USA Today via Reuters
Oct 2, 2022; Tampa, Florida, USA; Tampa Bay Buccaneers quarterback Tom Brady (12) screams as he runs out onto the field prior to the game against the Kansas City Chiefs at Raymond James Stadium. Mandatory Credit: Kim Klement-USA TODAY Sports TPX IMAGES OF THE DAY | Reuters
USA Today via Reuters
Oct 2, 2022; Tampa, Florida, USA; Tampa Bay Buccaneers quarterback Tom Brady (12) screams as he runs out onto the field prior to the game against the Kansas City Chiefs at Raymond James Stadium. Mandatory Credit: Kim Klement-USA TODAY Sports TPX IMAGES OF THE DAY | Reuters
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A cryptocurrency exchange in which Brady and Bündchen had invested last year has seen a 72% drop in value. And Binance is now set to buy it out.
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Tom Brady and Gisele Bündchen investing big into FTX
June 2021 was a good time for Tom Brady. He had just won the Super Bowl for the seventh time a few months back. And it was a good time to invest in the cryptocurrency market as well. So Brady and his now ex-wife, Gisele Bündchen, signed a deal with the cryptocurrency exchange FTX that month.
It was an equity deal that made Brady the brand ambassador of the company. The deal also gave Bündchen an environmental and social initiatives adviser role in the company. And the couple attached a lot of their $600 million net worth into the investment.
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Getty
Tom Brady and Gisele Bündchen attends the 2019 Hollywood For Science Gala at Private Residence on February 21, 2019 in Los Angeles, California. (Photo by Kevin Winter/Getty Images)
Fast forward to 2022, the exchange has dropped 72% in value. The cryptocurrency market is in shambles. And crypto giant Binance is set to buy out the company in pennies over a dollar. That may see both Brady and Bündchen lose a major chunk of their net worth. Just another bad day for the NFL G.O.A.T.
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Brady’s abysmal year
2022 hasn’t been a good year for Tom Brady. In October, his wife and supermodel Gisele Bündchen finalized the divorce with the Tampa Bay Buccaneers star. They married each other in 2009.
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USA Today via Reuters
Sep 18, 2022; New Orleans, Louisiana, USA; Tampa Bay Buccaneers quarterback Tom Brady (12) puts his helmet on to go back in to face the New Orleans Saints during the second half at Caesars Superdome. Mandatory Credit: Stephen Lew-USA TODAY Sports | Reuters
Bündchen wanted Brady to spend more time with the family. Brady announced his retirement from the NFL after the 2021 season to do just that. But he quickly changed his mind and came back out of it in just over a month. He wanted to win another Super Bowl ring. That did not go down well with Bündchen.
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Even on the field, he went through the worst start to a season in his entire career. The Bucs had won just three of the eight games before he led them to a big win over the Rams. The QB even admitted that it was something he had never gone through before. And now his investment is at risk. Brady would hope the next year brings something better for him.
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