If you felt that you were affected by the economic downturn caused by the Covid-19, you are not a unique case... Even the richest and most famous actors have been concerned!
Robert De Niro is an American actor and a producer who has starred in over 100 films. He earned the Academy Award for Best Actor and many other important awards throughout his career. There is no doubt that his income is another successful thing to mention in his film career.
But perhaps, coronavirus has dealt a massive financial blow to the actor’s finances, as his estranged wife asked for an emergency order to raise her monthly American Express card credit limit from $50,000 to $100,000.
Apparently last year, De Niro unfairly cut her monthly Am-Ex allowance from $100,000 to $50,000 and said she and their children had been banned from an upstate compound where De Niro is staying during the pandemic.
But lawyers for De Niro said he cut Hightower’s credit card limit because he’s taken a huge financial hit as the restaurant chain Nobu and Greenwich Hotel, both of which he has stakes in, have been closed or partially closed for months with barely any business.
De Niro’s lawyer, Caroline Krauss, told the judge that Nobu lost $3 million in April and another $1.87 million in May 2020. No doubt that could have been a very low blow to the actor's Hotel bills.
He had to pay investors $500,000 on a capital call, which he borrowed money from his business partners to make, “because he doesn’t have the cash,” Krauss said.
Krauss added that proceeds from Netflix’s “The Irishman” have mostly already been paid out and he is likely to get just $2.5 million in 2021.
A movie project that De Niro was scheduled to begin filming this summer in Oklahoma has been put on hold. It is not known how much the cancellation of this project might have affected the actor.