Thursday, July 13, 2017

Johnny Depp's Lost MIllions

In Brewster's Millions, a movie I remember fondly, the hero receives good news and bad news.

The good news: His uncle has left him $8 million.

The bad news: He must spend the first million in two months, without keeping any assets, or lose the entire inheritance. Back in 1945, when the movie was made, spending a whole million quickly wasn't that easy.

If Hollywood plans a new remake, Johnny Depp deserves the starring role. Over the years the gifted actor has made $650 million. But his gifts as a spender – and perhaps his disinterest in wealth management – have left him in a financial crisis.

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