Tom Brady and Gisele Bundchen have reportedly lost a whopping $48 million after heavily investing in FTX, a cryptocurrency exchange that filed for bankruptcy in November 2022. According to bankruptcy documents obtained by The Verge and other outlets, Brady held over 1.1 million shares in FTX, while Bundchen held around 680,000.
According to estimates, Brady's investment was valued at around $30 million, while Bundchen's was worth about $18 million. A report from New York Times also states that Brady and Bündchen received a small amount of Ethereum, Bitcoin, and Solana tokens to trade on the platform, which evaporated amid FTX’s bankruptcy.
The former couple have been also sued by FTX customers seeking compensation from the celebrities who endorsed the exchange. On top of it all, the terms of the deal would have required the former couple, who divorced last year, to pay taxes on at least some of their now worthless FTX stock, two people familiar with the endorsement deal have said.
Brady and Bundchen even appeared in a Super Bowl commercial for FTX in 2022, where they joked about their crypto wealth and hinted at Brady's retirement. However, the ad has not aged well, as FTX's collapse has erased their crypto fortune and Brady's retirement has been marred by controversy.
Brady and Bundchen are not the only celebrities who have lost money in FTX's bankruptcy. Other notable figures include the actress Lindsay Lohan, the online influencer Jake Paul and musicians including Soulja Boy and Lil Yachty all of whom are also sued by the investors.
