The following are excerpts from an official court document submitted to the Superior Court of the State of California, County of Los Angeles, Central District on January 31, 2017. John C. Depp, II (you know him as the gifted actor Johnny Depp)
is named as one of the plaintiffs. The defendants include a company that Depp had employed to assist in managing his finances.
You may or may not be shocked by the following:
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. The following examples are just some of the ways that Depp chose to spend his money (p.3).
- Depp spent in excess of $75 million to acquire improve and furnish 14 residences, including a 45-acre chateau in the South of France, a chain of islands in the Bahamas, multiple houses in Hollywood, several penthouse lofts in downtown Los Angeles, and a fully-functioning horse farm in Kentucky (p.3).
- During this same time, Depp spent lavishly on various luxury items, including spending over $18 million to acquire and renovate a 150 foot luxury yacht (p.3).
- Depp spent millions more acquiring and/or maintaining at least 45 luxury vehicles (p.3).
- He spent $30,000 per month on expensive wines that he had flown to him around the world for his personal consumption (p.3).
- 200 collectible pieces of art and works by world famous artists such as Warhol…(p.3).
- 70 collectible guitars (p.3).
- Depp also spent many millions more over the years on extremely rare and expensive Hollywood collectibles. Depp’s collection of Hollywood memorabilia involving such icons as Marilyn Monroe, John Dillinger and Marlon Brando is so extensive that it fills approximately 12 storage facilities…(p.3).
Try to take that in for a minute. The management firm estimated that Depp required in excess of $2 million per month to live at his desired standard of living. $2 million a month! $24 million annually! And it still wasn’t enough!
The document (linked below) also included the following remarks:
Depp’s voracious spending consistently outpaced his earnings (p.10).
Depp, and Depp alone, is fully responsible for any financial turmoil he finds himself in today. He has refused to live within his means (p.4).
Have you any response to this?
I’d love to hear your thoughts!
What advice might you offer Mr. Depp?