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Tom Brady reportedly lost over $40 million in FTX collapse scandal

Tampa Bay Buccaneers quarterback Tom Brady reportedly lost north of $40 million dollars when cryptocurrency powerhouse FTX collapsed last year.

Future NFL Hall-of-Famer Tom Brady will certainly look back on 2022 as one of the worst years of his professional and personal life. After two straight seasons where the Buccaneers were serious Super Bowl contenders and brought a title home to Tampa Bay, the team struggled mightily this season. While they ended up winning the NFC South, they did so with an 8-9 record in one of the worst divisions the NFL has seen in years.

Yet he and the team’s difficult season certainly didn’t hurt the Tom Brady rookie card market, and the most valuable cards available.

However, worse than a down season, Tom Brady is in the midst of an ugly separation from his wife of 13 years, Gisele B√ľndchen. It makes the NFL legends diminished performance in 2022-2023 understandable considering the mess his personal life has become.

Related: Tom Brady lining up potential destinations for 2023 NFL season

However, Brady’s year from hell wasn’t just tough on his professional and personal life, it also did a serious number on his bank account after the shocking collapse of FTX.

Tom Brady reportedly owned 1.1 million shares of failed crypto exchange FTX

tom brady, ftx
Credit: Brett Davis-USA TODAY Sports

In November, cryptocurrency exchange FTX filed for bankruptcy after it was discovered that the company’s founder, Sam Bankman-Fried, had used billions of dollars in customer deposits to buy expensive real estate, invested the funds in other companies, and funded cryptocurrency trading by his hedge fund Alameda Research.

Once the curtain was pulled back on Bankman-Fried’s illegal dealings, the company filed for bankruptcy and one of the biggest company’s in the crypto game collapsed. Tom Brady, as well as many other celebrities, peddled FTX products for several years in exchange for shares in the fast-growing organization. Once Bankman-Fried filed for bankruptcy, those celebs were out millions in shares and money.

On Thursday, Front Office Sports reported that official court documents revealed that the 15-time Pro Bowler owned over 1.1 million common shares. Forbes estimated earlier this year that Brady’s shares in FTX were likely worth as much as $45 million before the company fell apart.

Brady’s soon-to-be ex-wife Gisele B√ľndchen also likely took a double-digit million haircut as she also reportedly owned 686,000 shares of her own.

Tom Brady should be just fine however since he has a 10-year, $375 million television deal waiting for him from Fox if he decides to call it a career after this season.