Inside Johnny Depp’s wild real estate portfolio

Inside Johnny Depp’s wild real estate portfolio

Sunday, May 14, 2017

Johnny Depp via Wikipedia

From TRD New York: Johnny Depp’s extravagant lifestyle has apparently come back to bite him, according to recent reports.

After filing a $25 million lawsuit accusing his former business managers of fraud and mismanagement, the “Pirates of the Caribbean” star is now facing a countersuit from his managers, who claim that the actor led an “extravagant and extreme” lifestyle.

His business managers, Joel and Robert Mandel of The Management Group, said that Depp made $650 million in the more than a decade they worked with him. But Depp reportedly splurged this money on his lavish lifestyle, which included buying 14 properties and a 156-foot yacht and spending $3.6 million a year to pay his 40-person staff, The Hollywood Reporter wrote Wednesday.

Take a look at some of the insane real estate that he has loved, lost, and held on to over his career:

Johnny Depp’s business managers alleged that he had spent over $75 million to “acquire, improve and furnish 14 residences,” the lawsuit says. His managers persuaded him to sell some of these properties to keep up with monthly bills that totaled $2 million. One of those monthly costs was upkeep for his 150-foot luxury yacht, “Amphitrite,” which he reportedly spent $18 million on.

His managers claimed that Depp would not be able to afford the $350,000 monthly upkeep he had laid out for this yacht. Joel Mandel, his accountant, convinced Depp to sell the yacht, and it was reportedly bought by JK Rowling in 2016. But JK Rowling reportedly put the yacht up for sale just eight months after she bought it. It’s currently listed for $19.3 million.

Some of Depp’s other extravagant purchases have still not been sold. He owns a 37-acre village in the south of France, which is currently listed with Christie’s.

Courtesy of Michael Zingraf

The property is located outside the exclusive seaside town of Saint-Tropez.Though the listing says that the current price is available upon request, it has previously been listed for $25 million. Depp has invested about $11 million into restoring its 18th-century buildings.

Courtesy of Michael Zingraf

The estate includes the main house, six guest cottages (one of which is a converted chapel), and a restaurant. There are 15 bedrooms and 14 bathrooms in total.It also has two pools and a painter’s studio, which according to the listing, is a favorite room of Depp’s.

Courtesy of Michael Zingraf

Depp also owns a three-island property in the Bahamas, which he bought for $5.35 million, according to the Hollywood Reporter. Known as “Little Halls Pond Cay,” it has six different beaches.

But his most extravagant purchase could be his five penthouses, which are all in the same building in Downtown Los Angeles. The penthouses are in the landmark Art Deco-style Eastern Columbia Building.

JAMES LANG/BERLYN

JAMES LANG/BERLYN

Depp purchased the units for around $7.2 million between 2007 and 2008. Originally, they were listed together for $12.78 million, but they’re now being sold separately. Two were bought last fall for $3 million and $2.5 million. The remaining three are on the market for between $1.8 and $2.5 million.

And then there are the five houses that Depp still owns on a cul-de-sac in the Hollywood Hills, which are collectively worth $19 million, according to the Hollywood Reporter. According to US Weekly, Depp had considered building a tunnel between the homes.


Source: The Real Deal