Brady & Wife investment of 600 + million in crypto currency, now down 72%

[cupofjoe1962]

Brady & his ex invested almost all their money “600+million” in an crypto currency investment “FTX Venture” that is now down 72%.

Looks like there were more problems than his comeback

I don’t understand investing all your apples into one basket.

Could Brady be playing until he is 60?
“Just a joke, but I will take him at QB in 23”.

Tom Brady and Gisele Bündchen Attached Almost Their Entire Net Worth of $600 Million Into FTX Venture That Has Now Seen a 72% Drop in Value

Tom Brady and Gisele Bündchen had invested almost their entire net worth into cryptocurrency exchange FTX. How did that payoff for the duo?

www.essentiallysports.com

 

[cupofjoe1962]

If Brady was not already divorced, today would have tilted the scale in that direction

FTX's token plunges 80% on liquidity concerns, wiping out over $2 billion in value

FTT, the native token of crypto exchange FTX, lost most of its value on Tuesday, following news that rival Binance had plans to acquire the company.

www.cnbc.com

 

[Guts]

None of my business

 

[patfanken]

Hyperbole - Look it up, because that is what we have here.

Brady AND Gisselle have amassed huge amounts of money by being VERY intelligent investors. And people who are, do NOT make public what they pay for their investments. The fact is people don't invest 'nearly all' of their assets in something as risky as crypto. I don't doubt they invested a large amount of money in FTX, but no one who has been so smart for so many years would invest more that 5-10% of their assets. Now again even 5% would be a LOT of money to us, Tens of millions in fact, but not to them

 

[IndianPat]

My guess is that Gisele and Tom invested little or no money of their own. I think Tom got paid in FTT tokens for his endorsements to the tune of some million. Gisele was named some environmental ambassador for FTX and likely received FTT. Their compensation would have been wiped out.
That said, I am sure their investment portfolio would have included crypto holdings. They jointly have half a billion to invest. A lot of athletes got into bitcoin and ethereum when they were in the 100's and low 1000's. ( based on quotes in reports from few years ago)

 

[1960Pats]

They should have put their cash in Fidelity, like we did. They would have only lost 33% since 2020.

 

[archstanton543]

Why isn't this in the Tom Brady forum?

 

[JMC00]

Gisele and Tom invested little or no money of their own.

Gisele probably didn't. But Tom, if Mephistopheles I mean Alex Guerrero pushed it on him he 100% did.

 

[Triumph]

I blame Putin.

 

[DarrylS]

Their property alone + his NFL pension + TB12 will probably not make him wanting all that much..
Brady is a lot of things, but being poor is not something I can equate with him.

 

[Family]

Hyperbole - Look it up, because that is what we have here.

Brady AND Gisselle have amassed huge amounts of money by being VERY intelligent investors. And people who are, do NOT make public what they pay for their investments. The fact is people don't invest 'nearly all' of their assets in something as risky as crypto. I don't doubt they invested a large amount of money in FTX, but no one who has been so smart for so many years would invest more that 5-10% of their assets. Now again even 5% would be a LOT of money to us, Tens of millions in fact, but not to them

I agree that they likely didn't invest their entire fortune or even close, BUT this was NOT viewed by them as just an investment. It was a business venture.

How's TB12 doing?

 

[SHOWTIME15]

Another L for Brady...wasn't he thumping his chest a while ago about working with this Sam Bankman-Fried guy? LMAO

 

[Kontradiction]

Brady and other whales should be fine. It will be the retail investors who suffer. If the following is true, the CEO of FTX should be seeing the inside of a prison soon. He was basically operating a Ponzi Scheme.

 

[Kontradiction]

This is also going to have a shockwave throughout the entire Crypto world. If you’re invested in Bitcoin or ETH, and haven’t gotten out yet, you should do so…

Bitcoin crisis live: Margin calls inevitable as FTX faces bankruptcy

Binance pulls out of FTX takeover, sending crypto prices into a freefall

www.proactiveinvestors.com

The cryptocurrency markets face a “cascade” of margin calls from the crisis befalling Sam Bankman-Fried’s crypto empire, according to JPMorgan analysts.

SBF’s crypto exchange FTX, once the second largest in the world until just this week, has effectively ceased operating following a bruising bank run.

Contagion has spread throughout the entire crypto sector, causing bitcoin’s price to crash to US$16,000.

Some analysts warn of a further crash to US$13,000, a brutal -80% down from last November’s high of US$69,000.

Billions in long-Bitcoin positions could be wiped out, leaving retail and institutional investors with big losses.

According to coinglass.com data, US$231mln worth of bitcoin liquidations has occurred in the past 24 hours.

 

[VectorPrime]

I am glad crypto is dying even if Brady is embarrassed. But I am VERY skeptical he put that much money directly into it. He obviously was a sponsor and was paid to do commercials which is likely the extent of the money that was at play here.

This still potentially means tens of millions of dollars lost don’t get me wrong. But that’s just not a life altering thing for Brady and Giselle.

 

[VectorPrime]

Gisele probably didn't. But Tom, if Mephistopheles I mean Alex Guerrero pushed it on him he 100% did.

Giselle is into wacky Wicca healing shi.t as an actual lifestyle of course she’d be into this scam too.

 

[VectorPrime]

They should have put their cash in Fidelity, like we did. They would have only lost 33% since 2020.

Mmhmm. And what is it since 2019?

 

[PatsWSB47]

Another L for Brady...wasn't he thumping his chest a while ago about working with this Sam Bankman-Fried guy? LMAO

His houses are worth more than yours and has a better job than you do and he makes more money than you do. Isn't that how you judge a person's character and relevance? By your rule you shouldn't have the right to say anything.

 

[VectorPrime]

People today complaining about their 401k Year over Year crack me up because they never seem to mention what it was two or three years ago. It’s almost like there was a gigantic unsustainable bubble that has now come back down to earth... unless of course you believe Meta should actually be worth $400 a share.

 

[Nehalem]

Doesn't he have a $350m contract with Fox?

I don't think Brady will be eating canned avocadoes anytime soon