Tom Brady lost $30 million after FTX collapse: report (2024)

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Tom Brady lost $30 million after FTX collapse: report? ›

According to a new report from the New York Times, we now know more details concerning the fallout. Brady received $30 million -- almost entirely in FTX stock -- for his services in promoting the company, per the Times. Those shares are now worthless.

Tom Brady is the most famous face to promote and invest in FTX — and he also may have suffered the greatest individual loss. The Tampa Bay Buccaneers quarterback owned over 1.1 million common shares of FTX Trading, which equaled about $45 million before the company went bankrupt, according to Bloomberg.

FOX Business Flash top headlines for July 7. Tom Brady invested $30 million in FTX and was an "ambassador" for the cryptocurrency exchange. It's all gone now. According to a report by The New York Times, Brady and his ex-wife Gisele Bunchen combined to lose $48 million when FTX collapsed.

Tom Brady and Gisele Bündchen: FTX Crypto Scandal (loss of $30m) Back in 2021, Brady and then-wife Gisele Bündchen bet big on FTX, with Brady leading the cheer squad, blitzing through commercials and billboards. His reward? About $30 million in shares, tied tightly to FTX's polarizing CEO Sam Bankman-Fried.

Superstar football player Tom Brady has a net worth of $300 million, according to Celebrity Net Worth.

Aside from the industry's credibility, Yadav said the biggest losers will be FTX's customers. Other losers included large institutional investors such as Sequoia, which is believed to have invested about $210 million in FTX. In a letter to partners on Wednesday, the firm said it was marking its investment down to zero.

Customers of the failed cryptocurrency exchange FTX are poised to recover all of the money they lost when the firm collapsed in 2022 and receive interest on top of it, the company's bankruptcy lawyers said on Tuesday.

Before the collapse of FTX, it was valued at $32 billion, including the $48 million in shares held by Brady and Bundchen, per the Times. Now, it has no value. Brady, 45, ranked No. 50 on Forbes' 2023 list of the world's highest-paid athletes with earnings of $45.2 million in football salary and endorsem*nts.

Former NFL Star Rob Gronkowski to Pay $1.9M to Settle Crypto Investor Suit. Former New England Patriots and Tampa Bay Buccaneers tight end Rob Gronkowski will pay $1.9 million to settle claims brought against him by former customers of Voyager Digital, a cryptocurrency lender.

The Tom Brady Diet places an emphasis on eating mostly plants while also limiting unhealthy fat sources like trans and saturated fat. The diet includes plenty of fruits, vegetables, whole grains, legumes, olive oil, nuts, and seeds, as well as limited amounts of lean meats and fish.

Did Tom inherit his money? ›

Unlike Gatsby, Tom does not work. He inherited a great fortune, which allows him to pursue his leisurely interests such as playing polo.

Tom earns his money through his professional football career and to describe the extent of his wealth, Fitzgerald states, “His family was enormously wealthy …show more content… It was hard to realize that a man in my own generation was wealthy enough to do that” (Fitzgerald, Page 6).

Rich Class In The Great Gatsby

There are the people like Daisy, Tom, and Jordan that were born rich, which they had gotten their money from their family and they were called “old money”.

Gisele far wealthier than ex-hubby Brady

Bündchen actually has a much higher net worth than former husband Tom Brady, whose fortune is estimated at around $250 million. While Gisele was busy banking $500 million in salary and endorsem*nts between 2000 and 2020, the NFL legend earned $330 million.

As of 2024, his net worth is estimated to range from $40 million to $70 million​.

Well, according to Celebrity Net Worth, Gisele Bündchen's net worth is $400 million, which is almost double what her husband Tom Brady is worth. She makes $40 million per year, according to Celebrity Net Worth.

Billionaires with largest net worth drop due to global crypto crash in 2022. Binance founder and CEO Changpeng Zhao (commonly known as CZ) was the crypto billionaire who lost the most money following the crypto crisis of 2022, with a net worth drop amounting to 82 billion U.S. dollars.

FTX founder Sam Bankman-Fried, left, arrives at a federal courthouse in Manhattan on Feb. 16, 2023. Nearly all customers of FTX will get their money back, plus interest, after the cryptocurrency exchange imploded 17 months ago.

Those who lost money when the exchange collapsed in November 2022 are owed around $11 billion, but the estate been able to recover as much as $16.3 billion, court records filed on Tuesday show. As a result, claims will be repaid with interest.

The leading cryptocurrency by market value fell over 8% to under $62,000, data from charting platform TradingView show. That's the biggest single-day percentage (UTC) decline since Nov. 9, 2022. That day, prices tanked over 14% as Sam Bankman Fried's FTX exchange, formerly the third largest, went bankrupt.