Actor Johnny Depp spends $18 mln-luxury yacht

The star is accused of spending $18 million on a luxury yacht and $30,000 a month on wine.

Johnny Depp’s financial troubles are caused by a lavish $2m-a-month lifestyle, say the business managers he is suing for mismanaging his earnings.

They claim the star spent more than $75 million (£59.6 million) on 14 homes and needed 12 storage facilities to house his collection of Hollywood memorabilia.

The Management Group is countersuing Depp after the Pirates of the Caribbean actor sued them for $25 million (£20 million).

Depp is fully responsible for any financial turmoil.

He has refused to live within his means.

The actor also accuses of spending:

•$18m (£14.3 million) on an 150 foot (45 metres) yacht

•$4 million (£3.2 million) on a failed record label

•$3 million (£2.4 million) to blast Hunter Thompson’s ashes out of a cannon

•$300,000 (£238,600) a month to maintain a staff of 40 people

•$200,000 (£159,000) a month on private planes

•$150,000 (£119,330) a month on round-the-clock security

•$30,000 (£23,800) a month on buying and importing wine

Last month, Depp claimed The Management Group owed him more than $25m.

His lawsuit also alleges the company failed to file him taxes on time, costing him $5.7m (£4.5m) in penalties.

Depp’s latest legal tussle comes in the wake of his divorce to Amber Heard, which was finalised in January after months of wrangling.

The 53-year-old will be seen later this year as Captain Jack Sparrow in Pirates of the Caribbean: Salazar’s Revenge.

Source: BBC