Search icon


12th Jul 2023

Cash-strapped Depp takes out huge loan as he struggles to revive acting career

Jack Peat

He’s rumoured to have squandered much of his $650 million fortune

Johnny Depp has been forced to take out an eye-watering loan as he struggles to revive his acting career.

The actor approached City National Bank – nicknamed the ‘bank to the stars’ for its bumper borrowing deals to A-listers – during the height of his court case with Amber Heard.

He secured a $10 million mortgage on his overgrown Los Angeles castle which is largely abandoned as he spends most of his time at his island home in the Bahamas.

Depp is currently in Europe, on tour with Hollywood Vampires, the band he formed with Alice Cooper and Joe Perry. They played in London on Monday and are moving on to the Czech Republic.

The actor first purchased the eight-bedroom West Hollywood castle home complete with turrets and towers, for $2.15 million in March 1995.

But the property has fallen into disrepair and has even been compared to the castle where Depp character Edward Scissorhands lived in the 1990 movie by the Daily Mail.

Depp has been working hard to revive his acting career after an infamous court battle with Heard.

He won the case but only after damaging revelations about his life were aired in court by his ex.

Having been dropped from the lucrative Pirates of the Caribbean franchise as a result of the accusations, Depp received a reprieve last year when a jury found in his favour and awarded him $10 million in damages in the case against his ex-wife.

It is believed he will only get around a tenth of that in the end, which he has decided to hand to four charities.

Depp recently received a long standing ovation for his latest film, Jeanne du Barry, at the Cannes Film Festival.

The plot centres on Madame du Barry, who uses her intelligence and allure to rise in society.

Related links:

Johnny Depp turned up by helicopter to UK antiques shop just to look at guitars

Pirates of the Caribbean producer wants to bring Johnny Depp back to franchise