Robert De Niro’s ‘Nobu Chain’ Owes $28M in Taxpayer Loans

Robert Deniro
Nobu, the international luxury chain of sushi restaurants and hotels, took up to $28 million in loans from the U.S. small business relief program as part of the Paycheck Protection Program.

Actor Robert De Niro’s international chain of sushi restaurants and luxury hotels owes the U.S. government $28 million in loans from the Paycheck Protection Program (PPP), reports said.

Nobu, which runs 46 restaurants and 13 luxury hotels across the world, has 14 separate loans which could total $27.7 million. The loans fall under the U.S. small business relief program which is overseen by the Small Business Administration (SBA).

Nobu is co-owned by De Niro, celebrity chef Nobuyuki “Nobu” Matsuhisa, and film producer Meir Teper. 

De Niro, a multi-awarded Hollywood celebrity, is worth an estimated $500 million.

CNBC reported that restaurants were among the biggest recipients of the Paycheck Protection Program, which is a key component of the Trump government’s response to cushion the economic impact of the coronavirus pandemic. 

In April, it was reported that big, well-funded chains like Shake Shack and Ruth’s Hospitality Group were granted loans.