Posted 9 days ago
Actress Sharon Stone tearfully claimed Thursday night that she lost “half” her fortune in the recent economic upheaval caused by the failure of Silicon Valley Bank and Signature Bank of New York.
Stone spoke about the financial hit she took while urging attendees to make donations to cancer research during a speech at the Women’s Cancer Research Fund’s star-studded fundraising gala in Beverly Hills.
“I know that thing that you have to get on and figure out how to text the money is difficult,” Stone said during her speech. “I’m a technical idiot, but I can write an (expletive) check. And right now, that’s courage, too, because I know what’s happening. I just lost half my money to this banking thing, and that doesn’t mean that I’m not here.”
The “Basic Instinct” star did not elaborate on her financial situation or exactly what caused her personal losses days after SVB and Signature Bank imploded in what were the second- and third-largest bank failures in US history, respectively.
The feds stepped in to guarantee all deposits held at the two banks, whether insured or otherwise, making it unlikely that the actress could have lost money tied to either firm.... (Read more)