NASSAU, BAHAMAS (SNN-TV) – According to The New York Times, Tom Brady lost millions in the collapse of cryptocurrency company FTX, for which he served as an “ambassador”.
Under an agreement the retired NFL quarterback made with FTX in 2021, he received $30 million in now-worthless stock. In step with him at the time was his then-wife, Gisele Bundchen, who received $18 million in stock, per the report.
Both Brady and Bundchen, who divorced in October, are being sued by FTX investors who want repayment from celebrity endorsers. Shaquille O’Neal also has been sued in the FTX case, as have Larry David of “Seinfeld” fame, Naomi Osaka and Stephen Curry of the Golden State Warriors.
Before the collapse of FTX, it was valued at $32B, including the $48M in shares held by Brady and Bundchen. Now, it has no value.