Days after Fourth of July celebrations, Tom Brady and Gisele Bündchen are set to lose a large chunk of money. Over the years, the ex-power couple have been at the top of their respective fields respectively. Amassing a net worth of almost $700 million between them, the duo had together built quite a legacy. But it all came crumbling down with their foray into a completely unknown field.

The Crypto market crashed back in 2022 and what was a step to increase their wealth, backfired immensely. A new revelation suggests the extent of damage the seven-time Super Bowl champion and his supermodel ex-wife have taken in the fall.

Tom Brady & Gisele lose almost 7% of their assets

Cryptocurrency has been slowly gaining momentum ever since it broke onto the scene almost a decade ago. But the recent steam has engulfed a majority of the population as they are consumed by FOMO. Tom Brady and Gisele are, or were, two of the celebrities to have joined the crypto train. They would have hoped that the gamble will pay off but with news of bankruptcy in the air, it seems to have been a bust.

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Brady and Gisele are set to lose $30 & $18 million respectively, adding up to almost 7% of the loss in their net worth. Having invested and endorsed crypto company FTX while maintaining a high stake. Reports suggest FTX is on the verge of bankruptcy after the stocks started falling in value. The duo had banked on it heavily as they took up roles as ambassador and Head of Social Initiatives between Brady and Bundchen, respectively.

The former Patriots man’s losses won’t be limited to the plummeting valuation in FTX. As Brady and his ex-wife may be forced to pay taxes on their investment, the former Bucs man and Gisele have been named as defendants in a potential lawsuit for FTX. Multiple other celebrities join the former couple who endorsed FTX, which has caused many customers to endure losses.

FTX bankruptcy brings heat to other stars

Although the ex-Brady-Bundchen couple is the most prominent name to have been involved with FTX, there are others who held stakes and endorsed the cryptocurrency. And their endorsement has caused them to be in the class action lawsuit by FTX customers. Shaquille O’Neal, Naomi Osaka, Steph Curry are three names among others who have been implicated in the lawsuit.

Shaq and Curry have promoted the crypto during their time with FTX and for which they received equity options as compensation. The people lost their portfolios and investments because of the endorsements. Now, the lawsuits against celebrities will attract negative comments from disgruntled customers who trusted their favorite stars. But the stars themselves have been a victim of the scam despite the fury of the fans.

The loss endured by Gisele and Tom Brady will surely give them the opportunity to look back on their decision. The lawsuit adds to the problem of losing millions for the duo. As they will have to work alongside others to deal with the situation carefully.

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