Cryptocurrency exchange FTX’s meltdown has cost a handful of celebrities significant sums of money.
The once-booming company filed for bankruptcy in November, leaving its founder and CEO Sam Bankman-Fried (who lost billions of dollars himself) is awaiting trial in New York City on fraud charges. he pleaded not guilty. Co-founder Gary Wang reportedly lost nearly $2 billion.
Recently, a 68-page document revealed in court the individuals and investment firms who held the largest stake in the company.At its peak in September 2021, FTX was valued at $32 billion. At that time, the stock was trading at $80.
Of course, more regular investors lost money too, not as personally as these people.
Biggest FTX Loser:
Tom Brady and Gisele Bundchen: The NFL legend and his supermodel ex-wife starred in an FTX commercial and got a lot of shares.
According to the Daily Mail, Brady owns 1.1 million shares of FTX Trading common stock, which was valued at about $93 million at its peak.
Bundchen owns over 680,000 shares and was valued at an all-time high of $57 million.
That said, no one knows yet if they actually paid anything for the stock or if they were given the stock to promote FTX.
“It’s an incredibly exciting time in the world of cryptocurrencies, and Sam and the innovative FTX team continue to see limitless possibilities,” said Brady in 2021. At the same time, we give back to our community and the planet. We have a chance to create something really special here and can’t wait to see what we can do together. “
Brady’s representative, Dong Yi, and a spokesman for Robert Kraft did not immediately respond to DailyMail.com’s request for comment.
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Robert Craft: Kraft owns the NFL’s New England Patriots and is Brady’s best friend. With his net worth exceeding his $10 billion, it’s not too much to say that his over 600,000 shares, once valued at $53 million, are now virtually worthless. you don’t care
Peter Thiel: Another billionaire, Thiel is worth over $7 billion. He founded his Paypal with about 300,000 shares worth $25 million.
Shohei Ohtani: Otani, one of the best players in baseball, former MVP, both pitcher and hitter, has joined as an ambassador for stocks, corporate stocks and cryptocurrencies. Exactly what the collapse brought him is unknown.
Other athletes such as tennis star Naomi Osaka and Jacksonville Jaguars quarterback Trevor Lawrence signed similar contracts.
Leagues and arenas (such as the home of the Miami Heat) have also been affected by the collapse. Miami Arena will now be named Miami-Dade Arena instead of FTX Arena.
Closer to home, the Ontario teachers’ pension system has taken a big hit. It is reportedly planning to write off the full amount of its $95 million investment in FTX.
Plan owned 11.9 million shares.