U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Current Events
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 11-07-2017, 10:28 AM
 
Location: Los Angeles (Native)
24,194 posts, read 13,703,254 times
Reputation: 11388

Advertisements

Will be interesting to see how this plays out.

TMG claims he Depp spends $2 million per month on his lifestyle. Depp definitely isn't a frugal guy. Wow.

-
The threat of foreclosure is just the latest exchange in what has become a bitter back-and-forth between the actor and his former managers, who he claims mismanaged the $650 million he’s made in the last two decades to the point of depletion.
Depp sued TMG in February for $25 million in a fraud lawsuit, in which he claimed that the firm was trying to foreclose on his primary residence. “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,” read the complaint.
“In essence, TMG treated Mr. Depp’s income as their own, available to either TMG or third parties to draw upon as desired,” the filing continued.

TMG later filed a cross-complaint against Depp, claiming the actor lived an “ultra-extravagant lifestyle that often knowingly cost [him] in excess of $2 million per month to maintain, which he simply could not afford.”
Reply With Quote Quick reply to this message

 
Old 11-07-2017, 10:40 AM
 
Location: equator
2,615 posts, read 1,117,883 times
Reputation: 6379
GEEZ. And I used to like the guy. Time for another block-buster, Johnny.
Reply With Quote Quick reply to this message
 
Old 11-07-2017, 10:48 AM
 
6,243 posts, read 1,515,119 times
Reputation: 4527
Being an A-list actor, I would think he should easily be able to afford that kind of lifestyle, so there is probably is some fraud going on with those that have access to his money imo.
Reply With Quote Quick reply to this message
 
Old 11-07-2017, 01:37 PM
 
Location: Fuquay Varina
4,238 posts, read 6,195,019 times
Reputation: 10092
All he would have to do is star in another movie, I really doubt he is overly worried.
Reply With Quote Quick reply to this message
 
Old 11-07-2017, 01:45 PM
 
5,445 posts, read 4,402,948 times
Reputation: 14992
Time for another crappy Pirates of the Caribbean movie.
Reply With Quote Quick reply to this message
 
Old 11-07-2017, 01:51 PM
 
Location: Central Florida
3,060 posts, read 1,572,591 times
Reputation: 10222
If he is really spending 2 million a month he may very well be broke. I remember hearing he spent a ridiculous amount on just wine. Can't remember the figure but sounds like he needs to curb his spending habits and roll out another Pirate movie.
Reply With Quote Quick reply to this message
 
Old 11-07-2017, 01:56 PM
 
Location: USA
13,441 posts, read 7,315,267 times
Reputation: 9734
Quote:
Originally Posted by budlight View Post
If he is really spending 2 million a month he may very well be broke. I remember hearing he spent a ridiculous amount on just wine. Can't remember the figure but sounds like he needs to curb his spending habits and roll out another Pirate movie.
$24 Million a year in living expenses is a pretty nice lifestyle. I don't understand why actors, and athletes put so much trust in their managers. It seems a lot of them get swindled.
Reply With Quote Quick reply to this message
 
Old 11-07-2017, 02:41 PM
 
Location: Omaha, Nebraska
6,308 posts, read 3,486,250 times
Reputation: 14994
Quote:
Originally Posted by Pilot1 View Post
I don't understand why actors, and athletes put so much trust in their managers.
Because most of them know squat when it comes to managing money. Unfortunately, this leaves them vulnerable, both to overspending and to being swindled.
Reply With Quote Quick reply to this message
 
Old 11-07-2017, 02:57 PM
 
24,953 posts, read 11,625,232 times
Reputation: 11662
2 million a month sounds like a lot......but he made 640 million. If it was invested he would make more then 2 million a month....IE he could live off of the investments without touching his income.

Hard to say who is at fault without a LOT more information. A judge will sort it all out in the end.
Reply With Quote Quick reply to this message
 
Old 11-07-2017, 02:58 PM
 
Location: Los Angeles
3,410 posts, read 1,965,128 times
Reputation: 10042
Quote:
Originally Posted by Aredhel View Post
Because most of them know squat when it comes to managing money. Unfortunately, this leaves them vulnerable, both to overspending and to being swindled.
I wouldn't necessarily jump to the conclusion that he was swindled. I mean, we're talking about a guy who blew 5 Million bucks to shoot Hunter Thompson's ashes out of a cannon.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Current Events
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top