Tom Brady received a staggering $55 million from Sam Bankman-Fried, a disgraced cryptocurrency mogul, for just a week’s worth of work over a three-year period, as revealed by bestselling author Michael Lewis.
In an interview with CBS’ “60 Minutes,” Lewis shared insights on Bankman-Fried’s extravagant spending on endorsements from Brady, Stephen Curry, and Larry David. Bankman-Fried, who faces charges of fraud and money laundering, oversaw a $32 billion empire that collapsed due to risky bets made by his hedge fund, Alameda Research, using customer deposits.
Lewis disclosed, “He paid Tom Brady $55 million for 20 hours a year for three years.” Lewis shadowed Bankman-Fried during the tumultuous period of his company’s bankruptcy and his subsequent arrest and indictment.
According to Lewis, Brady initially reacted with sadness upon learning of Bankman-Fried’s downfall. Lewis explained, “[Brady] really liked him and he really liked the hope that he brought,” adding that the Super Bowl champion was left “crushed.” However, as time passed and Brady failed to receive a satisfactory explanation, Lewis claims that Brady now feels tricked and angry.
Lewis also revealed that Curry, the Golden State Warriors basketball superstar, received $35 million for the same amount of work. Additionally, Bankman-Fried paid actor-comedian Larry David $10 million to appear in an FTX Super Bowl commercial, which cost $25 million to produce, and even featured a cameo by Bankman-Fried’s father, Joseph Bankman.
Lewis discovered the payment details while examining internal company documents. He described the sums paid to celebrities as “breathtaking” and emphasized their significance during his interview.
No comments have been obtained from Brady, Curry, and David regarding these revelations. Bankman-Fried has chosen not to respond.
Brady, Curry, David, Jaguars quarterback Trevor Lawrence, and retired NBA star Shaquille O’Neal have all been implicated in class action lawsuits by investors seeking restitution.
Lewis stated that Brady genuinely adored Bankman-Fried, as he found him to be an interesting person with valuable insights. However, Lewis acknowledged that Bankman-Fried wasn’t particularly passionate about sports, which made their relationship intriguing to observe.
According to Lewis, Bankman-Fried was known as “the nerd of all nerds.” Lewis described him as such, emphasizing his inability to fit in even among other nerds.
Since the collapse of FTX, Bankman-Fried has become a pariah, losing connections and friendships, as noted by Lewis.
“Nobody wants to talk to him. He has no friends,” Lewis concluded.
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