FTX spends $1,000,000,000 on celebrity endorsements from Tom Brady, Gisele Bundchen and more: Report

The FTX legend revolves around founder and former CEO Sam Bankman-Fried, Tom Brady, Gisele Bundchen and a long list of celebrities. Further revelations emerged as the case went to trial this month and witnesses were called to testify.

One of the witnesses was Nishad Singh, the company’s former engineering director. Singer pleaded guilty but agreed to testify as a prosecution witness.

In his testimony this week, messengerSinger said he objected to Bankman-Fried spending huge sums of money to secure endorsements from the likes of Brady, Bundchen, Steph Curry, Larry David and Shaquille O’Neal, adding that it seemed “Really toxic to FTX culture.” “

Tom Brady on the Liberty Aces basketball team

Singer added that he urged Bankman-Fried to withdraw from the deals but was told in response that the deals had been completed.

How much did FTX pay Tom Brady and Gisele Bündchen?

According to the same report, the divorced former power couple made a combined $68 million from FTX endorsements. An earlier report in The New York Times said the pair earned $48 million (Brady $30 million and Gisele Bundchen $18 million).

However, the New York Times report added that most of it was FTX stock.

The Brazilian supermodel told Vanity Fair that she was misled about the entire FTX affair.

she says:

“I was blindsided. I’m no different than anyone else who believes the hype. It’s horrible. I’m so sorry to all of us that something like this happened and I just pray that justice is served.”

Bündchen has reportedly been offered a position in environmental and social initiatives at FTX.

Has Tom Brady’s net worth taken a hit after the FTX scandal?

It’s difficult to say whether Brady’s net worth has taken a significant hit as a result of the scandal. However, if we consider the New York Times report, since most of the money is invested in FTX stock, the seven-time Super Bowl champion likely won’t take a major hit.

As things stand, Brady’s net worth will reportedly reach $300 million by 2023.

After all the moves the NFL legend has made over the past year, that number could quickly skyrocket in the coming years.

Brady has officially become a minority owner of the Las Vegas Raiders, Las Vegas Aces and English soccer club Birmingham City. The Patriots icon also signed a massive $375 million broadcast deal with Fox. His term in the broadcast room will begin in 2024.

In his Let’s Go! ” During the Monday night, Oct. 16, podcast, Brady said he has begun working on his best performance.

“I focus on the broadcast elements and spectacle of the game rather than the nuances and technical details of the game,” Brady noted.

Suryadeep Majumder

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