By Kate Mcgreavy For Dailymail.Com and Reuters
03:07 08 Jul 2023, updated 03:14 08 Jul 2023
Tom Brady reportedly lost $30million in the collapse of cryptocurrency company FTX.
Under an agreement the retired NFL quarterback made with FTX in 2021, he received $30m in now-worthless stock for his work pitching the company in television ads and at its conference, The New York Times reported Friday.
The NFL legend and seven-time Super Bowl winner served as an ‘ambassador’.
In step with him at the time was his then-wife, Gisele Bundchen, who received $18m in stock, per the report.
FTX filed for bankruptcy last November. Its former CEO, Sam Bankman-Fried, is facing federal fraud-related charges.
And Brady also faces legal peril on top of the financial losses.
Both Brady and Bundchen, who officially divorced last October, are being sued by FTX investors who want repayment from celebrity endorsers.
Basketball Hall of Fame member Shaquille O’Neal also has been sued in the FTX case, as have Larry David of ‘Seinfeld’ fame, tennis player Naomi Osaka and NBA star Stephen Curry.
‘None of these defendants performed any due diligence prior to marketing these FTX products to the public,’ according to the lawsuit, obtained by the Times. It was filed in federal court in Florida.
Before the collapse of FTX, it was valued at $32billion, including $48m 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 endorsements.
Meanwhile, the former NFL quarterback did get cozy with someone at Fanatics mogul Michael Rubin’s Hamptons Fourth of July White Party last weekend – but DailyMail.com has exclusively revealed that it wasn’t Kim Kardashian.
Instead, he spent the evening glued to the side of the reality star’s friend, model Emily Ratajkowski, 32.
A well-placed source who attended the event told DailyMail.com: ‘I don’t know why there are all these rumors about Brady and Kim Kardashian – they barely interacted at all.’
The source added: ‘He actually spent the evening with Emily Ratajkowski – they were together most of the night and looked very cozy.
‘They didn’t leave together but if anyone was getting close, it was them.’
DailyMail.com has approached Ratajkowski and Brady for comment.
