Johnny Depp’s former business managers have demanded in a lawsuit that the Pirates of the Caribbean Actor be evaluated for “Compulsive Spending Disorder”.
In March of 2016, Depp fired his management team at TMG (The Management Group) for fraud. TMG counter-sued accusing the actor of overspending, resulting in his financial troubles. In a Wall Street Journal interview, the actor was quoted as saying, “It’s my money. If I want to buy 15,000 cotton balls a day, it’s my thing,” prompting TMG to cite the actor as having a “clear and epic” sense of entitlement.
The firm stated, they “did everything possible to protect Depp from his own irresponsible and profligate spending.” Such spending included tens of millions of dollars to improve his real estate holdings, salaries for his staff, employ sound crews, collect bottles of wine and security fees. This type of spending could be commonplace for celebrities as well as investors who hold multiple properties, however the court papers include a demand that Johnny Depp be evaluated for “Compulsive Spending Disorder”.
What is Compulsive Spending Disorder?
A “Compulsive Buying Disorder (CBD)” was first described in the early 20th century as a compulsive disorder that left the patient with debt. Later in the century its classification was debated and eventually included with the personality disorders.
Compulsive buying is known as “oniomania” where one buys impulsively and excessively to the point that it leaves them in financial hardship. And despite their financial issues they continue to make purchases. We’ve used the term “shopaholics” to describe those addicted to shopping but compulsive buying connotes the lack sense of financial ruin that can ensue. The spending is an attempt to satisfy a need that never gets fulfilled.
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Compulsive buying disorder may be seen in those who suffer from mania and bipolar disorder. During manic episodes excessive spending may occur. Additionally we may see CBD co-morbidly in those who suffer from eating, gambling, substance use, and mood disorders.
CBD can be treated with therapy as well as medications including SSRI’s, selective serotonin reuptake inhibitors, efficacious in those with obsessive-compulsive disorder.