FTX Shareholders, Including Brady, Gisele, and Patriots' Bob Kraft, Facing Wipeout

Billionaire New England Patriots owner Robert Kraft and star NFL quarterback Tom Brady are among those who have been affected by FTX Group's sudden implosion.

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Brady, who was previously a big supporter of FTX, owns more than 1.1 million common shares of FTX Trading, according to bankruptcy court documents. His ex-wife, supermodel Gisele Bündchen, has more than 680,000 shares in the same company.

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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 its main crypto exchange, according to the court papers. The firm 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.

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The value of the investments couldn't be learned immediately, but they are assumed to be practically worthless. Stockholders of bankrupt companies rarely recover any of their money because US law requires creditors to be repaid in order of priority, and stockholders are last in line, below those with direct claims on a company's assets, customers, and suppliers.

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John J. Ray III, who is handling FTX's restructuring, said last month that it is not possible to recover all of the losses. The representatives for Brady and the Kraft Group did not respond immediately to requests for comment.

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Brady is among a group of Wall Street and Silicon Valley elite who were stuck with FTX shares, according to a document. This group includes Tiger Global Management, the Ontario Teachers’ Pension Plan and Sequoia Capital.

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Other major shareholders in the company include trusts and entities associated with billionaires Paul Tudor Jones, Dan Och, and Dan Loeb of Third Point. A trust associated with tech mogul Peter Thiel is also listed.

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Around this time last year, FTX Trading raised $400 million, valuing the company at $32 billion and making founder Sam Bankman-Fried one of the world’s richest people. He is now set to face trial in October.