The Coronavirus pandemic has successfully managed to spread it deadly claws across the globe, while also plummeting several markets. Be it big or small scale businesses, educational institutions, theatres or the film industry; everything has come on a standstill. Apart from commoners, a lot of celebrities, too, are at the receiving end of loss. The list also includes acclaimed Hollywood filmmaker, Robert De Niro. While the shooting for Robert's upcoming film has been indefinitely postponed, his side business is also massively affected, while making him almost broke. As per a report in Page Six, the filmmaker's lawyer made these shocking revelations.
It is being reported that Robert De Niro has allegedly lost millions of dollars over the last few months. Reason? The deadly pandemic has resulted in a temporary shutdown of Nobu and Greenwich Hotel, a restaurant chain and an upscale lodge that the actor has invested some massive stakes in. The reports added that De Niro spilled the beans on his financial crunch in court, where his ex-wife, Grace Hightower, called for an emergency order after witnessing a decline her monthly American Express card credit limit from $50,000 to $100,000. The hearing took place over a video call, where Robert had to give a justification.
As per his lawyer Caroline Krauss, Robert is only supposed to pay $1 million a year if he's earning $15 million or more. However, if it's lower than that, then the payment can be proportionally reduced to match his income.
His lawyer said to the portal, "His accounts and business manager says that the best case for Mr. De Niro, if everything starts to turn around this year, he is going to be lucky if he makes $7.5 million this year. These people, in spite of his robust earnings, have always spent more than he has earned, so this 76-year-old robust man couldn’t retire even if he wanted to because he can’t afford to keep up with his lifestyle expense.”
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