⚡ Get All Content for 20% Off ⚡

'I Was Blindsided': Gisele Bündchen Breaks Silence on FTX Collapse The model lost an estimated $25 million in shares.

By Emily Rella

entrepreneur daily
Getty Images
Gisele Bundchen gestures during 2023 Carnival parades Rio de Janeiro, Brazil.

Gisele Bündchen and ex-husband Tom Brady were among the many celebrities and investors that suffered major financial losses among the crash of crypto exchange platform FTX in November 2022.

According to Bloomberg, the supermodel owned roughly 680,000 FTX shares before the company went defunct, equaling an estimated $25 million loss. She also worked as the environment and social initiatives head for the entire organization.

In an interview released on Wednesday, Bündchen sat down with Vanity Fair to break her silence on the ordeal.

"I was blindsided," she said. "I'm no different than everyone else that trusted the hype …It's just terrible … I'm so sorry for all of us that this happened, and I just pray that justice gets made."

RELATED: Who Is FTX Founder Sam Bankman-Fried and What Did He Do? Everything You Need to Know About the Disgraced Crypto King

Bündchen also said that she believed that FTX and her investment were a "sound and great thing" per the advice of her financial advisers and team.

Though Bündchen and Brady were married at the time of their investments (the pair also shot a number of advertisements together for the company) Brady owned almost twice as many shares of FTX — over 1.1 million — equaling an estimated $45 million.

FTX founder, Sam Bankman-Fried, is currently on trial facing 12 different charges, including money laundering conspiracy and commodities fraud conspiracy. He is pleading not guilty.

According to Celebrity Net Worth, Bündchen's net worth is an estimated $400 million.

Emily Rella

Entrepreneur Staff

Senior News Writer

Emily Rella is a Senior News Writer at Entrepreneur.com. Previously, she was an editor at Verizon Media. Her coverage spans features, business, lifestyle, tech, entertainment, and lifestyle. She is a 2015 graduate of Boston College and a Ridgefield, CT native. Find her on Twitter at @EmilyKRella.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Side Hustle

The Remote Side Hustle a 43-Year-Old Musician Works on for 1 Hour a Day Earns Nearly $3,000 a Month: 'All From the Comfort of Home'

Sam Ziegler wanted to supplement his income as a professional drummer — then his tech skills and desire to help people came together.

Leadership

Former Interrogator Shares 5 Behaviors Liars Exhibit and How to Handle Them

Five deceptive behaviors to look for and how to respond to those behaviors when you encounter them.

Marketing

Ever Wonder Why Certain Websites Rank Higher Than Yours? This SEO Expert Reveals The Secret to Dominating Search Results

It's often the smart use of SEO, now supercharged with AI, particularly in keyword optimization.

Business News

AI Is Impacting Jobs. Here Are the Gigs Affected the Most, According to an Analysis of 5 Million Upwork Postings

The researcher said in the report that freelance jobs were analyzed first because that market will likely see AI's immediate impact.

Business Ideas

55 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.