COVID-19: De Niro struggles, too | Algarve plummets

De Niro says Nobu, Greenwich Hotel are struggling

Not even Robert De Niro is immune from the pandemic’s impact on real estate.The actor and director said his investments in restaurant chain Nobu and the Greenwich Hotel have strained his finances. That news was revealed during a divorce proceeding in which De Niro’s wife asked for her monthly credit card allowance to be raised. An attorney then told the judge that her allowance had to be reduced because Nobu, which has two Manhattan restaurant locations, lost US$3 million in April and another US$1.87 million in May. The famed actor had to borrow US$500,000 from his business partners to meet a capital call, “because he doesn’t have the cash,” his lawyer said.

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