Sharon Stone: I ‘lost half my money’ in Silicon Valley Bank collapse
Sharon Stone revealed that she lost “half” of her fortune, presumably in the Silicon Valley Bank collapse. The “Basic Instinct” star broke down in tears as she accepted the Courage Award during the Women’s Cancer Research Fund’s (WCRF) fundraiser Thursday and said it took “courage” for her to donate given the bank’s failure. “I know that thing that you have to get on and figure out how to text the money is difficult. I’m a technical idiot, but I can write a f–king check,” she said from the stage. “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.” Although Stone, 65, didn’t elaborate on the “banking thing” that caused her bank account to plunge, her emotional speech came shortly after the SVB collapse and stock market volatility. The California Department of Financial Protection and Innovation abruptly shut down SVB last week shortly after the bank disclosed it had taken a $1.8 billion hit from a $21 billion fire sale of its bond holdings. President Biden later assured Americans that the “banking system is safe.” “Your deposits will be there when you need them,” he said.
Via: Page Six
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