Tom Brady and Giselle Bundchen own nearly 2 million FTX shares worth almost nothing after crypto exchange collapse

The billionaire owner of the New England Patriots Robert Kraft and the star quarterback of the NFL Tom Brady are among those who share the pain of the sudden explosion of the FTX Group.

Brady, a former prominent FTX booster, owns more than 1.1 million common shares in FTX Trading, the bankruptcy court said. documents show His ex-wife, supermodel Gisele Bündchen, owns more than 680,000 shares in the same entity.

Meanwhile, KPC Venture Capital LLC, an entity linked to the Kraft Group, owns more than 110,000 Series B preferred shares in FTX Trading, the entity that owns the main crypto exchange, according to court papers. The company also owns 479,000 Class A common shares and 43,545 Series A preferred shares in West Realm Shires, the unit that owns the company’s US-based exchange.

The value of the investments is not immediately known, but is believed to be almost worthless. Stockholders in bankrupt companies rarely get any of their money back because US law says creditors get paid in order of priority, and stockholders are last in line, down those who have a direct claim on the assets, customers and suppliers of a company.

“At the end of the day, we’re not going to recover all the losses here,” John J. Ray III, who oversaw FTX’s restructuring, said last month.

Representatives for Brady and the Kraft Group did not immediately respond to requests for comment.

Brady is among a group of Wall Street and Silicon Valley elites who have staked shares in FTX, including Tiger Global Management, the Ontario Teachers’ Pension Plan and Sequoia Capital, according to DOCUMENTS.

Other shareholders include trusts and entities tied to billionaire Paul Tudor Jones, the family office of Dan Och and Dan Loeb of Third Point. A trust tied to tech titan Peter Thiel is also listed.

At this time last year, FTX Trading raised $400 million, valuing the company at $32 billion and made founder Sam Bankman-Fried one of the richest men in the world. He is now scheduled to stand trial in October.

(Updates on additional shareholders starting in the eighth paragraph.)

–With assistance from Amanda Albright.

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