His expenses matched his income, leading to financial troubles and legal battles in recent years.
The 59-year-old actor Johnny Depp ought to be celebrating his golden years of one of the most remarkable and lucrative film careers in history. Instead, his personal life has garnered a lot more media attention than his acting career.
Although Depp still has a very respectable $150 million in net worth, it is not enough to place him among the top 50 celebrities in the world today. His earnings through sponsorships, backend points, and wages between 2003 and 2016 totaled $650 million.
Given that the actor might be close to or already a billionaire today with a little luck and wise investing assistance, his current financial predicament is difficult to comprehend. However, the lawsuit he brought against his former financial advisors in 2017 for “gross mismanagement and, at times, outright fraud” claims that his financial predicament results from his extravagant spending habits.
Depp did not have sufficient liquid assets to fulfill his essential monthly obligations, based on the complaint, which also disclosed that his monthly expenses were $2 million. On the list of expensive costs are $30,000 a month for wine, $150,000 a month for bodyguards, and $200,000 a month for trips on private jets.
In fact, the lawsuit likewise brought to light an email exchange between Depp and his primary financial advisor in December 2009, in which the advisor suggested that Depp should cut costs by using commercial planes instead of private jets. This was because, at the time, Depp’s accounts were reportedly overdrawn by $4 million, which shocked Depp.
The “Pirates of the Caribbean” star email reply acquired by Celebrity Net Worth reads, “first, thank you for dealing and getting me through. secondly, i am doing my very best on holiday spending, but there is only so much i can do, as i need to give my kiddies and famille as good a Christmas as possible, obviously within reason. but, regarding the plane situation,., i don’t have all that many options at the moment.”
“a commercial flight with paparazzis in tow would be a fucking nightmare of monumental proportions. what else can i do??? you want me to sell same art??? i will. you want me to sell something else??? sure… what???”
“boat is going to be chartered at new years and sony will then charter it for the TOURIST shoot in venice. other than that, i got bikes, cars, property, books, paintings and some semblance of a soul left, where would you like me to start???” he concluded.
In addition, it is said that Depp spent $75 million buying 14 residences in several countries, including a horse farm in Kentucky, a 45-acre French château, and multiple islands in the Bahamas. Not only that, but the actor had several yachts and 45 cars and even invested a total of $500,000 for 12 storage facilities to preserve his memorabilia collection.
Despite his unstable financial situation, Depp still commands an eight-figure salary for each film. Moreover, he won the defamation lawsuit he filed against his ex-wife, Amber Heard, in 2022, who was given $10 million in compensatory damages and $5 million in punitive damages. On the other hand, the Virginia jury at that time also gave the “Aquaman” actress $2 million for succeeding on one of three claims in the countersuit she filed against her ex-spouse.
Depp’s opulent lifestyle serves as a warning to others who make millions but overspend. It serves as a reminder that even famous people may go bankrupt. The actor’s situation also emphasizes the importance of obtaining reputable financial consultants and making suitable investments to guarantee one’s financial future.