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Ex-Managers: Johnny Depp’s $2 Million-a-Month lifestyle is the reason for his money woes

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Johnny Depp only has one person to blame for his financial issues, according to his former business managers.

Depp filed a lawsuit in early January claiming that The Management Group (TMG) defrauded him. He is asking for $25 million. TMG didn’t take long to fire back at their former client. They claimed that 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.”

According to Depp’s Lawler, “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.”

The countersuit from TMG claims that Depp has spent over $75 million to buy and maintain 14 homes. The claim mentions a home in the Bahamas and a French chateau. The suit also claims that he has spent tons of money on private jets, fine art, Hollywood memorabilia, and a 150-foot yacht worth $18 million, among other things.

TMG says that Depp’s lawsuit is an attempt to derail foreclosure proceedings. They are attempting to get back $4.2 million that they claim is owed to them. Depp’s representatives have not commented on TMG’s claims.

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