Tom Brady and Gisele Bndchen Lost Nearly $50 Million in FTX Stock: Report

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According to a report, Tom Brady and his ex-wife Gisele Bndchen, among the major shareholders of the now defunct FTX, lost nearly $50 million due to their involvement in the company.

As part of an endorsement deal with the bankrupt firm, Brady, 45, and Bndchen, 42, took a stake in FTX Trading Limited and both received payment in crypto. The retired NFL star received $30 million in FTX stock, while his then-wife was paid $18 million, according to a New York Times report.

Now, the former couple are among other celebrities being chased by FTX customers. The outlet reports that Brady and Bndchen will also have to pay taxes on their now worthless stock.

The former Tampa Bay Buccaneers quarterback served as an FTX brand ambassador, while Bndchen was named an “environmental and social initiatives advisor” in 2021.

“It’s an incredibly exciting time in the crypto world, and Sam [Bankman-Fried, FTX CEO] and the revolutionary FTX team continues to open my eyes to the endless possibilities,” Brady said in a press release at the time.

FTX (along with its more than 130 affiliates) filed for Chapter 11 bankruptcy in November, which was followed by Bankman-Fried’s decision to step down from the company’s leadership.

The company was forced into bankruptcy “after a run on filings left FTX with an $8 billion shortfall,” The Times reported at the time. “The damage reverberated throughout the industry, destabilizing other crypto companies and sowing widespread mistrust in the technology.”

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Bankman-Fried was arrested in the Bahamas (the country where FTX is based) on December 12 after US prosecutors filed criminal charges against him.

At one point, FTX was valued at around $32 billion, CNN reported.

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