Is Johnny Depp really £31m in debt?

The actor blames the issue on his former management

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Johnny Depp is said to be $40 million (£31 million) in debt, and has been calling out his former managers while defending his spending habits.

The award-winning actor claims he has had to sell off some of his belongings in order to pay for his debt.

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In a set of legal documents he accuses his former managers of fraud and negligence and is asking for $25 million in damages.

But the cash won't come easy as his managers are counter-suing him, claiming the actor's financial mistakes are his own fault.

The management company who worked for him for 17 years say Depp blew through $2 million a month on his 'selfish, reckless and irresponsible lifestyle'.

The actor, who's earned $650 million, told the Wall Street Journal: "It's my money. If I want to buy 15,000 cotton balls a day, it's my thing."

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