Actor says he is broke but he has tens of millions of dollars in an overseas trust

Source: http://www.crazydaysandnights.net

This permanent A+ list mostly movie actor says he is broke but he has tens of millions of dollars in an overseas trust an another in a shell company’s bank account.

Robert De Niro

Robert De Niro Under Fire After His Nobu Restaurants Received Millions in PPP Loans Amid COVID-19

Robert De Niro‘s Nobu restaurant group is under fire after receiving millions of dollars in Paycheck Protection Program loans from the federal government amid the coronavirus pandemic.

The upscale chain, which was founded by De Niro, 76, celebrity chef Nobuyuki “Nobu” Matsuhisa and film producer Meir Teper in 1994, has outposts all over the world, including several in the United States.

According to government filings released on Monday, July 6, the Nobu brand, which also includes several luxury hotels, took 14 Paycheck Protection Program (PPP) loans from the U.S. Small Business Administration for as much as $28 million. The loans were designed specifically to help small businesses struggling amid the COVID-19 pandemic.

More specifically, the chain received funding for locations scattered across the country, from California to Texas and New York, according to the data. The outpost in Malibu is often frequented by celebrities including Kim Kardashian and her husband Kanye West, Chrissy Teigen and Spiderman star Tobey Maguire.

Eateries across the nation were among the biggest recipients of the Paycheck Protection Program, a key component of the government’s response to the economic impact of the coronavirus crisis. Other recipients of multimillion-dollar loans include Ruby Tuesday, TGI Fridays, P.F. Chang’s and Five Guys.

When it was revealed in April that big-name restaurants such as Shake Shack and Ruth’s Hospitality Group were given loans, public outcry followed and the administration warned companies asking for federal aid to ensure they qualified for the program. – Source

Robert De Niro’s lawyer says coronavirus has caused the actor financial strain

The coronavirus pandemic has not only stopped Robert De Niro from working, but it’s taken quite a bite of his paycheck as well.

In court, De Niro’s estranged wife Grace Hightower asked for an emergency order for her husband, 76, to raise her monthly American Express credit card limit from $50,000 to $100,000, according to Page Six.

Hightower’s lawyer told the judge that De Niro had cut her credit card limit from $100,000, also claiming that she and her two children have been banned from the actor’s New York compound.

Attorneys for De Niro said the actor has come under financial strain as the coronavirus pandemic has limited or halted business for the restaurant chain Nobu and Greenwich Hotel, of which, he has stakes in both, resulting in the cut to the credit card limit. – Source