Joel Mandel is the business manager who leads Talent Management Group (TMG) with his brother Rob Mandel.
Joel Mandel is another witness who testified in the ongoing legal battle between Johnny Depp and Amber Heard. He talked about the artist’s excessive spending habits.
Who Is Joel Mandel?
Joel Mandel is the business manager at Talent Management Group (TMG). While many managers started as accountants, he and his brother Rob began as lawyers to have a competitive advantage.
His father was a concentration camp survivor from Poland, and his mother used to look after the home. Because of his father’s background, he grew up in a European environment despite residing in America, as they mentioned in an interview.
He and his brother started their business in the capital that their father gave them. While both were lawyers, they did not have any plans to start working as business managers.
After meeting some of their friends who would come to them to get advice, they were able to explore the field and decided to start their business.
Initially, they would represent people who would work behind the scenes like a writer, producers, directors, and executives who run studios. Eventually, after a few years, they started working for celebrity figures as well.
Johnny Depp Lawsuit Against Business Manager Joel Mandel
Johnny Depp had filed a lawsuit against his former business manager, Joel Mandel’s company alleging that they spent millions of dollars without his permission.
He was seeking $25 million in damages and years of professional costs. On the other hand, The Management Group filed a countersuit stating that the actor was responsible for his own financial problems.
They also detailed millions of dollars that the actor spent on wine, luxury homes, household staff, art, private jets, security, and a cannon to blast Hunter Thompson’s ashes.
However, in July 2018, they reached a settlement. However, there is no further information about the terms of the settlement.
How Much Is Joel Mandel Net Worth?
Joel Mandel’s net worth is not revealed yet. However, he was an accountant for Johnny Depp, who was later fired.
During the trial, when Depp sued Mandel’s company, TMG, the business manager claimed that they could not sustain the actor’s $2 million per month lifestyle, as per CNBC.
He did not have liquid assets at some point, and he had even sold his yacht to get quick cash.