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Daily Mirror
Daily Mirror
Entertainment
Lauren Gordon

Johnny Depp 'takes out $10 million loan' to spruce up overgrown West Hollywood castle

Johnny Depp has reportedly taken out a $10million load to spruce up his West Hollywood home.

The 60-year-old, who recently made a comeback to Hollywood with his latest movie Jeanne du Barry, was said to have taken the loan out to renovate his castle, which he bought in 1995 for $2.15m.

The rundown, castle-like, West Hollywood mansion has "overgrown trees and ripped canvas-topped towers".

The Alice In Wonderland actor was reportedly forced to take out the loan from City National Bank - which is commonly nicknamed "bank to the stars" for its deals to A-listers - back in March 2022 after his court battle with ex-wife Amber Heard.

Johnny took out a hefty loan for the castle-like property (thisischriswhite.com)

In 2020 he claimed he was left broke after losing his entire $650 million movie fortune and racking up $100 million in debt. He also handed Amber a divorce settlement sum of $7million and $2million from a counter-lawsuit.

Johnny was then awarded compensatory damages of $10million and a further $5million in punitive damages after winning his legal battle against Amber in June 2022.

In the meantime, images obtained by the Daily Mail reveal that his eight-bedroom, ten bathroom home, spanning over 7,000 sq. ft, has been vastly abandoned, with Johnny opting to spend his time at his home in the Bahamas.

The home appears to be abandoned (thisischriswhite.com)

He is currently on tour in Europe with Hollywood Vampires, the band he formed with Alice Cooper and Joe Perry.

They recently played in London on Monday and are now moving on to the Czech Republic.

Despite being cash-strapped, Johnny previously revealed that he was planning to donate $1million of his defamation settlement to charity. Five different charities will benefit from the $200,000, with each cause being something Johnny believes in.

He's currently on tour with his band (WireImage)
He got $10million in his settlement (Getty Images for Art of Elysium)

A source close to Johnny confirmed to The Mirror that they include "aiding sick children with life-threatening illnesses and providing housing for historically disenfranchised communities."

The money will be divided between Make-A-Film Foundation, The Painted Turtle, Red Feather, Tetiaroa Society and the Amazonia Fund Alliance.

The Mirror has contacted Johnny's representative for comment.

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