An appeals court ruled Thursday that Robert De Niro’s ex-wife Grace Hightower doesn’t have a right to half of the money he made in Hollywood and other businesses after their divorce.
Hightower said that a prenuptial agreement she made with the 78-year-old “The Irishman” star in 2004 gave her the right to half of his earnings while they were together. She said that these earnings are marital assets that should be split evenly.
But the Appellate Division didn’t agree with Hightower and upheld a February ruling from a lower court.
“The husband’s income earned during the marriage and other business assets he acquired during that time is his separate property,” says the appellate court decision.
In February, Manhattan Supreme Court Judge Matthew Cooper wrote that the prenup “establishes that the majority of [De Niro’s] income earned during the marriage, whether from acting, film production, or business ventures, is his separate property.”
Still, Hightower will get a lot of money because of the prenuptial agreement. It says that the couple should sell the $20 million house they lived in together and put $6 million toward buying a house for Hightower and their two kids.
And according to the prenup, De Niro agreed to pay her $1 million a year in alimony until she remarries or one of them dies.
Caroline Krauss, De Niro’s lawyer, told Page Six, “The verdict speaks for itself. We agree with the conclusion, which is clear.”
In 2018, the actor from “Raging Bull” quietly asked the 66-year-old philanthropist to end their marriage. They were together for 20 years, with a five-year break in the middle. In 2003, they got a divorce, but a year later, they renewed their vows and got back together.
At a court hearing in April, their lawyers blamed the other side’s clients for spending too much. Krauss said De Niro couldn’t keep up with Hightower’s “thirst for Stella McCartney,” and Kevin McDonough, Hightower’s lawyer, said De Niro flew by private jet or helicopter to social events.
Both lawyers played down how much their clients spent.
They have also argued about how much De Niro should pay Hightower until they get a divorce and the prenuptial agreement goes into effect.
At that hearing, Cooper said that no matter how the case is settled, “they will still come out of this richer than almost anyone on Earth.”
What Is Robert De Niro’s Net Worth?
The American actor, producer, and director Robert De Niro have a net worth of $500 million. Robert De Niro is one of the best actors in movie history. He has been in some of the best movies ever made, like Taxi Driver, Raging Bull, Goodfellas, and The Godfather II.
Robert has made a lot of money outside of acting as one of the founders of the Nobu chain of high-end sushi restaurants and hotels. Today, there are more than 40 Nobu restaurants all over the world. Every year, the empire brings in several hundred million dollars in income.
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Robert’s net worth is at least $500 million, according to documents released as part of his bitter divorce battle with Grace Hightower, his wife from 1997 to 2018. The filing also said that Robert made between $250 and $300 million from film salaries and business dividends between 2004 and 2018.