Gisele and Brady must lose everything they invested in FTX
The former FTX couple will keep their Miami's mansions despite a $52 million loss
Gisele Bündchen, former husband and football star Tom Brady and New England Patriots billionaire owner Robert Kraft are among the investors expected to see their FTX shares turn to dust.
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Tom, who helped promote the bankrupt crypto exchange with Gisele, owns more than 1.1 million shares of FTX Trading common stock, documents from the digital platform’s bankruptcy filing show. Bündchen owns more than 680,000 shares of the same entity.
KPC Venture Capital, affiliated with Kraft Group, owns more than 110,000 Series B preferred shares of FTX Trading, according to court documents.
The Patriots owner’s company also owns 479,000 shares of Class A common stock and 43,545 shares of Series A preferred shares of West Realm Shires, which is also part of FTX’s complex capital structure as the parent entity of the US FTX Marketplace. The value of the investments could not be immediately assessed, but is presumed to be virtually zero.
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Shareholders of bankrupt companies rarely get their money back because US law requires that creditors be repaid in priority order, and shareholders are last in line, below a company’s customers and suppliers.
“At the end of the day, we’re not going to be able to recoup all the losses,” John J. Ray III, who manages FTX’s bankruptcy estate, said last month.
In FTX today’s valuation, Tom Brady would have approximately $31 million and Gisele $21 million from FTX shares. The money got wiped out since the company filed for bankruptcy.
But the former golden couple will keep their mansions, which are opposite to each other in Miami, despite the huge financial loss.
In 2022, Gisele secretly bought an $11.5 million Miami Beach mansion directly across the creek from Tom Brady’s pad.
The supermodel splurged on a stunning five-bedroom, 6,600-square-foot home that has a nearly direct view of the Tampa Bay Buccaneers quarterback’s under-construction manse on Indian Creek Island.
Proving their troubled marriage was already doomed, Bündchen first viewed the mansion on Aug. 16, days before Brady’s shocking 11-day break from the NFL — which was said to be a last-ditch attempt to save their relationship. She closed on the property on Oct. 6.
“Gisele was actively looking at homes in Miami Beach even before Tom took his break from the NFL, which indicates that she was already done with the marriage and moving on,” a source told the press.
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