In FTX Crash Tom Brady & Ex-Wife Gisele Lost Millions, Exact Numbers Are Now Out
Tom Brady, a former player for the New England Patriots, and his ex-wife Gisele Bundchen lost an astounding $48 million by investing in the failed cryptocurrency exchange FTX.
In FTX Crash Tom Brady & Ex-Wife Gisele Lost Millions, Exact Numbers Are Now Out
Now let’s go back. Sam Bankman-Fried, whose company FTX, a cryptocurrency marketplace, was taking off, started working with Tom and Gisele. The former New England Patriots quarterback served as his chief representative despite the “wunderkind” managing to secure several celebrities to promote his website. He and Gisele spoke at conferences, featured in advertisements, and shared social media posts praising FTX.
Report: Tom Brady and Gisele lost an astonishing $48 million in the FTX cryptocurrency crash last year.
Tom Brady had invested a staggering $30 million into FTX, while his then wife had contributed $18 million from her personal wealth.
In exchange for their investments, Tom… pic.twitter.com/OdpH8CmXYB
— Dov Kleiman (@NFL_DovKleiman) July 6, 2023
Everything collapsed in November 2022. Although we aren’t financial experts, it appears that the majority of the claims made by this SBF person were false; as a result, many individuals lost their money when the scam was exposed.
According to The New York Times, the couple ultimately lost a whopping $48 million on the now-defunct cryptocurrency exchange FTX.
Tom Brady and Gisele Bündchen have been sued by a group of FTX customers seeking compensation from the celebrities who endorsed the exchange. They're the latest example of a reckoning facing stars who rushed to embrace the online hype of cryptocurrencies. https://t.co/2GM24BVfk1
— The New York Times (@nytimes) July 6, 2023
Brady, 45, put down a sizable $30 million while his then-wife Gisele, 42, put down $18 million. The duo received FTX shares in return for their separate contributions, but it is now worthless because the firm failed in November 2022.
The former couple could still be required to pay tax on the investment notwithstanding that. In 2022, Brady and Gisele got divorced.
Tom Brady's situation with the ill-fated FTX exchange is the highest-profile example of a humiliating reckoning facing the actors, athletes, and other celebrities who rushed to embrace the easy money and online hype of cryptocurrencies. https://t.co/LAdgTJG5QT
— The Boston Globe (@BostonGlobe) July 6, 2023
They are also identified in a class-action lawsuit filed by FTX users who want to hold the famous people who support the exchange responsible.
Shark Tank star Kevin O’Leary, who lost $11 million, is one of the other well-known people who was negatively impacted by the FTX fiasco.
Inside Tom Brady, Gisele Bündchen’s $50M FTX disaster
Tom Brady and Gisele Bündchen received a pretty penny to join the now-bankrupt cryptocurrency exchange FTX, according to a new report. The future Hall of Fame quarterback — who teamed up with the now-failed crypto compan… pic.twitter.com/gwSUoS0b98— Let's Talk About Dis Shidd (@MrsBarnesII) July 6, 2023
Brady and Bundchen received stock holdings in FTX as part of their compensation for serving as brand ambassadors, along with athletes Steph Curry, Naomi Osaka, and David ‘Big Papi’ Ortiz.
Larry David, Shaquille O’Neal, William Trevor Lawrence, Udonis Haslem, and Shohei Ohtani are further celebrities included in the complaint.
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