Tom Brady vs Gisele Bundchen: Who stands to lose more from FTX bankruptcy?
The 2022 NFL season is not shaping up well for Tom Brady. The star QB is playing some of his worst football, with the Tampa Bay Buccaneers performing poorly as a team. He also finalized his divorce from Gisele Bundchen, ending a 13-year marriage.
Now, as the year is coming to an end, one of Brady's investments has taken a significant hit.
This week, Brady's crypto partner, FTX, filed for bankruptcy. Sam Bankman-Fried lost billions, apologizing to investors and customers on Twitter. Brady and Gisele were linked to the company, promoting it for months.
I’m gonna miss that ketchup bottle tomorrow. Ready to go in Pittsburgh! @FTX_Official #FTXPartner https://t.co/293YqpNsLJ
Last year, Bundchen and Brady ended up acquiring equity stakes in the company. The QB was taken on board as the brand ambassador, promoting on social media and through advertisements. Bundchen was hired as the environmental and social initiatives adviser.
Considering the bad state of FTX, their stake in the company is bound to take a hit. Of course, the details of their investment and contract are not known. That being said, one does not expect Tom Brady or Gisele Bundchen to go broke.
What was Tom Brady and Gisele Bundchen's FTX stake value?
The former power couple is worth hundreds of millions of dollars and might not take a complete hit after the bankruptcy. However, the value of their shares is bound to be seriously affected.
Now, as the value is not known, one cannot gauge who will lose more money. It depends on how much was invested. Considering Brady was the ambassador for the brand, he might not have invested directly. Bundchen's deal could be a similar exchange.
Their net worth, considering that billions were at stake, can take a small hit. Brady is currently worth $250 million, and the 42-year-old supermodel is worth $400 million.
When the deal was announced, both Brady and Bundchen were enthusiastic about their new venture.
“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,” Brady had said.
“This particular opportunity showed us the importance of educating people about the power of crypto while simultaneously giving back to our communities and planet. We have the chance to create something really special here, and I can’t wait to see what we’re able to do together.”
Bundchen termed it 'fascinating' and was excited about taking the brand ahead with the team.
Even if their ownership with the company is affected, it might not be a 100 percent. With their divorce being high profile, every single investment and asset of theirs is under scrutiny.
Tom Brady and Gisele amicably parted ways, and ended up sharing a statement on social media. How that affects their financial assets remains to be seen. Their venture into crypto certainly didn't end well.