If you’ve been struggling to make ends meet financially in the past few months due to the coronavirus pandemic, take heart, you’re not alone: page six reports actor Robert De Niro claims in court that he will be “lucky” if he earns $ 7.5 million in 2020, due to the effects of the coronavirus not only on his film projects, but also on his investments in restaurants and hotels.
This happened in court, where De Niro’s separated wife, Grace Hightower, asked the presiding judge’s ongoing divorce from the former couple for an emergency extension of her monthly American Express line of credit – by 50,000. $ to $ 100,000, where it was previously. Through his lawyers, Hightower alleged that De Niro reduced his monthly credit from $ 100,000 to $ 50,000 for no good reason, but lawyers for De Niro argue that the reduction occurred because COVID-19 took a big bite of his usual income, particularly from his investments in New York, the Nobu restaurant chain and the Greenwich Hotel.
De Niro’s main divorce lawyer Caroline Krauss told the judge that Nobu in particular had lost a ton of money in recent months and that De Niro had to borrow $ 500,000 from various partners in order to pay the others investors and keep restaurants afloat. She also cited the former couple’s prenuptial agreement in 2004, which obviously calls on De Niro to pay Hightower at least $ 1 million a year as long as his income is $ 15 million a year or more – a figure that Krauss says he has no chance of hitting. in 2020:
“His accounts and his commercial manager … say that the best case for Mr. De Niro, if everything starts to turn around this year, … he will be lucky if he earns $ 7.5 million this year.”
Sure, De Niro is still an active actor, but Krauss says that his biggest recent project, The Irishman for Netflix, has already paid most of what he will do for the main role of De Niro in the film, for which he went around. 2.5 million dollars to come for this year and next year. And De Niro’s next project was to be shot now, but production has been suspended due to the virus.
As you can imagine, Hightower’s lawyer, Kevin McDonough, sees it differently, calling the notion “that Mr. De Niro tightens his belt” “ridiculous.” He continued:
“I don’t believe that a man who has an admitted value of $ 500 million and who earns $ 30 million a year, all of a sudden in March, he needs to reduce [spousal support] by 50 percent and ban it from home. “
The provisional court decision was somewhat of a compromise between De Niro and Hightower. The judge ruled that De Niro could maintain the monthly credit limit at $ 50,000, but that he should make an immediate payment of $ 75,000 for her and their two children (ages 8 and 21) to pay for a house. ‘summer.