Johnny Depp on Going Broke: I'll Buy 15,000 Cotton Balls If I Want To!

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Back in February, we reported that Johnny Depp is going broke after spending his money on what we then described as "weird-ass sh-t."

In addition to the usual rich guy splurging (Sources say Depp spent $30,000 a month on wine.), there were some truly bizarre expenditures, such as a $3 million ash cannon to shoot the remains of his friend Hunter S. Thompson into the atmosphere.

Rather than denying that he went a little crazy with his cash, however, Depp is now defending his right to blow a fortune on whatever gonzo luxuries he wants:

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The speculation of where Depp's money went began when he sued his management group, TMG, for allegedly mishandling his sizable nest egg.

TMG countersued, claiming that "Depp lived an ultra-extravagant lifestyle that often knowingly cost [him] in excess of $2 million per month."

The firm's cross complaint argues:

"Depp, and Depp alone, is fully responsible for any financial turmoil he finds himself in today."  

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In a new interview with The Wall St. Journal, Depp doesn't claim that he never lived an overly-posh lifestyle, but instead argues that it was his right to do so, and his management group's job to warn him before he went too far:

“It’s my money,” Depp said. “If I want to buy 15,000 cotton balls a day, it’s my thing.”

He went on to say:

“Why didn’t they drop me as a client if I was so out of control? I’ve worked very, very hard for a lot of years and trusted a lot of people, some who’ve clearly let me down."

Depp says that in some areas, TMG lied to make his spending seem more lavish than it was, but in a hilariously candid quip, he says they actually underestimated his spending in one case.

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The cannon used to propel Thompson's ashes into the night sky over the writer's famous Woody Creek, Colorado ranch actually cost $5 million, not three.

Depp has been unabashedly frank about his foibles throughout his career, and from a PR standpoint, the ball is now in TMG's court.

The firm finds itself in the unenviable position of facing off against a film icon who's soon to resume his most famous role.

The past year has been rough on Depp, but he still has a spot in the hearts of millions of devoted fans.

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