Brady's Crypto Investment: Millions In Bitcoin And Ethereum

Tom Brady, a retired NFL quarterback and seven-time Super Bowl champion, has made significant investments in the cryptocurrency space. Brady and his ex-wife, Gisele Bundchen, partnered with FTX, a cryptocurrency exchange, in 2021. The couple received equity in FTX and a signing bonus in cryptocurrency, with Brady investing over $84 million and obtaining 1.8 million shares. However, the collapse of FTX in November 2022 resulted in substantial financial losses for the couple, as the company filed for bankruptcy and its stock became worthless. Brady reportedly lost $30 million in the crypto crash and faces additional legal troubles due to his involvement as an ambassador and spokesperson for FTX. Despite the losses, Brady's long-term financial stability remains secure due to his lucrative contracts and endorsements.

Tom Brady lost $30 million in the FTX collapse

Tom Brady, the seven-time Super Bowl champion, lost a reported $30 million in the FTX collapse. The retired NFL quarterback was an ambassador for the cryptocurrency company and had received $30 million in now-worthless stock as part of his agreement to pitch the company in television ads and conferences. FTX, which filed for bankruptcy in November 2022, was valued at $32 billion before its collapse, including the $48 million in shares held by Brady and his then-wife, Gisele Bundchen.

Brady's involvement with FTX went beyond just being an investor. He actively promoted the brand and appeared in commercials alongside Bundchen, who herself received $18 million in stock. This high-profile endorsement proved to be a double-edged sword as it attracted the attention of investors, but it also made him a target for lawsuits following the company's downfall.

In the wake of FTX's bankruptcy, Brady is facing legal peril. He and Bundchen, who divorced in October 2022, are being sued by FTX investors seeking repayment from celebrity endorsers. The lawsuit, filed in federal court in Florida, alleges that Brady and other celebrities failed to perform due diligence before marketing FTX products to the public.

While the exact amount of Brady's investment in FTX is unclear, it is believed to have been significant given his equity in the company and his overall wealth. The quarterback is estimated to be worth $250 million, while Bundchen's net worth is estimated at $400 million, giving them a combined net worth of $650 million. Despite the financial setback from the FTX collapse, Brady's long-term financial stability is secure thanks to his lucrative contracts and earnings from his NFL career.

The FTX collapse serves as a stark reminder of the risks associated with investing in cryptocurrency and startups. Even with thorough due diligence, investments can still result in unexpected losses, as Brady and other FTX investors have unfortunately experienced.

Brady's ex-wife Gisele Bundchen lost $18 million

Tom Brady, a retired NFL quarterback, lost $30 million in the collapse of the cryptocurrency company FTX, for which he served as an "ambassador". Brady received $30 million in now-worthless stock for his work promoting the company. His then-wife, supermodel Gisele Bundchen, also invested in FTX and lost money in the collapse. Bundchen received $18 million in now-worthless stock as part of the deal she and Brady made with FTX in 2021. The couple has since divorced, finalising their breakup around the time of the FTX collapse in November 2023.

Bundchen's exact losses are unclear, but as her shares are now worthless, she has likely lost the entirety of her $18 million investment. This amounts to a substantial proportion of her net worth, which has been estimated at $400 million.

Brady and Bundchen were among the celebrity endorsers of FTX who are now being sued by investors who want repayment. The lawsuit, filed in federal court in Florida, alleges that the defendants did not perform due diligence before marketing FTX products to the public.

FTX's former CEO, Sam Bankman-Fried, is also facing federal fraud-related charges. Bankman-Fried, who got Brady into crypto in the first place, has seen his net worth plummet. He is reported to have lost 94% of his net worth, which was previously over $1 billion.

While the crypto fallout will likely impact Brady's net worth, his divorce from Bundchen may not affect him financially. They are reportedly parting ways amicably, and neither is expected to seek alimony from the other.

The couple are being sued by FTX investors

Tom Brady and his ex-wife, Gisele Bündchen, are among a roster of celebrities who have been named as defendants in a class-action lawsuit against the bankrupt cryptocurrency company FTX. The lawsuit, filed by an investor, alleges that by endorsing the company, the former couple brought credibility to the business.

Brady and Bündchen each took majority stakes in the company in September 2021 and touted FTX in a series of commercials, encouraging their peers to be part of the crypto craze. In one such commercial, Brady said:

> "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. We have the chance to create something really special here, and I can't wait to see what we're able to do together."

However, FTX filed for bankruptcy in November 2022, and its founder, Sam Bankman-Fried, is facing investigations by state and federal authorities. The lawsuit against Brady, Bündchen, and other celebrities alleges that FTX was a Ponzi scheme and that the endorsements by these celebrities were full of "misrepresentations and omissions" and should be held liable for losses.

The plaintiffs in the class-action suit are seeking more than $5 million in damages, and the lawsuit states that:

> "Part of the scheme employed by the FTX Entities involved utilizing some of the biggest names in sports and entertainment — like these Defendants — to raise funds and drive American consumers to invest ... pouring billions of dollars into the deceptive FTX platform to keep the whole scheme afloat."

While the exact amount of their investment is unclear, it is believed that Brady and Bündchen invested significant money in FTX, with one source claiming that Brady invested over $84 million in the company, obtaining 1.8 million shares. Given their endorsement deal and equity in the company, as well as their combined net worth of $580 million to $650 million, it seems likely that the couple's investment was substantial.

As a result of the FTX collapse, Brady and Bündchen are poised to lose a significant portion of their investment, and the lawsuit filed by FTX investors could result in further financial losses for the couple.

Brady's other crypto investments are struggling

Tom Brady lost $30 million in the collapse of the cryptocurrency company FTX, for which he served as an ambassador. The retired NFL quarterback had received $30 million in now-worthless stock for his work promoting the company in television advertisements and at its conference. Brady's ex-wife, Gisele Bundchen, was also involved in the promotion and received $18 million in stock. FTX filed for bankruptcy in November 2023, and its former CEO, Sam Bankman-Fried, faces federal fraud-related charges.

Brady's crypto woes don't end with FTX. The former NFL star co-founded Autograph, an NFT startup that has struggled in the wake of the broader crypto crash. In May, Autograph slashed nearly a third of its workforce.

The impact of the FTX collapse on Brady's net worth is uncertain. While he has lost millions, his long-term financial stability is likely secure due to his lucrative contracts and earnings from his NFL career and endorsements. However, the crypto crash has affected his other investments, and he may continue to face financial losses in the coming months.

His long-term financial stability is secure

Tom Brady lost $30 million in the collapse of the cryptocurrency company FTX, for which he served as an ambassador. Brady was a leading ambassador for the now-bankrupt company and lost millions when it went under. He also faces legal troubles, as he is among a handful of celebrity defendants in a class-action lawsuit filed by aggrieved FTX customers.

Despite these setbacks, Brady's long-term financial stability is secure. He earned more than $300 million from his NFL salaries over 23 years in the league and has secured additional income through endorsement deals and off-the-field investments. Furthermore, he signed a lucrative 10-year, $375 million contract with Fox Sports as a lead NFL analyst and company ambassador. This long-term deal ensures that Brady will maintain financial stability despite the losses from his investment in FTX.

In addition to his substantial earnings, Brady has a net worth of approximately $250 million, while his ex-wife, Gisele Bundchen, has an estimated net worth of $400 million. Bundchen also invested in FTX, and the couple's combined losses could impact their assets. However, their divorce is unlikely to significantly affect Brady's financial situation, as they are amicably separating without alimony payments.

While the crypto crash has caused setbacks for Brady, his diverse income streams and substantial earnings from his NFL career provide a solid foundation for his long-term financial stability.

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