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Tom Brady has always been very involved off the field. He’s got a fitness company at TB12, a production company at 199 Productions and several other brands under his belt. It has also been endorsed by quite a few different companies and products.
It should come as no surprise, then, that after his retirement, he’s moving into a major league commercial role. Previous reports indicated that the paperwork for Bardy to officially become a part-owner of the Las Vegas Raiders had been filed with the league.
Very soon, he will be partnering with Mark Davis, but why? Brady has no connection to the Raiders, but he might need something to help people forget his FTX fiasco.
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FTX collapsed with Brady as the number one endorsement man. Many athletes participated, but the NFL goats beat them all. When he fell down the toilet and everyone lost their money, he took some blame.
Many investors wanted the public faces of cryptocurrency to face punishment for the company’s missteps. Now, it looks like he’s trying to save a little face by doing something else on the business side.
Tom Brady FTX Scandal: Complete Summary of Events
Tom Brady and his then wife, Gisele Bundchen, invested in the popular cryptocurrency FTX. Not only did they invest in order to make money, they believed in it so much that the legendary quarterback ran ads for them.
Cryptocurrency has boomed as a result and a lot of people have gotten involved. However, cryptocurrencies are notoriously unstable and this currency has completely collapsed. Founder Sam Bankman-Fried lost everything and whoever invested lost all of their investment.
There was nothing left, and those who were unwittingly defrauded wanted to see those in power pay up. Numerous lawsuits and other legal troubles have been thrown at Brady and the rest of the athletes involved.
Explore Tom Brady’s net worth in 2023
Despite the tragic loss of FTX, Tom Brady’s net worth is still going strong. Most estimates have the seven-time Super Bowl winner’s net worth around $250 million. Poor people may have suffered badly from low FTX, but Brady survived.
With a massive broadcast deal with Fox on the table, Brady’s net worth may continue to grow after retiring from the NFL.
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