Could Tom Brady's net worth be affected by crypto company's $32 billion fallout?
Tom Brady's 2022 continues to get worse. On top of poor play, a poor team record and a divorce, the quarterback could lose quite a bit of money after a failed investment from last year.
Last year, both Brady and Gisele Bundchen became investors with FTX, a crypto company. At the time, he was very excited about partnering in the world of crypto, according to Coindesk. Here's how Brady put it:
"It's an incredibly exciting time in the crypto-world, and Sam and the revolutionary FTX team continue to open my eyes to the endless possibilities. This particular opportunity showed us the importance of educating people about the power of crypto while simultaneously giving back to our communities and planet."
However, that excitement has undoubtedly faded. Now, the company's stock has tanked. At the time they initially invested, the company was working on a round with a $32 billion valuation, per Coindesk.
FTX is now set to be sold to Binance for pennies on the dollar. It's an unexpected nosedive for the company and it will have terrible consequences for those involved. That includes the Tampa Bay Buccaneers quarterback. It's unclear how much his estimated $250 million net worth (or Bundchen's $400 million net worth, for that matter) will tank, but it is going to take a hit.
FTX founder Sam Bankman-Fried, who got the quarterback into crypto in the first place, has seen his net worth plummet.
He's reportedly seen a 94% decrease in net worth, which puts him at about $991 million. Prior to the fallout, he was one of the world's billionaires. If he suffers that greatly, one can only imagine how much Brady's net worth might.
Will the divorce hurt Tom Brady's net worth?
While it can be expected that the crypto fallout will impact the future Hall of Famer's net worth, that might not be true of his divorce from Bundchen. In their relationship, she was the one with the higher net worth, so that means that he might not lose very much at all.
It is also very possible, since they are reportedly doing this amicably, that neither of them loses anything. They both have their respective careers and won't need alimony from the other. Details remain to be revealed, but the divorce may not hurt him much financially.