Tom Brady Could Lose Millions In Latest Drama
By Jason Hall
November 9, 2022
Tampa Bay Buccaneers Tom Brady reportedly could lose millions due to his massive cryptocurrency investments, according to CoinDesk.com.
Brady and his ex-wife, Gisele Bündchen, took part in a long-term partnership with both FTX.com and FTX.US, which made Brady a brand ambassador and Bündchen an environmental and social initiatives adviser.
FTX was in discussions with investors for up to $1 billion in funding at a valuation of an estimated $32 billion in September, but has since significantly dropped and is reported to have been taken over by Binance "for pennies on the dollar," according to Coindesk.com.
Brady's net work was valued at around $250 million prior to his cryptocurrency investments, while Bündchen's was reported to be $400 million.
Brady, who launched his own NFT company in April, said he was a "big believer" in cryptocurrencies and confirmed he'd purchased digital coins during the CoinDesk Consensus 2021 forum.
Brady and Bündchen reportedly had "an ironclad prenup" prior to their marriage, which led to their quick divorce settlement last week, sources with knowledge of the situation told Page Six, on November 2.
“There was an ironclad prenup set down before they married in 2009," a source said. "They both have their own separate business entities, so the separation of their wealth wasn’t that complicated in the end. The only other major factor was dividing up their massive property portfolio.”
Sources said Brady, 47, is expected to keep the couple's $17 million Miami mansion that is currently under construction on the "billionaire's bunker" Indian Creek Island, which the former couple had purchased in 2020 and demolished.
Bündchen, 42, reportedly bought her own, three-bedroom, three-bathroom home in Miami for $1.25 million prior to their divorce, which sources said it expected to be used as an office and another larger house in the area, according to the New York Post.
Brady and Bündchen both announced their divorce in separate statements shared on their verified Instagram accounts Friday (October 28) morning.
"In recent days, my wife and I finalized our divorce from one another after 13 years of marriage," Brady wrote on his Instagram story. "We arrived at this decision amicably and with gratitude for the time we spent together. We are blessed with beautiful and wonderful children who will continue to be the center of our world in every way. We will continue to work together as parents to always ensure they receive the love and attention they deserve.
"We arrived at this decision to end our marriage after much consideration.
"Doing so is, of course, painful and difficult, like it is for many people who go through the same thing every day around the world. However we wish only the best for each other as we pursue whatever new chapters in our lives that are yet to be written
"And we kindly ask for privacy and respect as we navigate what is to come in the days and weeks ahead. Thank you."
"With much gratitude for our time together, Tom and I have amicably finalized our divorce," Bündchen wrote. "My priority has always been and will continue to be our children whom I love with all my heart. We will continue co-parenting to give them the love, care and attention they greatly deserve.
"The decision to end a marriage is never easy but we have grown apart and while it is, of course, difficult to go through something like this, I feel blessed for the time we had together and only wish the best for Tom always.
"I kindly ask that our privacy be respected during this sensitive time."
Last month, sources with direct knowledge of the situation told TMZ that Brady and Bündchen had reached a settlement to end their marriage and divorce documents would be formally filed later in the day prior to the couple's announcements.
The sources claimed both sides had come to terms on a property and custody agreement after lawyers had worked to hammer out final details.
The sources also said the divorce document, filed in Florida, would be short and terms will remain confidential.
On October 27, a source with knowledge of the situation told Us Weekly that Bündchen gave Brady an ultimatum that threatened to end their marriage and was "gone for good."
“Gisele told Tom either he leaves football to spend time with the family or she is gone for good,” the source said. “She doesn’t want him to continue to get injured and not be able to enjoy life in the future. She is doing it for her family.”
Multiple source with knowledge of the situation told Page Six, which initially reported the couple's alleged marital issues, that both Brady and Bündchen had hired divorce attorneys earlier this month.
Page Six also shared photos of a ringless Bündchen with her children in Miami, where's she's been reported to be living apart from Brady, on Wednesday (October 5).
“I never actually thought this argument would be the end of them, but it looks like it is,” one source with knowledge of the situation told Page Six. “I don’t think there will be any coming back now. They both have lawyers and are looking at what a split will entail, who gets what and what the finances will be.”
Representatives for Brady and Bündchen didn't respond to Page Six's request for comment following the report, the website said.
In September, Page Six reported the couple was going through an "epic fight" and hadn't yet reconciled despite Bündchen returning to Florida from their trip to Costa Rica.
Multiple sources claimed that the couple was involved in a series of heated arguments over Brady's recent decision to un-retire from the NFL before leaving their family compound in Tampa for Costa Rica, which coincided with the quarterback's recent absence from the Buccaneers.
In August, Brady spoke candidly while finally publicly addressing his more than 10-day absence from the Tampa Bay Buccaneers following the team's 27-10 preseason loss to the Indianapolis.
"It's all personal, you know, everyone's got different situations they're dealing with, so we all have really unique challenges to our life. I'm 45 years old, man. There's a lot of s*** going on so, you know, you've just got to try to figure out life the best you can, you know, it's a continuous process," Brady told reporters after the game via Yahoo Sports.
League sources with knowledge of the situation told Pro Football Network that Brady made a commitment to spend time with his family, primarily his wife, at an exclusive resort during his time away from the team, which was planned before his decision to return for his 23rd NFL season in March, just weeks after his initial retirement announcement.
"His commitment to family and having a personal life was at the heart of this hiatus from football, and there was no medical emergency, as speculated, or other reasons," Pro Football Network wrote, which was re-shared on Twitter by NFL reporter Dov Kleiman.
Brady returned to the Buccaneers on August 22 after initially being absent from the team since August 11.
"#Bucs QB Tom Brady is not at practice today for personal, non-football reasons," NFL Netowork's Ian Rapoport tweeted at the time.. "Coach Todd Bowles will discuss it after practice, but my understanding is he won't be present for a few days."
Rapoport added that "Brady is fine and the team is on board with his reasons for being absent," but noted that it would "be a little bit" of time before the seven-time Super Bowl champion was expected to return at the time of the initial report.
Bowles later confirmed that Brady was expected to be away from the team until after the Bucs' preseason game against the Tennessee Titans on August 20, according to Rapoport.
Brady, who turned 45 in August, announced his retirement, then un-retirement this offseason ahead of his 23rd NFL season.
Brady is the NFL's all-time passing leader for yards and touchdowns, as well as quarterback wins, among numerous other records.
The San Mateo native spent his first 20 seasons with the New England Patriots, leading the franchise to an NFL record six Super Bowl championships (tied with the Steelers), before joining the Buccaneers as a free agent in March 2020, which resulted in Tampa Bay winning its second Super Bowl in franchise history, becoming the first NFL team to win a Super Bowl in its home stadium, in February 2021.