Robert De Niro Says He’s Having Money Struggles But Some are Skeptical about His Claims
The past months have been tough for many people, whether rich or poor. With the country officially being in a recession, even business executives and celebrities are facing financial struggles as the coronavirus pandemic continues to claim lives all over the world.
And believe it or not, veteran actor Robert De Niro may be in the same boat as you as the global health crisis dampened his previously lucrative income sources…or so he says.
According to Page Six, the 76-year-old star claimed in court that he would be lucky if his earnings even reached $7.5 million in 2020. The ‘Goodfellas’ actor reasoned that his investments and film projects are being affected by the coronavirus pandemic.
This information was divulged after his ex-wife Grace Hightower asked for an extension of her credit line back to $100,000 a month. The actress is claiming that her former husband cut her credit down to $50,000 for no good reason.
Meanwhile, De Niro’s party is saying that the cut was caused by the significant decline in his income. The actor’s attorney, Caroline Krauss, even said that he had to borrow half a million dollars from various associates to keep his Nobu restaurants afloat through the crisis.
Krauss also said that her client has been losing a lot of money over the past months. The lawyer then disclosed that De Niro got around $2.5 million coming in this year and the next from his film projects.
The actor last starred in Netflix’s ‘The Irishman’ and was supposed to be filming another project when the pandemic put a stop to productions in the entire entertainment industry.
It’s worth noting that De Niro and Hightower’s divorce is yet to be settled. However, the prenuptial agreement they signed in 2004 entitled the actress to at least $1 million a year as long as her ex’s income remains $15 million and above.
The ex-couple shares two children, 21-year-old Elliot and eight-year-old Helen Grace.
Hard to Believe
Given the longevity and success of De Niro’s career both in entertainment and business, many are finding it hard to believe that the actor is having financial troubles.
Hightower’s lawyer Kevin McDonough even called De Niro’s claims ‘ridiculous’. He further reiterated that the Oscar-winning actor once admitted that he made $30 million a year and had a net worth of $500 million.
More in Rich & Famous
Golden Rules of Financial Planning For Beginners
A dime saved is a cent gained. A penny saved is a penny earned. Bet you’ve all heard those lines a...November 30, 2021
Let’s Talk Stocks – A Few Great Tips That Can Help You Create An Amazing Portfolio
If you are an investor then you’ll probably know the struggle that comes with creating and developing a stock portfolio that’ll...November 26, 2021
Money Doesn’t Make You Rich, Your Core Values Do
You must have heard this old yet classic expression – money can’t buy everything. But even after knowing about it, a...November 25, 2021
4 Tips & Tricks to Make The Most Out of Tax Deductions
We know it, we understand it, but we don’t want to accept it. That one-liner perfectly defines the condition of every...November 25, 2021
Here Are Some Great Investing Tips From Cathie Wood
Welcome to Investing 101 with Cathie Wood – CEO, CIO, and Founder of the investment management firm, Ark Invest. When it...November 25, 2021
Choosing The Right Financial Advisor For You
When you have to make significant decisions, you would most probably reach out to an expert with enough field knowledge to...November 23, 2021
Pre-Investment Essentials To Cover Before Entering The Market
You must be familiar with the age-old saying, “yesterday was the best time to invest and the next best time is...November 22, 2021
4 Tips to Enhance Your Investing Journey
If you were to describe the stock market in one word, how would you do it? Most people would either call...November 15, 2021
Planning To Be A Professional Vlogger? Here’s How To Invest Your Money
Technology opened up a lot of possibilities and opportunities for us. For one, it helps improve the medical science as we...November 7, 2021