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But The Management Group have revealed a series of emails in their countersuit in which he refused to control his spending.
In one exchange he was urged to “take it easy” on holiday spending and reassess his financial situation.
The Management Group claim that despite the fact that Johnny had been paid $650 million in the previous 13 years, his “lavish spending” habits made it so he no longer had enough liquid cash to cover his basic monthly expenses, which topped $2 million per month.
The Management Group claim that Johnny put himself in this position by over-spending in a reckless way.
Johnny reportedly spends $3.6 million per year to maintain a 40-person full-time staff, $30,000 per month on wine, $150,000 per month on bodyguards, and $200,000 per month on private jet travel.
He also reportedly spent $75 million to purchase more than 14 homes around the world including a 45 acre chateau in France, a horse farm in Kentucky, several islands in the Bahamas.