The claim about his spending habits that Johnny Depp called an insult

Johnny Depp is undoubtedly one of the highest paid actors in the world — or at least once was. According to Celebrity Net Worth, the Pirates of the Caribbean actor has a net worth of a whopping $150 million and is charging $20 million per film upfront and a 20% share of backend earnings.

However, during his defamation lawsuit against The Sun newspaper, it was revealed that Depp had lost an estimated $650 million in film revenue due to mismanagement at the hands of The Management Group (TMG), owned by his former CEO Joel Mandel and his brother. Robert Mandel. Per Variety, Depp admitted his finances were in “disastrous shape,” and he eventually found out he owed the IRS millions in back taxes.

The actor sued TMG when he found he’d lost hundreds of millions as a result, but the company countered, claiming Depp dug his own grave and bled money to death over spending. At one point, they even claimed that Depp spends around $30,000 on wine, but the star found that claim offensive, and not for the reasons you’re thinking.

Johnny Depp admitted to spending over $30,000 on wine

In an interview with Rolling Stone, Johnny Depp said many of the management group’s claims about its spending habits were ridiculous and some of their numbers were wrong. For example, they insisted that Depp churns out over $30,000 a month on wine, but the actor confessed it’s a lot more than that.

“It’s insulting to say I spent $30,000 on wine,” he revealed. “Because it was far more.” He didn’t share the approximate amount he spends on vino, but elsewhere in the interview he said that “wine isn’t an investment if you drink it right after you buy it.”

In their countersuit against Depp, TMG revealed that the actor paid over $3 million for a “custom-built cannon” to blast actor Hunter Thompson’s ashes over Aspen, Colorado, according to Vulture. Interestingly, Depp said he paid a lot more, with the whole affair costing him $5 million. “By the way, it wasn’t $3 million to shoot Hunter up the damn sky,” he told Rolling Stone. “It was $5 million.”

More on Johnny Depp’s allegedly frivolous spending

With Johnny Depp’s admission of spending, there may be some truth to management group’s claim that his spending habits are unusual — even by celebrity standards. In the company’s counterclaim, they said the actor spends no less than a staggering $2 million a month. “Depp lived an ultra-flamboyant lifestyle that often knowingly cost Depp more than $2 million a month,” her attorney, Michael Kump, wrote in the countersuit (via The Hollywood Reporter). “Depp alone bears full responsibility for any financial turmoil he finds himself in today.”

Apparently, Depp had spent his earnings on over-the-top things. He reportedly spent over $75 million acquiring multiple properties, $18 million on a luxury 150-foot yacht, and millions more on luxury vehicles, collectible guitars, jewelry, and art, including work by respected artists like Warhol and Basquiat Vanity Fair. He also does not skimp on spending for the people close to him. He apparently pays $150,000 a month to keep his children safe and $300,000 a month to his 40 employees.

In Depp’s defense, however, he has the freedom to spend his hard-earned cash on things he deems worthy. “It’s my money. If I want to buy 15,000 cotton balls a day, that’s my thing,” he told the Wall Street Journal. He also argued that if his spending really got out of hand, his management should have dumped him years ago. “I’ve worked very, very hard for many years and trusted many people, some of whom have clearly failed me.”