Johnny Depp is apparently broke and here’s why

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CAPE TOWN – US magazine Rolling Stone has reportedly published a revealing story about Hollywood actor Johnny Depp, which details his problems with money and spiraling alcohol consumption.

The show’s author, Stephen Rodrick, is said to have spent 72 hours with Depp at his London mansion, BuzzFeed reports.

According to Rolling Stone, almost all of Depp’s R8.7 billion fortune is gone. There are also allegations that the actor is suing his former business partner, Joel Mandel and his brother, Robert for “negligence, breach of fiduciary duty and fraud.”

However, the duo deny the allegation and sue Depp for compulsory spending, claiming Depp would spend R27.6million a month on purchases.

Crazy expenses reported by Depp:

– 1.4 billion rand on more than a dozen residences.

– 40.5 million rand to shoot the ashes of his friend Hunter S. Thompson in the air from a cannon.

– R94,700 to buy her daughter a sofa from the set of Keeping Up With the Kardashians.

– Up to R 2.7 million each month on private air travel and he also bought 200 works of art including works by Jean-Michel Basquiat and Andy Warhol.

– Depp reportedly responded to TMG’s request and said it actually cost him R67million instead of R40million.

In other Depp news, the actor was chased last month by two of his former bodyguards.

The 54-year-old actor has been sued by security professionals Eugene Arreola and Miguel Sanchez, who have filed a lawsuit for a variety of reasons, including unpaid wages and unfair dismissal.

The duo were employees of security firm Premiere Group International, but according to the lawsuit Depp hired them individually after deciding to sever ties with the company in 2016.

Arreola and Sanchez claimed they were told they would be considered “employees” by Depp, meaning they were to receive all the usual benefits.

The duo said that between 2016 and 2018, “things started to escalate into chaos,” adding that they “found themselves in situations that required more than a bodyguard would be supposed to do.”

Specifically, Arreola and Sanchez alleged that they were “repeatedly asked to drive vehicles containing illegal substances, open containers and minors.”

In the trial, they also alleged that they were “forced to protect [Depp] of himself and of his vices in public, becoming his guardians “.

The bodyguards explained that the “dangerous conditions and situations” in which they were forced to work caused them to develop “stress-related injuries”.

In the meantime, take a look at 5 celebrities who went bankrupt but came back better than ever:

1. LARRY KING

Photo: Larry King. (Facebook).

American television and radio host Larry King hasn’t always had a positive bank balance.

In 1978, he owed R 4.8 million to creditors and Rand 191,000 in gambling debts. It is reported that his wife, Sharon, convinced him to file for bankruptcy. He was then banned from obtaining personal credit until 1985.

1985, however, turned out to be a prosperous year for King who launched his show “Larry King Live” on CNN. “Larry King Live” earned him a whopping starting salary of R 2.7 million per year.

2. TONI BRAXTON

Photo: Toni Braxton. (Facebook).

Toni Braxton has recovered from bankruptcy twice.

The songwriter and singer first declared bankruptcy in 1998 and later in 2010. During his second bankruptcy, Braxton landed the reality show “Braxton Family Values”.

She then bought a R39.6million house in Calabasas in 2014. Her current net worth is R136.8million.

3.50 CENT

Image: 50 cent. (Facebook).

Rapper and actor Curtis Jackson, better known as 50 Cent, filed for bankruptcy in July 2015, despite having made millions since starting his career.

The bankruptcy filing followed lawsuits at 50 Cent which amounted to Rand 68.3 million and Rand 235.1 million respectively. Bankruptcy documents have revealed that G-Unit Records and G-Unit Brands cost him more than Rand 136.6 million.

In 2016, 50 Cent regained financial stability by paying off its debt. A November 2016 income statement obtained by TMZ revealed that he had earned R456,000 in music royalties, which likely helped bring his current net worth to R273.4 million.

4. NICOLAS CAGE

Photo: Nicolas Cage. (Twitter).

American actor, director and producer Nicholas Cage was once worth R 2.5 billion.

His reckless spending habits, however, caused him to lose most of his fortune. In 2009, Cage sued his former business manager Samuel Levin for R273m, claiming he had driven him to financial ruin.

However, a counter-file from Levin revealed that in 2007 alone, Cage bought three homes for a total of over R451 million, 22 vehicles – including nine Rolls Royces – 12 expensive jewelry and 47 works of art and exotic objects. Almost a year later, the lawsuit was settled in confidence. In 2009, Cage claimed financial stability by ranking No.5 on Forbes’ list of highest paid actors for 2009, with a total of Rand 546 million.

His net worth is now healthy Rand 341.5 million.

5. RHIANNE

Photo: Rhianna. (Twitter).

The Barbados singer reportedly had Rand 150.3million in the bank in 2009 and ended up with Rand 27.3million by the end of the year.

In a 2012 lawsuit against her former accountant, she claimed she was told she could afford a house bought for between R95.7million and R10.2million, which it ended up selling at a loss of R 27.3 million.

In 2014, she won around 136.7 million rand in an out-of-court settlement against Peter Gounis of Berdon LLP, according to the Washington Post. Today, Rhianna has a net worth of 3.1 billion rand.

READ MORE: Johnny Depp chased by former bodyguards

READ ALSO: Johnny Depp Sues Former Law Firm Over Alleged Rand 537.9 Million “Conspiracy”

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