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Did Johnny Depp really lose $650 Million Due to Amber Heard Allegations?

The defamation trial of Johnny Depp and Amber Heard is gathering lots of attention especially when the cross-examination of Amber Heard came to light.

Johnny Depp and Amber Heard
Johnny Depp and Amber Heard in the defamation trial

Johnny Depp throughout his career has seen various ups and downs. His professional journey has mainly highlighted the work he has done on Edward ScissorhandsPirates of the Caribbean, and Ed Wood, which is just the tip of the iceberg. According to the reports in recent years, Depp has lost an enormous amount of wealth as this time, superstar essence is now lost.

In 2018, Amber Heard wrote an op-ed in Washington Post where she described herself as a “public figure representing domestic abuse.” Depp denied all the charges and sued News Group Newspapers and journalist Dan Wootton for an article on The Sun website that described him as a “wife-beater.”

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Johnny Depp allegedly lost $650 million

Johnny Depp
Johnny Depp’s 2016 Financial Scam

Johnny Depp got into Hollywood at a young age and accrued $650 million from films. Though in 2016, it came to light that the money was gone. Depp’s financial crisis was the conclusion of his management company. This is why Depp sued his Management Group for “negligence, breach of fiduciary duty, and fraud.”  This news came out suddenly before Amber Heard’s op-ed in The Washington Post.

Heard accused Depp of being violent toward her after her 30th birthday party, but Depp alleged in court it was her who punched him as he lay in bed reading, giving him a black eye. Depp claimed he had never hit a woman in his entire life.

Depp’s Management Group At Fault

Johnny Depp
Johnny Depp’s The Management Group response

Johnny Depp’s assistant Stephen Reuters was awarded $750,000 without Depp signing off on these expenses. Not only that but it was noted Depp had to pay the IRS $5.6 million in late fees. The damage that was done is even worse. Depp noticed his taxes weren’t paid for 17 years, resulting in $100 million in IRS fees.

According to Variety, Johnny Depp and his Management Group settled their material, though the reason is yet to be unveiled but whatever occurred surely cost Depp a huge price.

Though the defamation trial is coming towards its end, we hope that justice prevails over everything. Let us know your thoughts on the upcoming lawsuit.

Written by Priya Sharma

Priya Sharma is an entertainment niche content writer at FandomWire. A Journalism and Mass Communication graduate from the University of Lucknow, she has written over 1000 articles on Animated Times and Fandomwire combined and holds experience in event management too. She has a healthy(?) obsession with the Hallyu culture and is also exploring anime as well. When not working, she indulges herself in binge-watching K-dramas, playing Ukulele, and trying to seek the attention of her cute buddy, Shiro.