Johnny Depp accused of spending $2 million per month by former managers

01 February 2017

Johnny Depp's extravagant lifestyle has been exposed in new legal documents filed by his former business managers.

The Pirates of the Caribbean star has been accused of spending beyond his means by bosses at The Management Group (TMG), who Depp sued earlier this month for allegedly mishandling his finances.

According to The Hollywood Reporter, the star claims the company collected $28 million (R378 million) in fees that he never agreed to, repeatedly failed to file his taxes in a timely manner and loaned roughly $10 million (R135 million) of his money without being authorised to do so.

TMG executives have responded to the allegations by maintaining they did all they could to manage Depp's money and routinely raised caution with him when it came to his spending habits.

A complaint filed on Tuesday  by company heads Joel and Robert Mandel lists a string of costly purchases made by the actor, including a $75 million (R1 billion) payout toward 14 homes and an $18 million (R24 million) yacht. They also accuse the film star of spending a whopping $30,000 (R405 million) on wine each month.

"Depp lived an ultra-extravagant lifestyle that often knowingly cost Depp in excess of $2 million (R27 million) per month to maintain, which he simply could not afford," attorney Michael Kump states in the claim. "Depp, and Depp alone, is fully responsible for any financial turmoil he finds himself in today.

"Depp also paid over $3 million (R40 million) to blast from a specially-made cannon the ashes of author Hunter Thompson over Aspen, Colorado. Depp is responsible for his own financial waste."

The Oscar nominee was recently at the centre of a high-profile legal battle with his ex-wife Amber Heard, who he has agreed to pay $7 million (R94 million) following their split last year.

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