Johnny Depp’s Money Problems Caused Him To Fire Long-Time Agent
Last October, Johnny Depp fired his agent of three decades, Tracey Jacobs — who is responsible for turning him into a global superstar. After seeing him on TVs 21 Jump Street, Jacobs signed Depp, helping him get roles in movies such as What’s Eating Gilbert Grape, Edward Scissorhands, and Sweeney Todd, the latter of which earned him an Oscar nomination.
It is now being reported that Depp can no longer afford to pay her commissions on his movie deals, and as a result, he left Jacobs and UTA and signed with a rival agency. Apparently, Depp was able to sign with the new agency, CAA, because they were “sensitive to his financial situation.” However, we are learning more about Depp’s money problems after new court documents broke down his excessive spending habits.
Depp is suing his business managers, alleging they paid themselves more than $28 million in fees without his consent, and failed to pay his taxes on time, which resulted in penalties that cost him millions. Last week, the money management team fired back with a countersuit. It says Depp spends $2 million a month on his lavish lifestyle, and that’s what caused the financial problems. “Depp lived an ultra-extravagant lifestyle that often knowingly cost Depp in excess of $2 million per month to maintain, which he simply could not afford,” the money management team said.
Included in this $2 million a month is $30,000 worth of wine, the upkeep of 14 homes, and the employment of approximately 40 full-time workers. Depp’s movie-star power has been diminishing over the past years. Some of his recent films — such as Alice Through the Looking Glass, Transcendence, and Mordecai — didn’t just bomb at the box office; they were destroyed by critics.
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