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 (PPP), according to recently released government filings.

The chain, which includes 46 restaurants and 13 luxury hotels across the world, was co-founded by actor Robert De Niro, celebrity chef Nobuyuki “Nobu” Matsuhisa, and film producer Meir Teper. Nobu took 14 loans totaling as much as $27.7 million, CNBC reported. Because the Small Business Administration (SBA) provides only a range for loan sizes instead of precise dollar amounts, however, the Nobu group may have received as little as $11 million, CNBC said.

De Niro, for the record, is worth an estimated $500 million.

“Restaurants were among the biggest recipients of the Paycheck Protection Program, a key component of the government’s response to the economic impact of the coronavirus pandemic. The news that big, well-funded chains like Shake Shack and Ruth’s Hospitality Group had initially gotten loans set off a furor in April, prompting the administration to warn companies to make sure they qualified for the program,” CNBC wrote.

Some other large chains, including Five Guys, Dig Inn, Mod Pizza, and Chopt received PPP loans of at least $5 million.

The PPP fund totals hundreds of billions of dollars and was intended to help small businesses survive the loss of revenue as COVID-19 swept the nation. But a firestorm erupted in April when it was revealed that large corporations received billions, prompting many to return the loans.

Franchisees of McDonald’s and Wendy’s appeared throughout the massive list and in some cases secured loans north of $150,000. The Southern California Pizza Company, which operates 224 Pizza Hut locations on the West Coast, got $5 million to $10 million, despite being owned by private equity as of 2012.

Companies returned more than $30 billion in loans after [Treasury Secretary Steven] Mnuchin chided organizations like the Los Angeles Lakers for tapping the program. But the government is also withholding the identities of companies that returned funds.

Shake Shack, for instance, gave back the $10 million in PPP loans it received, while Ruth’s Chris, a nationwide steak chain, returned $20 million. “As we watched this opportunity play out over the weeks, it was very clear that the program was underfunded and wasn’t set up for everyone to win,” Shake Shack CEO Randy Garutti told CNN at the time. “By returning our $10 million, that $10 million can go back into the pot and go to the people that deserve it. We hope it can go inspire the next round.”

Other millionaire-owned businesses include Kanye West’s clothing company, Yeezy LLC, which reportedly received a loan between $2 million and $5 million from the PPP, according to the data released Monday.

While the government payments are called “loans,” they are forgivable if the businesses that received them can show they used the money to continue paying their employees.

24 thoughts on “Robert De Niro’s Restaurant Chain Nobu Took Up To $28 Million In Taxpayer Loans”
  1. I would bet that the Democraps and RINOs made sure the wording was in the PPP to allow them to get money for themselves. How much did Pelosi receive???

  2. This repulsive ass cant say enough bad things abot tTrump and now get $28 million,,,go directly to him and get it back now,,,,I speak as a tax payer and others,,get it back now

  3. its already out that her husband go a load also,,,what hypocrites these left freaks are,, pure evil satanic evil

  4. 😂😂😂
    For a wimpy loudmouthed smuck like little bobby d,who says he hates President Trump’s guts,he sure doesn’t mind taking his money! But then,little bobby is quite used to lying as he’s been doing that all his life! Won’t help though, his business ventures are shot ,he’s broke,can’t get any scripts,he’s done for! Yip-peeeee!!!!

  5. Hey Bobby Boy, give it back you hate President Trump iso much how can you accept money from him. You’re an ungrateful pos. Thank You

  6. I won’t give the ass hole 1 cent . F#ck de niro just another piece of shit in Hollywood . Nothing but perverts live and work there . f#ck them all

  7. Let his businesses go bankrupt. THEY ARE RAT ROACH VERMIN INFESTED TOMAIN POISON DUMPS. TAX PAYERS WANT TO SEE HIM SUFFER. NONE OF OUR MONEY TO THIS AMERICA HATING PRICK.

  8. Hey.., Robert . You hate Trump so much why do you borrow money from his presidency ?
    Move to Canada please..

  9. Well it just goes to show that that there is no ethics or morality amongst the Left. The ME generation is here to stay and the hell with anyone else. Those who manipulate the system know no boundaries or care for their fellow Americans. What a crock!!!!

  10. Who, if anyone, is overseeing the operation of this government program seems an all to reasonable question.

  11. If factual it’s amazing how Democrats
    Are always yelling about the dishonesty
    Of conservatives when they continually
    Behave like this. To crazy diNero
    Shut up already and repay the taxpayers. You are a cheat and so are your partners!

  12. 🤬 I’d like to know that, too. We know what deceivers, liars, scammers, and thieves Dems/libs are. It’s all they have.

  13. Cry me a river, Bobby boy.

    Btw… have you noticed? Looks like you’re not aging all that well, are you? Yeah, I’m talkin’ to you.

  14. you tell the president fuck you. NO FUCK YOU BOBBY! Piece of shit Hollywood pretender! Used to like you till you showed your true colors. And they obviously aren’t Red. White. And Blue!

  15. So mr.big mouth ripped off the American people. Invest your own money robert not ours.

  16. Nothing personal, even though you have proved time and time again that you are an ungrateful hater, one of those who deserve a plaque with the designation: “To the biggest Fother Mucker” in California. Since I am sure that you are part of the Deep State, I hope you go belly up one day. If not, so what! Where you will end you need no money, my friend! And I mean the other life, you know?

  17. Someone with his net worth has no need to bilch taxpayers out of our hard earned dollars. People who are this lucrative should automatically be denied government loans. He is also a traitor which should be another disqualifying point.

  18. Today, I went to the beach front with my kids. I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She put the shell to her ear and screamed. There was a hermit crab inside and it pinched her ear. She never wants to go back! LoL I know this is completely off topic but I had to tell someone!

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