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re: Johnny Depp Says He's Blown His $650 Million Fortune & Is Nearly Broke

Posted on 6/22/18 at 9:44 pm to
Posted by zacata88
Member since Mar 2014
1682 posts
Posted on 6/22/18 at 9:44 pm to
I only skimmed the article but I still couldn’t find anything that added up to close to $650 million. Two things stood out to me...one is that it shouldn’t cost three million dollars to shoot anything out of a cannon, and the other is that he should be able to sell even half of his 14 residences and then he’s not broke.
Posted by Cooter Davenport
Austin, TX
Member since Apr 2012
9006 posts
Posted on 6/22/18 at 10:04 pm to
quote:

I still couldn’t find anything that added up to close to $650 million


It never said what the original purchase price of the houses or art was. It was just listing the maintenance costs / taxes / staff expenses / jetshare expenses, etc. Add in what it cost to buy those places in the first place and especially all the ultra expensive paintings, and there you go. It was the same with Cage - a lot of his money was blown on paintings. Getting into art collecting or racehorse breeding are the quickest and most addictive ways that the rich lose their money. It takes a long time to blow it all on cocaine. Not so much with racehorses and paintings.
This post was edited on 6/22/18 at 10:06 pm
Posted by jcaz
Laffy
Member since Aug 2014
19458 posts
Posted on 6/22/18 at 10:06 pm to
You know how much good 3 mil could do for the Big Brothers and Big Sisters organization? And yet this is the same guy who will whine about rich businessmen and corporations not paying their fair share.

Posted by EA6B
TX
Member since Dec 2012
14754 posts
Posted on 6/22/18 at 10:48 pm to
quote:

and the other is that he should be able to sell even half of his 14 residences and then he’s not broke.


I would bet a large sum that they are all mortgaged, and probably being foreclosed on. His money managers would never have let him pay cash when it has been so cheap to borrow and just service debt, in theory leaving your own money to invest in things with greater ROI like art I guess.
This post was edited on 6/22/18 at 10:49 pm
Posted by DaBeerz
Member since Sep 2004
18310 posts
Posted on 6/22/18 at 10:48 pm to
quote:


They just recently auctioned off land and a house that he had bought for his mother not to far from where I live. Not sure where she moved to


I read most of the article today at work, the mom died... he said at her funeral she might be the meanest woman he ever met or something along those lines.

Just reading the comments here, amber heard only got 7 million and she donated it to charity.

IMO, he’s unsalvageable, let him go out like wants to like hunter Thompson. He’s not going to stop drinking or drugging and will likely die within the next five years and still be considered an icon... gone too soon. Basically that article sounds like a desparate addicts cry of help and I’m going out the way I want to... it’s eveybody else’s fault
Posted by Macintosh
Lane State University
Member since Sep 2011
56924 posts
Posted on 6/22/18 at 11:06 pm to
He probably spent most of that money covering up the murders he committed in the viper room
This post was edited on 6/22/18 at 11:07 pm
Posted by Rhino5
Atlanta
Member since Nov 2014
30970 posts
Posted on 6/22/18 at 11:29 pm to
Not a single pic of him in his frailty on first page, not one
Posted by lsuwontonwrap
Member since Aug 2012
34147 posts
Posted on 6/22/18 at 11:30 pm to
Sorry for partying
Posted by nateslu1
Mr. Belvedere Fan Club
Member since Apr 2012
6938 posts
Posted on 6/22/18 at 11:30 pm to
quote:

Johnny Depp Says He's Blown His $650 Million Fortune & Is Nearly Broke


Welp, only one way out of this sitchuation baw. Gay porn.
Posted by Scoop
RIP Scoop
Member since Sep 2005
44583 posts
Posted on 6/22/18 at 11:30 pm to
Scarves and fake French accent lessons must be as expensive as shite these days.
Posted by The Cool No 9
70816
Member since Jan 2014
11231 posts
Posted on 6/22/18 at 11:34 pm to
As interesting as reading all of that might seem I just can't understand how this is possible. Mike Tyson blowing his 300 million in the 80s was pretty impressive, this one takes that cake.
Posted by lsuwontonwrap
Member since Aug 2012
34147 posts
Posted on 6/22/18 at 11:39 pm to
quote:

Not a single pic of him in his frailty on first page, not one


Here he is two nights ago with Joe Perry at an awards show. Happy?

Posted by CP3LSU25
Louisiana
Member since Feb 2009
52570 posts
Posted on 6/22/18 at 11:54 pm to
And weak Americans look up to these pieces of shite
Posted by southernelite
Houston, TX
Member since Sep 2009
53568 posts
Posted on 6/23/18 at 12:01 am to
There are a few variables to account for here.

If he was spending a lot of money before he invested it, his baseline isn’t really 650mm.

Otherwise, a 3.6% spend is probably a touch higher than you’d want, but it shouldn’t be too difficult to maintain for quite some time. It’s the million here, million there that did him in. A couple of several million dollar art pieces and he’s done for.
Posted by bcoop199
Kansas City, MISSOURI
Member since Nov 2013
9289 posts
Posted on 6/23/18 at 12:05 am to
No sympathy from me to lose that much money plus he's a major league Dbag.
Posted by nateslu1
Mr. Belvedere Fan Club
Member since Apr 2012
6938 posts
Posted on 6/24/18 at 1:36 pm to
Has anyone told him he isn't really a pirate, and that he only played one on TV?
Posted by MardiGrasCajun
Dirty Coast, MS
Member since Sep 2005
6042 posts
Posted on 6/24/18 at 2:58 pm to
quote:

Johnny Depp Says He's Blown His $650 Million Fortune & Is Nearly Broke


Johnny Depp's broke is every other man's lottery. Depp is fine. Loaded with expensive assets. His bank accounts alone probably have more than $50 million. That is Johnny Depp broke. It's not reality broke.
Posted by athenslife101
Member since Feb 2013
20645 posts
Posted on 6/24/18 at 3:29 pm to
He has a ton of assets. He had multiple million dollar homes including a 70,000,000 home. And he lives in France because he didn’t want to raise up his children in America
Posted by Seldom Seen
Member since Feb 2016
48737 posts
Posted on 6/24/18 at 3:35 pm to
quote:

Johnny Depp Says He's Blown His $650 Million Fortune & Is Nearly Broke



Johnny Deep is a dumbass, confirmed.
Posted by dsides
Member since Jan 2013
6176 posts
Posted on 6/24/18 at 3:37 pm to
quote:

He has a ton of assets. He had multiple million dollar homes including a 70,000,000 home.


Of course he has a ton of assets but apparently more debts.

quote:

And he lives in France because he didn’t want to raise up his children in America


That will show us. What a great example France will be.
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