In a stunning turn of events, legendary actor Robert De Niro has announced that he is filing for bankruptcy. The iconic star, known for his roles in classic films such as “Taxi Driver,” “Raging Bull,” and “The Godfather Part II,” revealed his financial troubles in a heartfelt statement, expressing deep regret and shame over his actions that led to this point.

De Niro, 80, made the announcement through a press release distributed by his publicist. The news has sent shockwaves through Hollywood and the entertainment industry, where De Niro has long been revered not only for his acting prowess but also for his business ventures and philanthropic efforts.

“It is with a heavy heart that I announce my decision to file for bankruptcy,” De Niro’s statement began. “I am deeply ashamed of my actions that have brought me to this point. I take full responsibility for the financial mismanagement and poor decisions that have led to this outcome.”

De Niro’s financial troubles reportedly stem from a series of poor investments and mismanaged funds. Over the years, he has invested in various business ventures, including restaurants, real estate, and film production companies. While some of these investments initially appeared promising, they ultimately did not yield the expected returns.

One notable investment that contributed to De Niro’s financial downfall was his involvement in the Nobu restaurant chain. Although Nobu remains a successful brand, De Niro’s extensive investments in expanding the chain during economic downturns and the COVID-19 pandemic strained his finances significantly.