Johnny Depp‘s former business manager, Joel Mandel, warned the ‘Pirates of the Carribean‘ actor against overspending back in December 2009, a newly leaked email exchange reveals.
In the emails, published by ‘The Hollywood Reporter‘, Mandel asks Depp to spend less over Christmas, and to set a limit for himself at an auction of the (actually, there are three that it could be, and this is only one of those) wooden pistol American gangster John Dillinger used to escape from an Indiana jail in 1934. Depp of course played Dillinger in ‘Public Enemies‘. The pistol later sold for $US19,120.
Mandel also suggests working with Depp to create a financial plan:
“I need to be able to sit with you… so that we can talk about where we are financially, what we have borrowed in order to sustain ourselves, what we have had to do to obtain those borrowings, what is now necessary to pay those borrowings back and, finally, to look realistically at income and expenses and work together to make sure these are back in balance.”
The emails indicate that Depp had in fact known that he was on a sinking ship (hurr hurr hurr), money-wise.
Depp replied that he would forgo the auction spend, but said there was “only so much I can do” about holiday spending as he intended to give his family “as good a Christmas as possible“. He then outlined his earnings for his next few projects: 20 million for the unmemorable ‘The Tourist‘, released in 2010; 35 million for the franchise that will not end ‘Pirates of the Carribean: On Stranger Times‘ (2011); and 20 million for the underwhelming ‘Dark Shadows‘ (2012).
“i hope that by the amount that will be coming in from work in the coming year and also from back end proceeds, etc., will put everything straight.
“what else can i do??? you want me to sell some art??? you want me to sell something else??? sure … what??? boat is going to be charted at new years… other than that, i got bikes, cars, property, books, paintings, and some semblance of a soul left. Where would you like me to start???”
Depp is suing his former managers, The Management Group, and its owners Mandel and his brother Robert, for more than $US28 million, which they were paid as his management over 16 years. The lawsuit alleges that the company “actively concealed the true state of Mr Depp’s finances while driving him deeper and deeper into financial distress“.
His former managers’ lawyer, Michael J Kump, says Depp himself was at fault for his own financial mismanagement, and called the lawsuit a “fabrication”: The Management Group “did everything possible to protect Depp from his irresponsible and profligate spending“. The Mandels have filed a countersuit, and are attempting to subpoena Depp’s agent, Tracey Jacobs, and lawyer, Jake Bloom, for communications regarding the actor’s finances.
But the question remains, exactly what garbage film choice robbed Johnny Depp of the rest of his soul? A: probably ‘The Lone Ranger‘.
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