“It is with a heavy heart that I announce my decision to file for bankruptcy,” De Niro’s statement began. “I am deeply ashamed of my actions that have brought me to this point. I take full responsibility for the financial mismanagement and poor decisions that have led to this outcome.”
One notable investment that contributed to De Niro’s financial downfall was his involvement in the Nobu restaurant chain. Although Nobu remains a successful brand, De Niro’s extensive investments in expanding the chain during economic downturns and the COVID-19 pandemic strained his finances significantly.
De Niro’s extravagant lifestyle also played a significant role in his financial woes. Known for his love of luxury, the actor maintained multiple residences, including a sprawling estate in upstate New York and a penthouse in Manhattan. His penchant for fine dining, travel, and high-end vehicles added to the financial strain.
The public reaction to De Niro’s announcement has been mixed. Fans and colleagues have expressed shock and sympathy for the actor, while others have criticized his financial decisions and lavish spending.