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Robert De Niro Says He Will 'Be Lucky To Make $7.5 Million' This Year Due To Coronavirus

Robert De Niro Says He Will 'Be Lucky To Make $7.5 Million' This Year Due To Coronavirus

Lawyers working on behalf of Robert De Niro say the Hollywood legend has seen his income take a nose dive due to the coronavirus.

His lawyers say the 76-year-old would be 'lucky to earn $7.5m' (£5.9m) this year. How will he ever cope, eh?

De Niro's lawyers say the actor's finances have been badly affected by Covid-19. Credit: PA
De Niro's lawyers say the actor's finances have been badly affected by Covid-19. Credit: PA

The news was revealed in court after his estranged wife Grace Hightower asked for an emergency order to double her monthly American Express credit card limit from $50,000 (£39,700) to $100,000 (£79,400).

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According to Page Six, De Niro lowered the limit to $50,000 due to the impact caused by the pandemic.

De Niro's lawyer Caroline Krauss explained to the judge that the restaurant chain he has stakes in - Nobu - lost $3 million (£2.37m) in April and $1.87 million (£1.48m) in May.

She added: "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."

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Krauss told the judge: "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."

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He added that the star had already began to cut his spending 'dramatically'.

Robert De Niro and his estranged wife Grace Hightower. Credit: PA
Robert De Niro and his estranged wife Grace Hightower. Credit: PA

Krauss said that under the terms of the couple's prenuptial agreement, De Niro only needs to pay Hightower $1 million (£791,780) a year as long as he's making a minimum of $15 million (£11.8m) in income - saying that if his income drops then her payments will also decrease.

However, Kevin McDonough, the lawyer working on behalf of Hightower, seemed to shoot down the claims, saying: "The idea that Mr De Niro is tightening his belt is nonsense."

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The Supreme Court justice ruled that De Niro could keep the American Express credit card limit at $50,000 while ordering him to pay Hightower $75,000 (£59,383) to find a summer home for her and their two kids.

Featured Image Credit: PA

Topics: Celebrity

Claire Reid

Claire is a journalist at LADbible who, after dossing around for a few years, went to Liverpool John Moores University. She graduated with a degree in Journalism and a whole load of debt. When not writing words in exchange for money she is usually at home watching serial killer documentaries surrounded by cats. You can contact Claire at [email protected]