According to Caroline Krauss, De Niro suffered serious loss of income due to the necessary closings of the Nobu restaurant chain as well as of Greenwich Hotel, in which he also holds a stake. De Niro must also continue to send funds to his ex-wife, Grace Hightower, according to the terms of their marriage contract.
As UNILAD reports, Hightower, 65, recently made an emergency court order, requesting that his monthly American Express credit card limit be reset from $ 50,000 (£ 39,700) to $ 100,000 (£ 79,401). De Niro had reduced the limit due to his situation with his restaurant stakes.
Hightower’s lawyers said the hearing was scheduled not only because of the “unfair” credit cut, but also after the actor allegedly banned Hightower and their children (Helen, eight and Elliot, 21) from his northern New York resort.
Page six reports that Krauss explained that Nobu lost $ 3 million (£ 2.3 million) in April and an additional $ 1.87 million (£ 1.47 million) in May. De Niro then had to pay investors $ 500,000 (£ 394,000) in a fundraiser, which he borrowed from business partners because he “has no money”.
The marriage contract states that De Niro must pay Hightower $ 1 million (£ 789,000) each year if he earns $ 15 million (£ 11.8 million) or more, with flexibility for payments to decrease if his income drops.
But the veteran actor could consider a dramatic drop in income. According to its account manager (via Krauss), he appears to be earning $ 7.5 million (£ 5.9 million) this year – in no time. With most of his Irish profits squared, he envisions 2.5 million dollars (1.9 million pounds sterling) in 2020-2021.
Krauss added that De Niro cut his expenses “dramatically”.
“These people, despite his solid income, 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 it to follow his expenses related to his lifestyle. , “She added.
But Hightower’s lawyer refuted this, saying, “Mr. De Niro used the COVID pandemic, my words would be, to stick it financially to his wife. I don’t believe that a man who has an admitted value of $ 500 million and earns $ 30 million a year, all of a sudden in March, he needs to reduce [spousal support] by 50 percent and ban it from home. ”
Manhattan Supreme Court Justice Matthew Cooper has allowed De Niro to keep up with the $ 50,000 credit limit for now, but has to pay his ex-wife $ 75,000 (£ 59,000) to have her can afford a summer house for her and their two children.