Tampa Bay Buccaneers quarterback Tom Brady could be set to lose an absolute fortune after crypto company FTX filed for bankruptcy - a company which Brady and wife Gisele Bundchen have an equity stake in.
FTX plummeted in value earlier with a huge collapse of the $32billion (£27bn) valued company founder by Sam Bankman-Fried. Just over a year ago, Brady and Bundchen had taken equity stakes in the company, with Brady being a brand ambassador, appearing in adverts for the crypto exchange, as Bundchen would be the company’s environmental and social initiatives adviser.
Reports suggested that Bankman-Fried lost an estimated $14.6bn (£12.3bn) - around 94 percent of his net worth - before he resigned from the company with immediate effect.
