For the famous investors who put money into FTX who haven’t figured out the fact they can kiss away that cash forever, the person overseeing the crypto exchange’s bankruptcy has suggested they start accepting the news. That includes some household names who are out millions.
While new CEO John Ray III is working furiously to claw back as much of the $32 billion that evaporated, there is only going to get a fraction of it.
The equity investors will most likely be completely wiped out of their investment.
Tom Brady is probably the biggest name on the list. Court documents reveal he owned over 1.1 million common shares of FTX.
His former boss, Patriots owner Robert Kraft also had a lot tied up in the corrupt company. He owns over 110,000 Series B preferred shares and 479,000 common shares.
Brady’s ex-wife Gisele Bundchen saw her 686,761 shares evaporate.
“Mr. Wonderful,” Kevin O’Leary of Shark Tank owned 139,000 Series A Common shares and tens of thousands of other stock in the company. Not only is his $1 million investment gone, but so is the $10 million in crypto the company was holding for him.
Remember Anthony Scaramucci? He was famous for five minutes for working in the Trump Administration. Now he is an investor who owned 1.3 million Class A Common shares that no longer exist.
You have to think there is some serious soul-searching going on with this group, wondering how the frizzy-haired oddball Sam Bankman Fried could have talked them into getting involved.
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