Lawyer: Pandemic Has Wrecked De Niro's Finances

Lawrence Kim
July 11, 2020

"He is going to be lucky if he makes $7.5 million this year", said De Niro's lawyer, Caroline Krauss.

Her attorney, Kevin McDonough, said De Niro cut Hightower's allowance in March and banned her and their children, 8-year-old Helen and 21-year-old Elliot, from the upstate compound where he has been living with some of his other four children.

De Niro's lawyers claimed that his financial status was in question thanks to COVID-19, which forced the closure of the restaurants Nobu and Greenwich Hotel, both of which he has stakes in.

Hollywood superstar Robert De Niro is running out of money.

Reportedly, The Irishman alum is in the middle of a divorce battle with Grace Hightower in which his ex-wife is asking a judge to demand De Niro to raise her monthly credit card limit from $50,000 to $100,000. Well, Robert De Niro might only make $7.5 million Dollars this year. Advertisement According to the Daily Mail, Hightower's lawyer told the judge that she and her two children with De Niro, Harvey (8) and Elliot (21), had been banned from his NY compound, which is where De Niro has been staying during the pandemic.

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.

His lawyers also said the actor is running low on money in part because a movie he was supposed to film this summer in Oklahoma has been put on hold - a likely reference to Martin Scorsese's Flowers of the Killer Moon.

"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", Ms Krauss said, adding that De Niro has begun cutting back spending "dramatically".

"Mr. De Niro has used the COVID pandemic, my words would be, to stick it to his wife financially", said the attorney. In the end, the Manhattan Supreme Court Justice Matthew concluded the De Niro should pay her an additional $75,000 so she could find a new place away from the streets of the Big Apple.

"$50,000 seems to be certainly enough to avoid irreparable harm", he said.

Other reports by Click Lancashire

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