Tom Brady and ex-wife Gisele Bundchen lost mega $48 million in FTX shares after company went bankrupt
TOM Brady and Gisele Bundchen’s marriage may have been filled with successes, but the details of one remarkable failure have emerged.
The husband and wife duo of thirteen years were among the multiple high-profile celebrities entangled in the FTX Cryptocurrency collapse last year.
In 2021, 45-year-old Brady signed an endorsement agreement with Sam Bankman-Fried’s organization worth $30million, per the New York Times.
42-year-old Bundchen, on the other hand, reportedly invested just over half that amount – $18million – and served as an environmental advisor.
Other celebrities to have been tied to FTX were NBA legend Steph Curry, tennis star Naomi Osaka, and comedian Larry David.
FTX wound up filing for bankruptcy in November, with Bankman-Fried resigning shortly afterward.
Speaking to Vanity Fair in April, Bundchen explained how she had been “blindsided” by the collapse.
“I’m no different than everyone else that trusted the hype,” she said, adding that she was under the impression FTX was “a sound and great thing based on what my financial advisers told me.”
Bundchen went on to describe the situation as “terrible,” saying: “I’m so sorry for all of us that this happened, and I just pray that justice gets made.”
Both Brady and Bundchen, as well as the other stars named above, have since been named defendants in a federal lawsuit in Florida after allegedly “misleading investors,” per the New York Times.
The suit states that “None of these defendants performed any due diligence prior to marketing these FTX products to the public.”
But while Brady and Bundchen’s FTX investment may have backfired, it’s safe to say both are still doing well for themselves.
Brady has an estimated net worth of around $300million, and next fall is set to join Fox Sports on a ten-year deal worth $375million.
Meanwhile Bundchen’s ongoing comeback tour in the world of modelling has likely only strengthened her already impressive bank account.
She has a reported net worth of around $400million, and has recently worked with brands including Louis Vuitton, Jimmy Choo, and Arezzo among others.
