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Robert De Niro says he is short of money.
Robert De Niro ‘will be lucky if he makes $7.5 million this year’, lawyers say https://t.co/PWVtFOtI5p
— The Independent (@Independent) July 10, 2020
The coronavirus caused a serious financial blow to the actor ‘s finances, he revealed to the court, when his ex-wife asked for an emergency order to increase the monthly limit of his American Express credit card by 50 $ 000 to $ 100,000.
“Irish” actress appeared on the phone during a Skype call in her Manhattan divorce case with Grace Hightower, while her lawyer told a judge that De Niro had unjustly reduced her monthly Am-Ex allowance by 100 $ 000 to $ 50,000. and said that she and her children were banned. from a complex in the north of the state where De Niro is during the pandemic.
De Niro’s attorneys said
But De Niro’s attorneys said he cut Hightower’s credit card limit because he had suffered a huge financial blow because the restaurant chain Nobu and Greenwich Hotel, with which he participates, was closed. or partially closed for months with almost no business.
De Niro’s lawyer Caroline Krauss told the judge that Nobu lost $ 3 million in April and an additional $ 1.87 million in May. And he had to pay investors $ 500,000 during a fundraiser, which he borrowed money from his trading partners to do “because he has no money,” said Krauss. .
Krauss also explained that under the 2004 prenuptial agreement, De Niro need only pay Hightower $ 1 million a year, as long as he earns $ 15 million or more in revenues and if his revenues decrease his payments proportionately to her too. .
“His accounts and his commercial director … say the best case for De Niro, if everything starts to change this year, … he will have the chance to win $ 7.5 million this year,” said Krauss.
Krauss added that Netflix’s revenues from “The Irishman” have already been paid and that he should only receive $ 2.5 million in 2020 and 2021.
And a film project that De Niro was scheduled to start filming in Oklahoma this summer has been put on hold, said Krauss.
“These people, despite their large incomes, always spent more than he earned, so this robust 76-year-old man could not retire, even if he wanted to, because he cannot afford to follow his lifestyle expenses. . “Krauss said, adding that De Niro had started to cut spending” dramatically “.
Hightower’s lawyer Kevin McDonough reacted
Hightower’s lawyer Kevin McDonough reacted: “The idea that De Niro tightens his belt makes no sense.”
“Mr. De Niro used the COVID pandemic, I would say, to keep his wife financially,” said McDonough.
“I do not believe that a man who has an amount of 500 million dollars admitted and earns 30 million dollars a year, suddenly in March, he needs to reduce by 50% his marital support and to prohibit him the domicile” said McDonough.
Manhattan Supreme Court Justice Matthew Cooper
Manhattan Supreme Court Justice Matthew Cooper issued a temporary ruling that De Niro had to keep Hightower’s credit card limit at $ 50,000 a month and pay $ 75,000 to find a home for their two children, while De Niro and his other children remain in their three years. upstate compound house.
“At the moment, I’m not demanding that Mr. De Niro reset his credit card to $ 100,000,” said Cooper. “$ 50,000 certainly seems sufficient to avoid irreparable damage.”
De Niro – who has been with Hightower from time to time since 1997 – filed for divorce in 2018. The two – who share sons Helen, 8, and Elliot, 21 – divorced in 1999 and made it right again. 2004.