Tom Brady is learning very quickly that he can't win all of them, and we're only talking about his current losing record in the NFL.
The former quarterback was an equity investor in the now spectacularly imploded FTX, which shocked the world this week. We can't imagine how much money Brady lost as a result of FTX's current financial situation.
Brady and Gisele Bndchen announced their partnership with the fallen giant back in June, picking up where Larry David's Super Bowl ad left off. The terms of the divorcing couple's agreement with FTX was never disclosed, but the exchange would have been worth $18 billion just a few weeks after their partnership was announced.
Brady said in a press release that Sam and the FTX team were opening his eyes to the endless possibilities. The opportunity showed us the importance of educating people about the power of digital currency while also giving back to the community.
FTX made sense if Brady and Bndchen were to use it. FTX CEO Sam Bankman-Fried, who just set the record for the most wealth lost in a single day, strategically positioned himself as Mr.Crypto Adult, pushing for regulation and realism in a chaotic, hype-driven industry
According to FTX advertisements, his vision was that of a force for good and not just a force for fun. Bndchen stated in the same press release that she and Sam share a belief that we are on this earth to save the world. It's a good thing.
Bndchen starred in a series of ads for the New Yorker. The June of this year was when the crash began. They are even more cringe-inducing now that they seem to be in poor taste.
The ad said that they shared a passion for creating positive change.
The stars with expensive ties to the exchange are not the only ones. Stephen Curry gained an equity stake in the Golden State Warriors last September, Shohei Ohtani became an equity investor and ambassador in November, and Naomi Osaka became an equity investor and ambassador in March. FTX signed a long-term deal with the Miami Heat to name their entire arena after them.
Brady and Bndchen will likely come out just fine even though they lost a lot of money. Is the power couple going to have to sell their island? It might be possible. The world's highest-paid model for 14 years in a row was the former's current one-year contract. They had a combined net worth of over $600 million.
Celebs don't become ambassadors so that the companies they represent get their money; they become ambassadors so that companies can make money off of their loyal fans. It's one thing to hawk Subway, which we totally, for sure, one hundred percent believe that Brady actually eats when he's not held hostage for promotional purposes.
Cryptocurrencies are an asset and celebrities thought it was cool to sell unstable investments to consumers like shoes or makeup or sandwiches they don't eat. Real people who buy in will be the ones who hurt the most.
After the Super Bowl ads, there were thousands of lay offs on tHe exchanges.