The Financial Troubles of Johnny Depp

Despite being one of Hollywood’s most bankable stars, Johnny Depp, having made US$650 million from films, is in serious financial trouble.

Jun 22, 2018 | By Jonathan Ho

Johnny Depp is in deep financial trouble but he wants you to be absolutely certain of one fact: “It’s insulting to say that I spent $30,000 on wine. It’s more,” the Pirates of the Caribbean star correcting Rolling Stone.

“It’s insulting to say that I spent $30,000 on wine. It’s more,” – Johnny Depp to Rolling Stone

Nominated for 3 Academy Awards, a winner of the Golden Globe Award and Screen Actors Guild Award for Best Actor, Depp made US$650 million from his Pirates of the Caribbean series alone, putting him at 46 of the Forbes 2016 top 100 celebrities list. But, most of it is gone.

$650 million. Gone.

The Financial Troubles of Johnny Depp

Starting with a supporting role in Oliver Stone’s seminal 1986 film, Platoon, Johnny Depp is now considered one of the world’s most bankable film stars. Films featuring Depp have grossed $3.2 billion at the United States box office and over $8 billion worldwide, Pirates contributed to half of those takings.

By 2012, Guinness World Records had listed him as the highest paid actor with earnings of $75 million. In March 2016, Depp suddenly cut ties with his management company, the Management Group,run by his longtime business manager, Joel Mandel, and his brother Robert, accusing them of improperly managing his money. He accused TMG of giving his sister US$7 million without approval and for incurring late payment fines to IRS to the tune of over US$5.6 million as well as earning a profit from investing Depp’s earnings without paying him a commission among other things.

The Management Group later countersued Depp for unpaid fees and damages alleging that Depp had a compulsive spending disorder, burning through US$2-million a month (Editor’s Note: Comparatively, Michael Jackson burned through $1bn across 20 years) and claiming that claiming Depp owed the management company US4.2 million in unpaid loans.

Legal and financial woes aside, the most heartbreaking aspect was that Depp lamented that, “My son had to hear about how his old man lost all his money from kids at school, that’s not right.”

Johnny Depp will playing Anti-virus tech founder John McAfee in the upcoming movie, King of the Jungle.


In Depp Financial Sh!t: By the Numbers

“It was not $3 million to shoot Hunter into the f—king sky. It was $5 million.” – Johnny Depp, taking issue with one of two cited figures in his lawsuit with TMG


The lawsuit against Depp by The Management Group (TMG) cites that the star spent:

  • $30,000 a month on wines, adding: “Wine is not an investment if you drink it as soon as you buy it.”
  • $200,000 a month on private planes
  • $150,000 a month on around-the-clock security
  • $300,000 a month to maintain a staff of 40 people
  • $1.2 million to keep a doctor on call
  • $75 million for 14 residences
  • $18 million on a yacht
  • $4 million on a failed record label
  • $3 million to shoot Hunter S. Thompson’s ashes out of a cannon.
  • $7,000 to buy his daughter a couch from Keeping Up With the Kardashians

Depp is claiming TMG owes him $25 million in damages and mismanagement and the case centers on the claim that he trusted them to manage his financial affairs and that he was kept clueless until it was too late.

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