>
Tom Brady and Gisele Bundchen are among the hundreds of people who have lost potentially large sums of money following the collapse of the FTX cryptocurrency exchange.
The company filed for bankruptcy in November, and its founder and chief executive officer, Sam Bankman-Fried, is currently awaiting trial in New York City on fraud charges, to which he has pleaded not guilty.
On Monday, as part of the bankruptcy proceedings, the list of majority shareholders was filed with the court.
The 68-page document lists hundreds of individuals and investment firms that held large numbers of shares in the company, which at its peak in September 2021 was valued at $32 billion.
The shares were trading at $80, now they are practically worthless. As of Tuesday, they’re valued at $0.92, but even that can’t really be delivered to shareholders.
Tom Brady and Gisele Bundchen, pictured in May 2018 at the Met Gala in New York City, hold a combined 1.7 million shares in FTX, worth more than $150 million at their peak. The former couple, who divorced in October, are unlikely to see any of the money.
Bundchen appears onstage with FTX founder Sam Bankman-Fried in 2022 at a cryptocurrency conference in the Bahamas. She was an ambassador for the company.
Under US law, creditors are repaid in order of priority, with shareholders last in line, below those with direct rights to a company’s assets, and below customers and suppliers.
Among those who own shares are Brady and his ex-wife, who have starred in ads for the company.
Brady owns more than 1.1 million shares of FTX Trading common stock, which at its peak was worth $93 million.
Bundchen, who divorced the NFL player in October, owns more than 680,000 shares in the same entity, once valued at $57 million.
It’s unclear how much the former couple lost, as it’s not disclosed when they bought the shares, or indeed if they bought them or gave them away in exchange for their promotional work.
Robert Kraft, the billionaire owner of the NFL, owns more than 110,000 preferred shares of Series B in FTX Trading, the entity that owns his main crypto exchange.
Robert Kraft, owner of the New England Patriots, owned shares in FTX that were once worth $53 million.
Brady and Kraft appear together in February 2017, when Brady won the Super Bowl for Kraft’s team.
Brady and Bankman-Fried appear together in a clip they shared on social media.
His company also owns 479,000 shares of Class A common and 43,545 shares of Series A preferred shares in West Realm Shires, the unit that owns the company’s US stock exchange.
In total, the approximately 630,000 shares would have been worth $53 million.
Peter Thiel, founder of Paypal and billionaire venture capitalist, owns about 300,000 shares, the documents show, once valued at $25 million.
Brady and Bundchen, Kraft and Thiel have yet to comment on the losses or confirm their exposure.
“At the end of the day, we’re not going to be able to recoup all the losses here,” John J. Ray III, who is in charge of restructuring at FTX, said last month.
Other large institutional investors include Tiger Global Management, Ontario Teachers’ Pension Plan and Sequoia Capital.
Ontario teachers owned 11.9 million shares, making them the biggest losers.
The fund, one of Canada’s largest pension funds, will write down its entire $95 million investment in FTX, they confirmed in November.
“The financial loss from this investment will have a limited impact on the Plan, given its size in relation to our total net assets and our strong financial position,” Ontario Teachers said.
“However, we are disappointed with the outcome of this investment, we take all losses seriously and will use this experience to further strengthen our approach.”
Peter Thiel, venture capitalist and billionaire founder of Paypal, once owned $25 million worth of stock
The fund said it invested $75 million in FTX International and its US entity FTX.US in October 2021, and then another $20 million in FTX.US in January this year, according to a statement.
The investments were made through the Teachers’ Venture Growth (TVG) platform and represented less than 0.05% of the fund’s total net assets, the statement added.
Bankman-Fried, who gave extensive interviews before his arrest, said in November that he regretted filing for bankruptcy and criticized regulators.
“It sucks,” he said in a Twitter thread.
I’m so sorry things ended the way they did.