US: De Niro’s legal team have reported that investments in restaurant and hotel chain Nobu and The Greenwich Hotel has strained the actor’s finances.
The news was revealed during a divorce proceeding in which De Niro’s wife, Grace Hightower, requested an increase in her monthly American Express credit card limit from $50,000 to $100,000.
Caroline Krauss, a lawyer for De Niro, told the court that Nobu lost $3 million in April and further $1.87 million in May.
Nobu, which has two Manhattan locations and The Greenwich Hotel, in Tribeca New York, were partially closed during the coronavirus pandemic.
As a result of the closure, De Niro borrowed $500,000 from his business parters in order to pay investors.
In March and April, New York was the epicentre of the country’s coronavirus outbreak. It remains in a cautious state of reopening.
Upcoming plans for the Nobu brand include its debut in Poland this summer, with a scheduled opening date of 3 August.