The Tom Brady FTX Deal And A Flamethrower Worth Of 650 Million
Tom Brady and his wife, Giselle Bundchen, invested in a cryptocurrency known as FTX in order to increase their combined wealth of over $650 million.
According to Sportingnews, the Buccaneers quarterback and Gisele made the investment after meeting the company’s CEO, Sam Bankman-Fried, in 2021.
Brady and Bundchen starred in advertising for the organisation, which was already struggling after rival Binance announced on Wednesday that it would not proceed with an acquisition of FTX after doing “due diligence.” FTX’s worth increased from $89 million to $1 billion in 2021.
The couple’s bitcoin investment was a sign of the times. They took advantage of the constant stream of assurances that the cryptocurrency exchange was trustworthy and secure.
They were among the first to enter the sector, initially declaring a relationship with Bankman-cryptocurrency Fried’s child in 2020, then signing an endorsement arrangement with FTX in 2021. As part of the arrangement, they received FTX shares and a signing bonus paid in cryptocurrency.
Furthermore, the agreement stated that FTX would make annual charitable gifts in the millions of dollars on behalf of Brady and Bundchen, making the offer even more appealing.
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Tom Brady FTX Deal Analysis For The $650 Million Investment
With their $650 million fortune, Tom Brady and Gisele made major investments in the FTX cryptocurrency.
FTX is a cryptocurrency based in the Bahamas that is now being traded by over a million individuals till February 2022. Similarly, FTX maintains FTX.US, a separate sale for residents of the United States.
While the two did not share the specific amount invested to the company, they did spend a significant sum.
Brady was hired as an exchange ambassador in exchange for a sum of cryptocurrency, and Bündchen functioned as FTX’s environmental and social activities advisor.
The long-term collaboration with Bankman-exchange Fried’s company, as well as their financial data, are kept confidential. Meanwhile, Blockfolio, an FTX subsidiary, is included in the package.
“They have set up their Blockfolio accounts to invest in and trade cryptocurrencies of their choice,” according to the FTX release.
The Tampa Bay Buccaneers quarterback has had a huge impact on the promotion of FTX as an ambassador, particularly with his flamethrower stunt.
In a recent Twitter promotion for the cryptocurrency exchange FTX, the seven-time Super Bowl champion quarterback used the flamethrower to melt a block of ice containing a Bitcoin.
He emphasised that mining bitcoins is not done in this manner, and they will not require a flamethrower. Tom’s innovative and clever advertising never fail to please his followers. He then performed another commercial for T-mobile, a 5G firm, which all of his fans praised.
Tom Brady’s net worth and FTX cryptocurrency
Tom Brady and Gisele Bundchen have a combined net worth of more than $650 million, with the NFL legend owning $200 million and the Brazilian beauty owning $400 million.
Their new investment in Crypto and other enterprises will undoubtedly help them make a substantial money.
Gisele has earned considerable money, but her earnings should come as no surprise. For the fifteenth year in a row, Forbes named her the highest-paid model in the world, surpassing competition such as Kendall Jenner and Gigi Hadid.
Bündchen’s multimillion-dollar contracts with companies such as Pantene, Chanel, Victoria’s Secret, and Carolina Herrera, as well as collaborations with businesses such as Arezzo shoes and SkyTV in her native Brazil, are definitely the source of her fortune.
Similarly, the Tampa Bay Buccaneers athlete has a net worth of $200 million and earns $30 million every year. Last year, he made more than $59 million from NFT.
Furthermore, Sportrac reported that Tom Brady agreed to a one-year, $15,000,000 contract with the Tampa Bay Buccaneers. It provided him an average annual income of $15,000,000 and included a guarantee of $15,000,000. As a result, Brady will earn $1,120,000 in base pay, a signing bonus of $28,880,000, a cap hit of $11,896,000, and an ultimate cap value of $47,000,000 in 2022.
Finally, the couple’s investment will have an impact on their financial situation and net worth. Despite the fact that they have yet to make their FTX investments public, the crypto industry is in bad health following the recent market drop.
Investors in FTX and FTT token holders have had a difficult week as a result of an exceptional set of events that led in rival Binance proposing to acquire the exchange. Brady was introduced to bitcoin by a billionaire business tycoon, Bankman-Fried, but his net worth has subsequently fallen by 94% to $991.5 million, dropping him off the Bloomberg Billionaires index.
2022 was a terrible year for cryptocurrency. The asset class is now worth less than a trillion dollars. It fell from an all-time high of over $3 trillion in November.
Bitcoin, which accounts for approximately 42% of the cryptocurrency sector, saw its biggest dramatic quarterly loss since 2011, with a 56% decline in the second quarter, according to crypto analytics firm Arcane Research.
Tom Brady Risks Losing His Entire Investment If FTX Collapses
After the collapse of the bitcoin exchange FTX in 2022, Tom Brady and his ex-wife Gisele Bundchen are concerned.
FTX recently had more than $6 billion in withdrawals in the 72 hours leading up to Tuesday, and the exchange’s market value dropped by 70% this week as fears about its financial stability grew.
According to Bloomberg, the company’s CEO, Sam Bankman-Fried, lost an estimated $14.6 billion overnight, or 94 percent of his net worth, as a result of FTX’s rescue agreement with competitor Binance.
In a news release at the time, Brady commented, “It’s a wonderfully exciting time in the crypto-world, and Sam and the revolutionary FTX team continue to open my eyes to the limitless possibilities.”
Childhood and Adolescence
Tom Brady was born on August 3, 1977, in San Mateo, California, as the fourth child of Thomas Brady Sr. and Galynn Patricia in a strongly devout household. His parents are of European origin, and he has three older sisters.
His sisters used to play games every other Sunday, and Tom developed a fierce competitive spirit during those Sunday afternoon battles at the Brady home. The siblings played basketball and football till the sun went down, and the sports environment at home had a significant impact on Tom’s development as an adult champion footballer.
As a child, he watched ‘San Francisco 49ers’ games avidly and was greatly affected by the raw intensity and audience cheering on show. He regards it as the defining incident that impacted his psyche and moulded him into a professional football player.
Tom was a huge fan of Joe Montana, a popular quarterback, as a kid and considers him to be one of the most influential people in his life. Brady attended a football camp where he was tutored by Tony Graziani, who eventually became a well-known quarterback.
Brady graduated from Junipero High School in 1995 and was already interested in sports and athletics. In school, he played basketball, football, and baseball and had a talent for learning, which was essential in skill-based games like football.
College Life
Brady graduated from high school in 1995 and was already well-known in junior football competitions. He notably turned down NFL possibilities in order to attend the University of Michigan.
Despite being a standout high school athlete, Brady spent the majority of his first two years at college studying and staying off the football field. He returned to the sport as a junior and started as quarterback for the college squad.
Brady completed 350 passes for 2636 yards in that season and led his team to an Orange Bowl victory in his final season at college. This achievement earned him a spot in the main leagues, and he began his professional football career the next year.
Tom Brady Net Worth
Tom Brady has amassed a net worth of approximately $250 million. As per Forbes, Brady is the 64th among the richest celebrities. He earned approximately $50 million from his latest two-year contract with the Tampa Bay Buccaneers, along with $9 million in added incentives. He earns approximately $20.3 million from his lifestyle brand TB12.
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Professional Career
Tom Brady began his professional NFL career in 2000, when he was picked in the sixth round by the New England Patriots, where he largely served as a backup and played only one game that season. However, the second season was a completely different scenario when he was given the opportunity to replace the injured starting quarterback. Brady demonstrated strength and quickness, providing the first peek of what he was capable of as a quarterback.
By the end of the season, he had emerged as a star, having led his club to win in 11 of the 14 games in which he started. Following the season, Brady led the team to a thrilling victory over the St. Louis Rams in Super Bowl 36, earning him the MVP title.
Brady did not have to wait long for his second MVP award, which came just two years later, when he led his team to a Super Bowl 38 victory over the Carolina Panthers. Brady’s Super Bowl winning streak continued in 2004, when he led the Patriots to a thrilling triumph over the Philadelphia Eagles.
Brady was signed by the Patriots for six more years and for the entire following season in 2005, when their team had a 12-4 record. The winning streak was extended with significant victories in the NFL and Super Bowls.
Brady suffered a devastating knee injury in the opening game of the 2008 season and was sidelined for over two years. He underwent multiple operations and therapies, and rumours about the end of his professional career began to circulate.
However, Brady made a strong comeback and signed a new contract with the Patriots in 2010, and in 2011, he helped his club secure a spot in that year’s Super Bowl. However, he fell short of his fans’ expectations, and his team was trounced by the Giants in a critical match by a score of 21-17.
Brady made headlines once more after leading his team to a close victory over the San Francisco 49ers. Also, Brady nearly turned the tables by rallying his team from a 28-point deficit, but they ultimately fell 41-34.
Brady experienced the most difficult period of his professional career following the 2014 season. After his team defeated the Indianapolis Colts in the AFL Championship game, the ball was discovered to be underinflated, and Brady was accused of cheating. The entire episode was repressed for a period, until it reappeared in May 2015. An investigation revealed that the ball altering occurred in Tom’s presence. As a result, Tom received a four-game suspension to begin the 2015 season. In September of that year, a federal judge dismissed the claims, noting that the suspension lacked legal grounds.
Despite going through a difficult period, Tom won his team’s berth in the Super Bowl 2016, and before the game, Tom informed reporters that he wanted to win the championship for emotional reasons relating to his mother’s condition. Brady eventually maintained his word and led the Patriots to a 34-28 victory over the Atlanta Falcons, becoming the only quarterback in NFL history to collect five Super Bowl rings.
Private Life
Aside from becoming a football champion, Tom has amassed a sizable female fan base due to his attractive appearance. In 2002, People Magazine named him one of the “50 Most Beautiful People.” In 2005, he also took on the role of a TV show presenter for ‘Saturday Night Live.’
He was in a long-term relationship with Bridget Moynahan, but they divorced in 2006. Bridget gave birth to Tom’s child following their divorce. Brady married model Gisele Bundchen in 2009 and had a son in December of that year. In 2012, Tom became a proud father to a girl.
Tom Brady has revealed that he and American President Donald Trump have been friends for more than 16 years. He supported Donald Trump’s presidential campaign and remained with him even when he faced criticism.
Awards & Honours
| Year | Awards/Honours |
| 2001, 2003, 2014, 2016, 2020 | Super Bowl MVP (all-time record) |
| 2007, 2010, 2017 | NFL MVP |
| 2007, 2010, 2017 | All-Pro First Team |
| 2005, 2016, 2021 | All-Pro Second Team |
| 2001, 2004, 2005, 2007, 2009-18, 2021 | Pro Bowl |
| 2002, 2007, 2010, 2015, 2021 | NFL Passing Touchdown Leader |
| 2010 | NFL 2000s All-decade team |
| 2020 | NFL 2010s All-decade team |
| 2005, 2021 | Sport’s Illustrated Sportsman of the Year |
| 2007 | Bert Bell Award |
| 2007 | Associated Press Male Athlete of the Year |
| 1997 | National Champion |
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