Tom Brady and Gisele Bundchen lost 1.7m shares in FTX collapse: Robert Kraft, Peter Thiel also hit

Tom Brady and Gisele Bundchen are among hundreds of people who have lost potentially huge sums of money following the collapse of cryptocurrency exchange FTX.

The company filed for bankruptcy in November, and its founder and CEO, 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 major shareholders was submitted to the court.

The 68-page document lists hundreds of individuals and investment firms who owned large numbers of shares in the company, which was valued at $32 billion at its September 2021 peak.

The shares were trading at $80 – now they are essentially worthless. As of Tuesday they are valued at $0.92, but in reality even that may not be disclosed to shareholders.

Tom Brady and Gisele Bundchen, pictured at the Met Gala in New York City in May 2018, have a combined 1.7 million FTX shares worth over $150 million at peak times. The former couple, who divorced in October, are unlikely to see any of the money

Bundchen can be seen on stage with FTX founder Sam Bankman-Fried at a cryptocurrency conference in the Bahamas in 2022. She was an ambassador for the company

Under US law, creditors are repaid in order of priority, and shareholders come last—among those with direct claims to a company’s assets, and among customers and suppliers.

Those who own shares include Brady and his former wife, who have starred in commercials for the company.

Brady owns more than 1.1 million shares of FTX Trading common stock, which was valued at $93 million at its peak.

Bundchen, who divorced the NFL player in October, owns more than 680,000 shares of stock in the same company that were once valued at $57 million.

It’s unclear how much the former couple lost, as it doesn’t reveal when they bought the shares – or if they bought them, or if they were gifted to them in exchange for their promotional work.

Robert Kraft, the NFL’s billionaire owner, owns more than 110,000 Series B preferred shares in FTX Trading, the company that owns its premier crypto exchange.

New England Patriots owner Robert Kraft owned shares in FTX that were once worth $53 million

Brady and Kraft are pictured together in February 2017 when Brady won the Super Bowl for Kraft’s team

Brady and Bankman-Fried are pictured together in a clip they shared on social media

His firm also owns 479,000 Class A common shares and 43,545 Series A preferred shares of West Realm Shires, the entity that owns the company’s US-based stock exchange.

In total, the roughly 630,000 shares would have been worth $53 million.

Peter Thiel, a PayPal founder and billionaire venture capitalist, owns around 300,000 shares, the documents show, which were 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 won’t be able to recoup all of the losses here,” said John J. Ray III, who is leading FTX’s restructuring last month.

Other large institutional investors include Tiger Global Management, the Ontario Teachers’ Pension Plan and Sequoia Capital.

The Ontario teachers owned 11.9 million shares, making them among the biggest losers.

The fund — one of Canada’s largest pension funds — will write off its $95 million investment in FTX entirely, they confirmed in November.

‘The financial loss from this investment will have limited impact on the plan given its size relative to our total net assets and strong financial position,’ said Ontario Teachers.

‘However, we are disappointed with the outcome of this investment, take any 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 in stock

The fund said it had invested $75 million in FTX International and its US company FTX.US in October 2021 and an additional $20 million in FTX.US in January this year, it said in 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 he regretted filing for bankruptcy and criticized regulators.

“It sucks,” he said in a Twitter thread.

“I’m really sorry that things ended the way they came.”