The Loss of Johnny Depp’s Millions Has Him in a Serious Legal Battle

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As we previously reported, Johnny Depp has been going through a lengthy legal battle after watching his $650 million fortune  slowly disappear.

The actor filed a $25 million lawsuit against his ex-managers, accusing them of swindling him out of millions due to fraud, breach of contract and negligence. But the team fired back, saying that in actuality he’s going broke because of his ridiculous spending habits.

His ex-representation, TMG, countersued and sited a number of expenses they say cost Johnny upwards of $2 million a month! 

Some if them include him paying $3.6 million a year for a 40-person staff, $30,000 a month on wine, $400,000 on a diamond cuff, and $5 million to shoot the ashes of his friend (author Hunter S. Thompson) out of a cannon in Aspen. They also say he spent $75 million on property.

However, Johnny’s lawyers say that’s not the case:

“What do Johnny Depp’s investments in real estate and art,  which have appreciated wildly, have to do with a fraud case?” attorney Adam Waldman said to People magazine. “For example, the island in the Bahamas that he bought for $5.3 million is now worth many times that. Similarly, the chateau in France that he bought for single-digit millions is now on the market for $30 million, the Basquiat paintings that he bought for a few million were sold for $14 million, and on and on it goes.”

Read more information at People magazine.