Nobu, the posh, high-end restaurant and hotel chain — backed by left-wing actor and raging Trump-basher Robert De Niro — took more than a dozen loans from the Trump administration’s Paycheck Protection Program (PPP).
In DeNiro’s eyes, President Trump is a “mean-spirited, soulless, amoral, abusive con-artist son of a bitch.” But that didn’t stop one of the actor’s prime investments from using the Trump administration’s loan program for cash, a loan program meant to help keep small business wrecked by the Chinese coronavirus financially afloat.
The Nobu chain of luxury restaurants and hotels took 14 loans from the U.S. small business relief program for as much as $28 million, which went toward properties across the country, from California, to Texas, to New York, according to a report by CNBC. Nobuyuki “Nobu” Matsuhisa — the celebrity chef and owner of the restaurant chain — has a net worth of $200 million. Meanwhile, Robert De Niro — who co-founded it — is worth an estimated $500 million.
Restaurants were among the biggest recipients of PPP loans, which were part of the government’s response to financial difficulties that businesses faced during the Wuhan coronavirus pandemic. The report added that U.S. Treasury Secretary Steven Mnuchin has said that the program was not meant to go toward companies that could reasonably tap other forms of capital during the pandemic. – READ MORE
Listen to the insightful Thomas Paine Podcast Below --