After a $650 Million Divorce, Tom Brady and Gisele Bündchen Are Now Stuck With Another Ongoing Legal Battle

Tom Brady and Gisele Bündchen’s divorce, while being one of the high-profile splits, also drew attention to the massive financial elements involved. The former quarterback boasted a net worth of approximately $250 million from his investments, his clothing brand, and other assets. Bündchen, the supermodel who has been the face of Rolling Stone, Time, Forbes, Vogue, Cosmopolitan, and Elle, amassed a net worth of $400 million. Together they had built a $650 Million empire. While the couple announced their split back in 2022, there has been a buzz around the massive fortune at stake.

Additionally, news broke out later on the former couple battling a legal suit as part of a significant investment in a firm that went bankrupt. It has dealt them a major blow leading to massive financial loss.

An investment that went wrong for Tom Brady and Gisele Bündchen

According to a report by the New York Times, the former couple has lost nearly $50 Million owing to their involvement in FTX, a failed cryptocurrency exchange. As part of the endorsement deal Brady signed in 2021, the former couple took an equity stake in FTX Trading Limited and both were paid in cryptocurrency. The retired NFL star was paid $30 million in FTX stock, while Bündchen received $18 million.

With the firm going bankrupt in November 2022, Brady and Bündchen were sued by a group of FTX customers seeking compensation from the former couple who endorsed the exchange. As part of the conditions of the deal, they are also required to pay taxes on some of their now-worthless FTX stocks.

Brady joined as a brand ambassador for FTX, while Bündchen was brought on board as an “environmental and social initiatives advisor” in 2021.“It’s an incredibly exciting time in the crypto-world, and Sam [Bankman-Fried, FTX CEO] and the revolutionary FTX team continue to open my eyes to the endless possibilities,” Brady stated at the time.

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The former couple were genuinely interested and curious about the crypto space which eventually led to an ugly end.

A bad blow for the former power couple

Back in 2021, Brady and Bündchen joined hands with FTX for a $20 million advertising campaign, with commercials that played during N.F.L. games. Brady also was seen sharing TikTok videos featuring the CEO, Bankman-Fried, from the headquarters of FTX. Bündchen has also attended the conferences as FTX’s head of environmental and social initiatives advisor.

With the doom, the company’s $32 billion valuation — including Mr. Brady and Ms. Bündchen’s combined $48 million shares dropped to zero. The couple had also received small stashes of  Ethereum, Bitcoin, and Solana tokens to trade on the platform, which also vanished in FTX’s bankruptcy.

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