Robert De Niro ‘Can’t Afford’ To Retire And His Business Lost ‘Millions’ During the Pandemic, His Lawyer Confirms

OPINION | This article contains commentary which reflects the author's opinion.

OPINION | This article contains opinion that reflects the author's views.
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Robert De Niro will be “lucky if he makes $7.5 million this year,” his lawyer Caroline Krauss has confirmed to Fox News.

De Niro has been heavily critical of President Trump and his job performance in recent years. However, De Niro is now shown to struggle to manage his own affairs.

Krauss said De Niro’s restaurant business Nobu lost $3 million in April alone.

Krauss added that despite De Niro’s “robust earnings” that the 76-year-old “couldn’t retire even if he wanted to because he can’t afford to keep up with his lifestyle expense,” Krauss said.

According to Page Six, De Niro’s estranged wife Grace Hightower asked for an emergency order in court for her husband, 76, to raise her monthly American Express credit card limit from $50,000 to $100,000.

De Niro’s prenuptial agreement with Hightower states that the actor owes his wife $1 million each year as long as he’s making at least $15 million a year.

De Niro banned his estranged wife and her two children from his New York compound, the report adds.

De Niro and Hightower married in 1997 and have been on-again-off-again since then. They have two children: Elliot, 21, and Helen, 8.

Fox News confirmed that attorneys for De Niro explained the actor has come under financial strain as the coronavirus pandemic has limited or halted business for the restaurant chain Nobu and Greenwich Hotel, of which, he has stakes in both, resulting in the cut to the credit card limit.

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He also recently had to pay investors $500,000 on a capital call. To make the payment, Krauss said that De Niro had to borrow money from business partners “because he doesn’t have the cash.”

“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,” said Krauss.

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De Niro is only expected to make about $2.5 million in 2020 and 2021 for “The Irishman,” lawyers said, as most proceeds have already paid.

In that vein, the actor’s latest movie project has been put on hold.

Hightower’s lawyer Kevin McDonough pushed back against the notion.

“Mr. De Niro has used the COVID pandemic, my words would be, to stick it to his wife financially,” said the attorney.

He added: “I’m not a believer that a man who has an admitted worth of $500 million and makes $30 million a year, all of a sudden in March he needs to cut down [spousal support] by 50 percent and ban her from the house.”

The judge ruled that De Niro should maintain the $50,000 credit card limit, but pay Hightower $75,000 so that she and their two children can find a summer home.

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