Coinspeaker
Kevin O’Leary Discloses He Lost His $15M that FTX Paid Him as Spokesman
Television personality Kevin O’Leary recently said he lost the total sum of $15 million FTX paid him as a spokesman. The Canadian investor and media contributor referred to the deal as a bad investment, adding that he was influenced by “groupthink”. Additionally, O’Leary claimed that none of his investment partners lost money. Lamenting his FTX loss, O’Leary said:
“Total deal was just under $15 million, all in. I put about $9.7 million into crypto. I think that’s what I lost. I don’t know. It’s all at zero.”
O’Leary also revealed that he had more than $1 million worth of equity at FTX. However, he added that the company’s bankruptcy protection process makes this significant investment worthless. Furthermore, the former spokesperson said a combination of taxation and agent fees eroded the balance of just over $4 million.
Loss of $15 Million FTX Spokesman Deal One of Many Probl
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