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Robert De Niro says coronavirus decimated his finances

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Thanks for contacting us. We've received your submission.says he’s running out of dinero.The coronavirus 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.The “The Irishman” actor appeared on a Skype call in as her lawyer told a judge that De Niro unfairly cut her monthly AmEx allowance from $100,000 to $50,000 and said she 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. And 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 also explained that under the terms of their 2004 prenuptial agreement, De Niro is only required to pay Hightower $1 million a year as long as he’s making $15 million or more in income, and if his income declines, his payments to her proportionally do too.Robert De Niro and Grace Hightower attend the 2018 Tribeca Film Festival closing night screening of "The Fourth Estate." WireImage via Getty ImagesRobert De Niro leaves 60 Centre St. civil court after a divorce hearing with his wife Grace Hightower. Stephen YangAd"The new parents are overjoyed and excited for this new...View Slideshow“HKrauss 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 2020 and 2021.And a movie project that De Niro was scheduled to begin filming this summer in Oklahoma has been put on hold, Krauss explained.“These people, in spite of his robust earnings, have always spent more than he has earned, so this 76-year-old robust man couldn’t retire even if he wanted to because he can’t afford to keep up with his lifestyle expense,” Krauss said, adding that De Niro has begun cutting back spending “dramatically.”Hightower’s lawyer, Kevin McDonough, fired back that “The fractured pair — who first married in 1997 and...“Mr. De Niro has used the COVID pandemic, my words would be, to stick it to his wife financially,” McDonough said.“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,” McDonough said.Manhattan Supreme Court Justice Matthew Cooper issued a temporary ruling that De Niro should keep Hightower’s credit card limit at $50,000 a month and pay her $75,000 so she can find a summer home where she can stay with her children when they are not with De Niro and his other children upstate.“I am not requiring at this point that Mr. De Niro restore the credit card to $100,000,” Cooper said. “$50,000 seems to be certainly enough to avoid irreparable harm.”De Niro — who had been with Hightower on and off since 1997 — in 2018. The pair — who share kids Helen, 8, and Elliot, 21 — divorced in 1999 and patched things up again in 2004.&nbsp;

Thanks for contacting us. We've received your submission.says he’s running out of dinero.The coronavirus 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.The “The Irishman” actor appeared on a Skype call in as her lawyer told a judge that De Niro unfairly cut her monthly AmEx allowance from $100,000 to $50,000 and said she had been banned from an upstate compound where De Niro is staying during the pandemic.But lawyers for De Niro said he cut...

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Robert De Niro says coronavirus decimated his finances

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