Current Events > Johnny Depp facing "financial crisis"

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Capn Circus
04/18/17 10:55:30 PM
#1:


http://www.standard.co.uk/showbiz/celebrity-news/johnny-depp-brought-to-the-brink-of-ruin-a3455426.html

He probably just needs to get a few things in order, but clearly there's something not working out too well:

"The Pirates Of The Caribbean star spent tens of millions of dollars on homes, a chain of islands, private planes, jewellery and a yacht, it is claimed.

He spent an astonishing $30,000 a month on fine wines from around the world and needed 12 storage units to house his art masterpieces and memorabilia collections, the papers state. But the spending spree led the 53-year-old actor to the brink of financial ruin, alleges a lawsuit filed by Depp’s former business managers in Los Angeles county superior court."

"The Willy Wonka actor filed his own suit against The Management Group earlier this month, claiming his finances were mishandled and seeking at least $25 million compensation."

"Depp accused his former advisers of defrauding him out of millions of dollars, taking out loans without his approval and hiding his financial problems from him. He claimed he only learned of his plight when he was advised to sell off a large property in France to pay his debts."

"“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,” lawyer Michael Kump wrote in the cross-complaint. “Depp, and Depp alone, is fully responsible for any financial turmoil he finds himself in today.”"

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meingott
04/18/17 10:56:09 PM
#2:


lmao
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foreveraIone
04/18/17 10:56:19 PM
#3:


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Complete_Idi0t
04/18/17 10:56:20 PM
#4:


Things that people should care about .txt
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ReignFury
04/18/17 10:56:57 PM
#5:


not surprising
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SomeLikeItHoth
04/18/17 10:57:01 PM
#6:


Fair, next.
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pikachupwnage
04/18/17 10:57:50 PM
#7:


If you make that much and are still in debt your a fucking dumbass.
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Dark_SilverX
04/18/17 10:57:54 PM
#8:


Ok
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Banjo2553
04/18/17 10:57:59 PM
#9:


Well, he kinda brought it on himself by wasting so much money so fast.
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prince_leo
04/18/17 10:58:32 PM
#10:


if it's true that his advisers fucked him over that ain't cool
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Sexypwnstar
04/18/17 10:59:15 PM
#11:


Nice job, thanks for helping the economy
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Twinmold
04/18/17 10:59:19 PM
#12:


I like his acting, but watching him in interviews, it was always clear he was trashy.
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Cookie Bag
04/18/17 10:59:24 PM
#13:


Banjo2553 posted...
Well, he kinda brought it on himself by wasting so much money so fast.

A person that spends that amount of money isn't managing all of it by themselves, and i think that's the point if the lawsuit, whoever was helping him manage it fucked him royally, i mean you should be able to live in luxury if your money lets you, but there's a limit, and whoever was managing his money said fuck the limit.
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Johnny_Nutcase
04/18/17 10:59:36 PM
#14:


Hunter S Thompson has seeped through his veins.
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daftpunk_mk5
04/18/17 11:00:13 PM
#15:


Meanwhile I'm happy with a $20 bottle of shiraz.
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DirkDiggles
04/18/17 11:01:56 PM
#16:


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St0rmFury
04/18/17 11:02:30 PM
#17:


If the people he paid to manage his finances aren't doing their job, then he has every right to sue I guess.
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this_is_wow_huh
04/18/17 11:02:31 PM
#18:


let me play the worlds smallest violin
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foreveraIone
04/18/17 11:03:19 PM
#19:


DirkDiggles posted...
Didn't Amber Heard suck him dry?

If only she literally did...
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DawkinsNumber4
04/18/17 11:03:23 PM
#20:


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GOATSLAYER
04/18/17 11:04:35 PM
#21:


Twinmold posted...
I like his acting, but watching him in interviews, it was always clear he was trashy.

He's not trashy. He's crazy
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ReignFury
04/18/17 11:04:43 PM
#22:


I used to like him as an actor but he kind of devolved into douchebaggery
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St0rmFury
04/18/17 11:05:19 PM
#23:


GOATSLAYER posted...
Twinmold posted...
I like his acting, but watching him in interviews, it was always clear he was trashy.

He's not trashy. He's crazy

He's neither. He's eccentric.
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Adzeta_
04/18/17 11:05:21 PM
#24:


Don't blow it.
Keep it simple.
Count your money.
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Mr_Magnum_Man
04/18/17 11:06:30 PM
#25:


Must have spent it all on scarves and bracelets.
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Capn Circus
04/18/17 11:07:02 PM
#26:


Cookie Bag posted...
Banjo2553 posted...
Well, he kinda brought it on himself by wasting so much money so fast.

A person that spends that amount of money isn't managing all of it by themselves, and i think that's the point if the lawsuit, whoever was helping him manage it fucked him royally, i mean you should be able to live in luxury if your money lets you, but there's a limit, and whoever was managing his money said fuck the limit.


That could certainly be the case, as a financial manager was caught stealing a few million dollars from Alanis Morissette to fund his massive gambling addiction---but that was over the course of many, many years.

But I do have a feeling this case is different. Apparently his lifestyle cost him $2 million/month to maintain.
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EmeralDragon23
04/18/17 11:08:11 PM
#27:


$30,000 a month on WINE?
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s0nicfan
04/18/17 11:08:25 PM
#28:


DirkDiggles posted...
Didn't Amber Heard suck him dry?


This. I thought they went/are going through a messy divorce, complete with her complaining about abuse and trying to take him to the cleaners.

Even if the suit is ongoing, a court order may mean he can't access the vast majority of his money until it's settled to keep him from hiding it.
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Lorenzo_2003
04/18/17 11:10:06 PM
#29:


Pffft, why is everyone so pessimistic? This is good news. We will be seeing Pirates of the Caribbean 32 at this rate.
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Obstacle2
04/18/17 11:10:08 PM
#30:


idiot

no sympathy for rich people who squander away their wealth
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s0nicfan
04/18/17 11:10:44 PM
#31:


Lorenzo_2003 posted...
Pffft, why is everyone so pessimistic? This is good news. We will be seeing Pirates of the Caribbean 32 at this rate.


co-starring Nicholas Cage
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St0rmFury
04/18/17 11:10:47 PM
#32:


Adzeta_ posted...
Don't blow it.
Keep it simple.
Count your money.

When you have more money than you know what to do with, it's a different ball game.
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Nomadic View
04/18/17 11:10:58 PM
#33:


It's really hard to have sympathy for someone that blew 2 million a month, but he did hire financial advisors that are supposed to prevent this exact thing from happening.
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DawkinsNumber4
04/18/17 11:11:01 PM
#34:


Of all things to say "The Willy Wonka actor" really? It wasn't even called that...
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Capn Circus
04/18/17 11:11:55 PM
#35:


EmeralDragon23 posted...
$30,000 a month on WINE?


Yeah, some of those wines can be very expensive. A lot of fine wines in certain years become scarce and can easily run $1,000+ per bottle.

I watched some Las Vegas casino documentary not too long ago and some expensive ass wine from the 70s or 80s was going for several thousand a bottle.
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Sami1000
04/18/17 11:12:23 PM
#36:


pikachupwnage posted...
If you make that much and are still in debt your a fucking dumbass.

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ReignFury
04/18/17 11:13:14 PM
#37:


Sami1000 posted...
pikachupwnage posted...
If you make that much and are still in debt your a fucking dumbass.


you're
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DawkinsNumber4
04/18/17 11:13:26 PM
#38:


ReignFury posted...
Sami1000 posted...
pikachupwnage posted...
If you make that much and are still in debt your a fucking dumbass.


you're

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Cookie Bag
04/18/17 11:13:55 PM
#39:


ReignFury posted...
Sami1000 posted...
pikachupwnage posted...
If you make that much and are still in debt your a fucking dumbass.


you're

gottem
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fuzzylittlbunny
04/18/17 11:14:06 PM
#40:


Is this also like why lottery winners go broke? They're too damn stupid to just put away a fraction of their money just in case their extravagance gets the better of them?
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ReignFury
04/18/17 11:15:48 PM
#41:


fuzzylittlbunny posted...
Is this also like why lottery winners go broke? They're too damn stupid to just put away a fraction of their money just in case their extravagance gets the better of them?


also professional athletes who go broke after their careers are over
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Allanon23
04/18/17 11:16:08 PM
#42:


He's not actually broke though. He has like a $100 million+ art collection he could sell off at any time. Or one of his 5469847 mansions.
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Johnny_Nutcase
04/18/17 11:16:21 PM
#43:


fuzzylittlbunny posted...
Is this also like why lottery winners go broke? They're too damn stupid to just put away a fraction of their money just in case their extravagance gets the better of them?


That and they all of a sudden have friends that come out of the wood work.
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Solar_Crimson
04/18/17 11:17:10 PM
#44:


Banjo2553 posted...
Well, he kinda brought it on himself by wasting so much money so fast.

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Capn Circus
04/18/17 11:21:41 PM
#45:


fuzzylittlbunny posted...
Is this also like why lottery winners go broke? They're too damn stupid to just put away a fraction of their money just in case their extravagance gets the better of them?


Yeah, I'm sure he'll be okay though. It seems like he just needs to liquidate some assets and apparently win a lawsuit he's filing due to alleged mishandling of his assets.

But spending big money does land people in the hole. The proper thing to do would be invest a large portion of your winnings and live off of the monthly or quarterly dividends and spend the return; not the principle.

I'd assume it wouldn't be too hard of an idea to grasp, but unfortunately I've never been in the situation of suddenly having millions of dollars... so I don't know. Maybe some uncontrollable spending fever overcomes reason and logic.
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apocalyptic_4
04/18/17 11:23:57 PM
#46:


pikachupwnage posted...
If you make that much and are still in debt your a fucking dumbass.

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AmonAmarth
04/18/17 11:27:03 PM
#47:


most Hollywood actors are dumbasses and get praise for do nothing.
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Cookie Bag
04/18/17 11:33:32 PM
#48:


AmonAmarth posted...
most Hollywood actors are dumbasses and get praise for do nothing.

ITP: Acting and performing on award winning movies = do nothing.
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Kitt
04/18/17 11:34:16 PM
#49:


AmonAmarth posted...
most Hollywood actors are dumbasses and get praise for do nothing.

"...get praise for do nothing."
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UnfairRepresent
04/18/17 11:35:23 PM
#50:


Depp has always come across as a slightly insane douchebag

This is sad but not unsurprising
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