Robert De Niro's Financial Struggles Amidst The Pandemic

If you’ve been struggling to make ends meet financially over the past several months due to the coronavirus pandemic, take heart, because you are not alone. Recent reports reveal that actor Robert De Niro is claiming in court that he’ll be "lucky" if he makes $7.5 million in 2020. The pandemic has significantly impacted his film projects as well as his restaurant and hotel investments, leading to a challenging financial situation.

In court, De Niro's estranged wife, Grace Hightower, requested an emergency extension of her American Express monthly credit line, seeking to raise it from $50,000 back up to $100,000. Hightower's attorneys contend that De Niro unreasonably reduced her credit limit, while De Niro’s legal team argues that the cut was necessary due to COVID-19's adverse effects on his usual income, especially affecting his investments in the New York restaurant chain Nobu and the Greenwich Hotel.

De Niro's primary divorce attorney, Caroline Krauss, informed the judge that Nobu has been experiencing significant financial losses in recent months. To keep the restaurants afloat, De Niro had to borrow $500,000 from associates. Additionally, his 2004 prenuptial agreement requires him to pay Hightower at least $1 million annually as long as his income exceeds $15 million, which Krauss claims is unattainable this year.