Corona virus dealt a massive blow to the actor’s finances he revealed in court, as his estranged wife asked for an emergency order to raise her monthly American Express card credit limit from $50,000 to $100,000.
He appeared on Skype in his divorce case, her lawyer told a judge that De Niro unfairly cut her monthly card allowance and said she and their children were banned from a compound where De Niro is staying during the pandemic.
But 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 have been closed or partially closed for months with barely any business.
De Niro’s lawyer told the judge that Nobu lost $3 million in April and another $1.87 million in May.
Also explained that under their 2004 prenuptial agreement De Niro is only required to pay $1 million a year if he’s making $15 million or more and if his income declines his payments to her do too.
Adding that proceeds from Netflix’s “The Irishman” have already been paid out and he is likely to get just $2.5 million in 2021. “These people, in spite of his robust earnings, spend more than he has earned so he couldn’t retire even if he wanted to because he can’t afford to keep up with his lifestyle”, adding that De Niro has begun cutting back spending “dramatically.”
Has the pandemic affected you financially? Can you keep up with your lifestyle?