Tom Brady, Ontario teacher pension plan among FTX meltdown losers

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The collapse of the FTX cryptocurrency exchange has cost several celebrities significant sums of money.

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The once-high-flying company filed for bankruptcy in November, and its founder and CEO Sam Bankman-Fried (who himself lost billions) is awaiting trial in New York on fraud charges, for which he pleaded not guilty. Co-founder Gary Wang reportedly lost nearly $2 billion.

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A recent 68-page document revealed in court the individuals and investment firms with the largest stakes in the company. At its peak in September 2021, FTX was valued at US$32 billion. At the time, the stock was trading at $80.

Of course, many more regular investors also lost money, just not as individually as these people.

FTX’S BIGGEST LOSER.

Tom Brady and Gisele BundchenThe NFL legend and his supermodel ex-wife have appeared in FTX commercials and held multiple shares.

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Brady owned 1.1 million common shares of FTX Trading, which were worth about $93 million at their peak, the Daily Mail reported.

Bündchen owns more than 680,000 shares, and they were worth $57 million at their peak.

That said, no one knows yet if they actually paid anything for the shares or if they were given to promote FTX.

“This is an incredibly exciting time in the crypto world, and Sam and the revolutionary FTX team continue to open my eyes to endless possibilities,” Brady said in 2021. “This particular opportunity showed us the importance of educating people about the power of crypto. while giving back to our communities and the planet. We have an opportunity to create something truly special here, and I look forward to what we can do together.”

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Brady’s agent Don Yee and a spokesman for Robert Kraft did not immediately respond to DailyMail.com’s request for comment.

Robert Kraft. Kraft owns the NFL’s New England Patriots and is a close friend of Brady’s. He’s worth more than $10 billion, so he probably doesn’t really care that his more than 600,000 shares, once valued at $53 million, are now practically worthless.

Peter Thiel. Thiel, another billionaire, is worth more than $7 billion. He founded Paypal and owned about 300,000 shares worth $25 million.

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Shohei Ohtani. Ohtani, one of baseball’s best players and a former MVP who both pitches and hits, has taken a stake in stocks, company equity and cryptocurrency as an ambassador. It’s unclear exactly what his collapse cost.

Other sports figures, such as tennis star Naomi Osaka and Jacksonville Jaguars linebacker Trevor Lawrence, have had similar deals. Steph Curry, Shaquille O’Neal and TV star Larry David also lost.

Leagues and arenas (like the home of the Miami Heat) were also affected by the collapse. The Miami arena will be renamed the Miami-Dade Arena instead of the FTX Arena for the time being.

Closer to home, Ontario’s teachers’ pension plan took a significant hit. It will reportedly exit the entirety of its $95 million investment in FTX.

The plan had 11.9 million shares outstanding.