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.