Tom Brady and Gisele Bundchen's 1.8 million stakes in FTX now worth zero, Bucs QB and ex-wife set to lose full investment
Tom Brady and his ex-wife Gisele Bundchen may be in hot water. Everyone involved in thre FTX cryptocurrency is, but these two were especially involved and invested and it may cost them a lot of money.
Bloomberg Business wrote on Instagram:
NFL star quarterback Tom Brady, supermodel Gisele Bündchen and Patriots owner Robert Kraft are among those sharing the pain of FTX Group’s sudden implosion. Brady owns more than 1.1 million common shares of FTX Trading, documents show, and Bündchen has more than 680,000 shares in the same entity. The value of the investments couldn’t immediately be learned, but are assumed to be practically worthless."
After the cryptocurrency's crash, the shares are worth next to nothing. Crypto can be volatile, but nothing like this has happened yet. The caption continued:
"Stockholders of bankrupt companies rarely recover any of their money because US law requires creditors be repaid in order of priority, and stockholders are last in line. 'At the end of the day, we’re not going to be able to recover all of the losses here,' FTX CEO John J. Ray III said."
FTX founder Sam Bankman-Fried was arrested and all the investors like Brady, Bundchen, Steph Curry and others are being sued over their role in the entire thing.
What began as a successful and beneficial foray into the cryptocurrency world has now turned into an absolute nightmare for Brady, Bundchen and others.
Tom Brady and Gisele Bundchen net worth
It's unclear what the crash will do to the net worth of either Tom Brady or Gisele Bundchen. Now that they're divorced, it will affect each of them separately.
Prior to any changes due to FTX's crash, Brady was worth an incredible $250 million. That may even continue to go up when he retires as he's set to join the Fox broadcasting team and make a lot of money as a result.
Bundchen, even though she's not the most famous NFL star in the world like her ex-husband, is worth even more. She carries a net worth of over $400 million, according to Women's Health.