We’ve all experienced the morning-after remorse that comes with a night of wild Amazon splurging.
But while you might still regret dropping 300 bucks on that thing that was supposed to sculpt your abs while you sleep, at least you can take comfort in the knowledge that you never spent as recklessly as Johnny Depp.
In case you haven’t heard, word on the street is that Depp is basically broke these days.
We’re not saying you’re gonna see him munching on a mayonnaise sandwich at the social services office any time soon, but the man is not nearly as well off as he should be or once was.
The news of Depp’s relative broke-assness comes courtesy of an increasingly contentious lawsuit involving the actor and his former management group, TMG.
Back in February, Depp sued TMG claiming that they’d mishandled his funds and brought him to the brink of near bankruptcy.
The firm fired back in a countersuit, calling Depp a “habitual liar” who knowingly blew his fortune on bizarre luxury items.
The war of words continued with a fiery Wall Street Journal interview in which Depp defended his spending habits, telling the newspaper, “If I want to buy 15,000 cotton balls a day, it’s my thing.”
TMG claims that Depp’s actual spending was not all that much more practical.
The group says Depp’s lifestyle cost him $ 2 million a month “which he simply could not afford.”
The actor allegedly spent more than $ 75 million on real estate in the span of a few years, dropping large sums of cash to acquire or improve an astonishing 14 residences, including a string of islands in the Bahamas and a 45-acre chateau in the South of France.
In recently filed documents, TMG execs claim they “did everything possible to protect Depp from his own irresponsible and profligate spending.”
In a statement issued today, TMG’s attorney, Michael Kump, had this to say about Depp:
“In retrospect, it appears that Depp may suffer from a compulsive spending disorder, which will be proven in this action through a mental examination.”
Depp’s attorney, Adam Waldman, commented on Kump’s allegation of compulsive spending, stating simply, “This is how guilty people respond.”
It’s difficult to say at this point how things will shake out in court, but we don’t think there’s any doubt that this thing will get uglier before it gets any better.