depp’s sister Christi was given $7 million and his assistant, Nathan Holmes, $750,000, without his knowledge, and that he has paid the IRS more than $5.6 million in late fees. (Most of the ire is directed toward Joel, who had day-to-day responsibility for Depp’s account.) There are additional charges of conflict of interest, saying that TMG invested Depp’s money for its own purposes and returned it without profit. The suit seeks more than $25 million from TMG, accounting for “tens of millions” it claims TMG illegally took for its commission, plus any additional damages the court sees fit.
The Mandels categorically deny all wrongdoing and are countersuing, alleging that Depp breached his oral contract with the company. The suit suggests that Depp has a $2-million-a-month compulsory-spending disorder, offering bons mots like “Wine is not an investment if you drink it as soon as you buy it.” Depp was continuing to “concoct malicious and false allegations” against the company, according to TMG’s countersuit, because TMG had filed a private foreclosure notice on one of Depp’s properties, claiming Depp owes TMG $4.2 million in unpaid loans.
Over the past 18 months, there has been little but bad news for Depp. In addition to the financial woes, there were reports he couldn’t remember his lines and had to have them fed to him through an earpiece. He had split from his longtime lawyer and agent. And he was alone. His tabloid-scarred divorce from actress Heard is complete, but not before there were persuasive allegations of physical abuse that Depp vehemently denies. Depp’s inner circle had begged him to not wed Heard or to at least obtain a prenup. Depp ignored his loved ones’ advice. And there were whispers that Depp’s recreational drug and alcohol use were crippling him.
