Johnny Depp's former business managers are firing back.
Less than two weeks after the 53-year-old actor and his new trustee, Edward L. White, filed a lawsuit against The Management Group (TMG) for allegedly mismanaging his finances, Joel and Robert Mandel of TMG countersued Depp in the Los Angeles Superior Court on Tuesday.
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According to court documents obtained by ET, Depp's former managers claim he "lived an ultra-extravagant lifestyle" and spent more than $2 million per month to maintain it, which led to his recent financial issues. They also claim they "did everything possible" to protect the Alice Through the Looking Glass star "from his own irresponsible and profligate spending" for the past 17 years, urging him to reduce his spending and sell unnecessary assets.
TMG breaks down some examples of Depp's alleged spending in the court documents, including $75 million to buy, improve and furnish 14 residences, including a 45-acre chateau in South France, a chain of islands in the Bahamas and a fully-functioning house farm in Kentucky, all which required a staff of employees to maintain the properties. The documents also claim Depp spent $18 million to buy and renovate a luxury yacht, $30,000 a month to have wines personally flown to him and millions to maintain his expensive art, guitar, jewelry and Hollywood memorabilia collections.
See more of TMG's claims regarding Depp's expenses below:
-The new court documents state that Depp has about 40 employees across the nation, which cost him at least $300,000 per month
-$150,000 per month goes to security guards who protect him 24/7, as well as his kids at school
-TMG says Depp's spent millions acquiring and maintaining 45 luxury vehicles, and approximately $200,000 a month on private plans as he refuses to fly by any other means
-Depp's former managers also claim he has spent over $10 million assisting family and friends with living expenses
-They also claim he paid over $3 million to blast the ashes of author Hunter Thompson over Aspen, Colorado, from a specially-made cannon
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Depp has asked for more than $25 million in damages in his lawsuit, alleging breach of contract, fraud and professional negligence. He is also asking for preliminary and permanent injunction on TMG's foreclosure of his four Sweetzer Trust & Mooh Investment Trust properties in Los Angeles. According to his court documents, Depp and his attorneys claim TMG failed to file or pay his taxes on time (which cost him more than $5.6 million in penalties and interest), loaned nearly $10 million to third parties without the actor's authorization and paid themselves over $28 million in contingency fees without any written agreement.
"As a result of years of gross mismanagement and sometimes outright fraud, Mr. Depp lost tens of millions of dollars and has been forced to dispose of significant assets to pay for TMG's self-dealing and gross misconduct," Depp's lawyers claim in his court papers.
But according to the cross-complaint, TMG claims that Depp's suit is "a complete fabrication," and that he owes them $5 million for a loan he has yet to repay after they "bailed him out."
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