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Johnny Depp spent $100,000 a month on an addiction doctor and $10,000 a day on security, fired fund manager testifies

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Actor Johnny Depp blows a kiss during his libel trial against his ex-wife, actor Amber Heard, at the Fairfax County Circuit Court, in Fairfax, Virginia, U.S., May 19, 2022.Shawn Thew/Pool via REUTERS

  • Johnny Depp’s former fund manager, Joel Mandel, has testified about some of the actor’s spending habits.

  • He said Depp was spending hundreds of thousands of dollars a month on employees and would not cut spending.

  • Depp accused Mandel of financial mismanagement in a 2016 lawsuit that was later settled.

Johnny Depp’s former chief financial officer, Joel Mandel, detailed the actor’s expenses in testimony presented to jurors on Thursday, describing them as becoming increasingly irresponsible over the 17 years he worked with him.

Mandel said Depp earned more than $600 million during that time, between 1999 and 2016.

Around 2010, after Depp shot “The Rum Diaries,” the movie where he met Amber Heard, Mandel said spending levels became “very significant.” He said Depp was using more alcohol and drugs than ever and it became harder to talk to him about his finances.

“What I had always experienced as a person who enjoyed tasting their wine at the end of their day became consumption that became excessive,” Mandel said in the pre-recorded deposition.

Mandel said Depp’s expenses included the following:

  • $100,000 a month to David Kipper, a doctor Depp hired in 2014 to help with addiction issues. Depp said he became dependent on opioid medication following a leg injury. Kipper also assigned a nurse to Depp and another to Heard.

  • $300,000 a month for a full-time staff that included Nathan Holmes, a former personal assistant; Kevin Murphy, a former property manager; and Stephen Deuters, another personal assistant who also worked on Depp’s creative projects.

  • $10,000 each daytime to Jerry Judge, Depp’s former head of security. The judge employed a team of guards and other security guards who guarded Depp around the clock.

Mandel and Depp settled a lawsuit in 2018

Mandel’s history with Depp is complicated. Depp fired him in 2016 and then sued his business, alleging that she had significantly mismanaged his finances. They settled the lawsuit in 2018.

Edward White, whom Depp hired to audit his finances and who recommended that he fire Mandel, testified earlier in the trial. He described what Heard asked for when they divorced and said Heard contributed to a $160,000 wine bill that was amassed before their marriage ended in 2016.

Mandel’s deposition, taken on Jan. 22, was shown to jurors as part of Depp’s trial against Heard. Depp alleges Heard defamed him by portraying himself as a victim of domestic violence in 2018, which cost him big movie roles. Heard counterattacked, alleging Depp physically assaulted her before and during their marriage, often while under the influence of drugs or alcohol.

Heard’s attorneys subpoenaed Mandel’s testimony for the trial. Mandel said in his testimony that Depp refused steps to get his finances under control, including a plan to sell some of the various properties he owned around the world. He also rarely gave to charity, Mandel said.

“I don’t remember writing big charity checks,” Mandel said. “It was more his style to show up at an event or lend his name something rather than write a check.”

Tracey Jacobs, Depp’s former talent agent who represented him for more than two decades, also filed a deposition for the case, which was shown to jurors ahead of Mandel’s testimony. She said Depp’s “star has faded” over time due to his reputation for being difficult to work with.

“It had become more difficult to get him a job because of the reputation he had gained from being late and other things,” Jacobs said.

Read the original Insider article

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