Portfolio Overview
Ownership & Control Structure
| Holding Entity | Type | Purpose |
|---|---|---|
| 199 Productions | Production company | Film and television |
| CardVault | Collectibles retailer | Sports memorabilia |
| NOBULL | Performance company | Footwear and wellness |
| Religion of Sports | Media company | Sports storytelling |
What Companies Does Tom Brady Own?
Tom Brady owns 5% of the Las Vegas Raiders, a stake unanimously approved by NFL owners on October 15, 2024. He also owns a minority interest in the Las Vegas Aces, approved by the WNBA in October 2023, and holds a minority position in Birmingham City through a partnership connected to Knighthead Capital. These are influential sports investments, but Mark Davis retains control of the Raiders and Aces, while Knighthead leads Birmingham's ownership.
Brady acquired 50% of sports-card retailer CardVault in February 2025, creating his clearest disclosed shared-control position. CardVault by Tom Brady has continued to add stores near major sports venues. In January 2024, Brady contributed TB12 and BRADY Brand into NOBULL and became the performance company's second-largest shareholder behind Mike Repole. TB12 and BRADY should therefore not be counted as separate current companies.
He controls 199 Productions and co-founded Religion of Sports with Gotham Chopra and Michael Strahan. Both remained active production businesses in 2026. Brady also has ownership exposure to Team Brady in the E1 electric-boat series and other sports ventures, but this profile avoids treating ambassador roles, Fox employment or every named investment as a controlled company.
The portfolio exchanges concentrated athlete income for stakes in leagues, brands, collectibles and intellectual property. We consider the Raiders position the largest visible asset because a 5% interest participates directly in NFL scarcity economics, although league rules restrict liquidity and Brady's broadcasting role creates conflicts. CardVault offers operating control and consumer upside, while NOBULL depends on a successful integration of three brands. Media companies preserve rights but still face project volatility.
Portfolio Analysis
Sports-team equity gives Brady exposure to assets with limited supply and powerful media-rights economics. The Raiders stake is especially significant because NFL franchises rarely trade and recent minority transactions imply substantial appreciation. That upside remains illiquid, subject to league approval and unavailable for ordinary portfolio rebalancing.
CardVault and NOBULL add operating risk. Collectibles can benefit from fandom and scarcity but suffer when speculative demand retreats. Performance apparel and wellness face inventory markdowns, crowded categories and high customer-acquisition costs. Brady's credibility is valuable, yet product economics must survive beyond championship nostalgia.
Media rights create a third return profile. 199 Productions and Religion of Sports can build libraries with limited physical capital, but commissions and renewals are uneven. A successful documentary may produce long-tail licensing; many development projects never reach production. Slate discipline and retention of rights matter more than the number of announcements.
The overall portfolio is coherent around sports, which improves access and reduces the chance of investing outside Brady's competence. It is also correlated with changes in sports media, fan spending and his own public role. We would favor recurring league economics and transferable intellectual property over businesses that require continuous founder appearances.
Business Profile
Brady's post-playing portfolio is built around sports ecosystems he understands as a participant and broadcaster. Team stakes offer long-duration appreciation from media rights, venue economics and league scarcity. Consumer ventures monetize training credibility and fandom. Production companies turn access into documentaries and entertainment rights. The pieces are related without being financially interchangeable.
NOBULL is the most important operating integration. Combining TB12's wellness products and BRADY apparel with an established footwear platform reduces duplicated overhead and can support a broader customer proposition. It also hands day-to-day control to Repole's team and makes Brady a large minority shareholder rather than sole owner. Execution will depend on inventory discipline and whether the brands can coexist without confusing customers.
CardVault sits at the intersection of retail, authentication and sports culture. A 50% interest gives Brady genuine governance influence, while stores near stadiums can use event traffic. Collectibles are cyclical, and high-value inventory ties up capital. Expansion should be judged by same-store productivity and inventory turns, not the number of openings.
The media companies provide a lighter-capital route to monetizing stories. 199 Productions can originate Brady-specific projects, while Religion of Sports operates with a broader slate and institutional investors. Rights ownership, production fees and distributor relationships create the value. We would discount projects that depend on Brady appearing on screen and reward formats that can scale across athletes and leagues.
Controlled Businesses
Companies Currently Owned or Controlled
4 held| Company | Relationship | Equity | Role | Since |
|---|---|---|---|---|
| 199 Productions | Founder controlled | N/A | Founder | 2020 |
| CardVault by Tom Brady | Shared control | N/A | 50% owner | 2025-02 |
| NOBULL | Minority ownership | N/A | Second-largest shareholder | 2024-01 |
| Religion of Sports | Founder ownership | N/A | Co-founder | 2017 |
Control & Capital Allocation Analysis
Brady has real control at 199 Productions and shared control at CardVault, while his sports-team positions are minority interests. That distinction shapes every capital-allocation decision. He can set a production slate, but he cannot direct Raiders payroll or force a team sale.
League rules impose governance constraints that ordinary private investors do not face. The NFL restricts Brady's access as a broadcaster and requires approval for ownership transfers. These rules protect competition but can reduce the information and influence normally associated with a large private investment.
NOBULL places Brady behind majority owner Mike Repole. The structure may be advantageous because Repole's operating team can integrate supply chain, retail and marketing. Brady contributes brand assets and expertise without bearing sole responsibility. His economics depend on shareholder rights and the exchange ratio used when TB12 and BRADY entered the company.
Conflict management is essential. Broadcast commentary, team ownership and commercial partnerships can overlap. Independent executives, documented recusals and clear information barriers protect both league integrity and asset value. We see governance quality as a prerequisite for any portfolio premium.
Minority Stakes, Investments & Brands
Minority Ownership Stakes
3 positions| Company | Stake | Role | Value |
|---|---|---|---|
| Las Vegas Raiders | N/A | Minority Investor | N/A |
| Las Vegas Aces | N/A | Minority Investor | N/A |
| Birmingham City | N/A | Minority Investor | N/A |
Brands, Products & Licensing
| Name | Type | Legal Owner or Relationship | Status |
|---|---|---|---|
| TB12 | Wellness brand | Contributed to NOBULL | Active inside NOBULL |
| BRADY | Apparel brand | Contributed to NOBULL | Active inside NOBULL |
Minority-Stake & Investment Analysis
Brady's team stakes resemble permanent-capital investments. Franchise scarcity, national media agreements and shared league revenue can support long-term appreciation, while distributions may remain modest relative to paper value. The Raiders' 5% interest is too illiquid to treat like a public security.
CardVault represents a concentrated growth investment with operational influence. Store expansion can build scale, but high-value inventory and lease commitments increase downside. Digital commerce, authentication trust and disciplined purchasing will determine whether the company earns more than a retail multiple.
NOBULL is a turnaround and integration thesis. Merging three brands can eliminate duplicate overhead and widen product range, yet brand architecture and inventory rationalization are difficult. The investment succeeds if customer retention rises and gross margin funds expansion without repeated outside capital.
We prefer Brady's sports-adjacent investments to unrelated venture bets because his knowledge and network are genuinely differentiated. Even so, fame cannot replace price discipline. Minority terms, capital calls and exit restrictions determine returns as much as brand recognition.
Transactions, Acquisitions & Exits
Acquisitions Led or Financed
| Acquisition | Year | Deal Value | Role | Outcome |
|---|---|---|---|---|
| N/A | N/A | N/A | N/A |
Transaction & Exit Analysis
Brady has favored contribution and combination over outright sale. TB12 and BRADY Brand entered NOBULL in exchange for a significant ownership position. This preserved upside but replaced direct control with minority governance. The deal's quality depends on valuation and preferences that were not published.
CardVault could become an acquisition candidate if it builds trusted distribution and a national footprint. A buyer would examine inventory quality, customer concentration and store economics. Naming rights tied to Brady might require continuing services after any sale, reducing the cash-equivalent value of a headline price.
Sports stakes offer scarce but constrained exit opportunities. League approval, rights of first refusal and limited buyer pools shape liquidity. A rising franchise valuation does not guarantee that Brady can sell promptly or at the same price implied by a control transaction.
Media companies can monetize project rights without selling the platform. Licensing a documentary or series creates partial liquidity while retaining the production brand. We prefer this modular approach because it allows Brady to recycle capital and preserve ownership of the most durable intellectual property.
Wealth, Income & Financial Trends
Net Worth & Sources of Wealth
Historical Financial Trends
Net Worth · Five-Year Trend
Annual Income · Five-Year Trend
Sources of Wealth
Wealth & Income Analysis
The latest $650 million estimate combines a long playing career, endorsements, broadcasting and private assets, but it is not an audited balance sheet. Forbes calculated more than $530 million of career earnings by 2023, including playing contracts and off-field income. Earnings and net worth remain different after taxes, spending and reinvestment.
The ten-year Fox agreement carries a reported $375 million headline, but compensation is earned over time and depends on contract terms. The total should not be capitalized at face value as cash already owned. Broadcasting does, however, provide predictable liquidity that can fund illiquid team and business stakes.
Raiders appreciation may have become the largest paper gain. A 5% stake participates in a multibillion-dollar franchise, yet transfer restrictions and minority discounts reduce realizable value. The Aces and Birmingham positions add further sports exposure without publicly disclosed percentages.
Brady's financial resilience comes from mixing contracted income with appreciating private assets. The risk is overconcentration in sports and consumer brands that share the same personal reputation. We would assess debt, capital commitments and after-tax distributions before accepting any precise wealth estimate.
Portfolio Development Over Time
Business Ownership Timeline
Business Trajectory Analysis
The portfolio's next value inflection should come from operating proof at NOBULL and CardVault. Brand integration, inventory turns and same-store performance are more informative than celebrity campaigns. Strong results would demonstrate that Brady can translate attention into repeat commerce.
Team ownership is likely to appreciate over a long horizon, but governance will remain limited. Brady can contribute football judgment and sponsor access without controlling the Raiders. Minority positions in Las Vegas and Birmingham broaden his learning across leagues and markets, though they also add time demands.
Media offers a path to institutional reach. 199 Productions can use Brady's access to originate projects, while Religion of Sports can build franchises unrelated to him. A larger share of revenue from third-party stories would reduce key-person dependence.
We expect the portfolio to stay concentrated around sports rather than expand indiscriminately. That discipline is a strength. The decisive test is whether experienced operators can compound value while Brady balances broadcasting, ownership and public commitments.
Frequently Asked Questions
What companies does Tom Brady own in 2026?
As of September 13, 2026, Tom Brady controlled 199 Productions, owned 50% of CardVault, was NOBULL's second-largest shareholder and co-founded Religion of Sports. He also held minority stakes in the Las Vegas Raiders, Las Vegas Aces and Birmingham City.
How much of the Las Vegas Raiders does Tom Brady own?
NFL owners unanimously approved Tom Brady's 5% Raiders stake on October 15, 2024. He and Knighthead co-founder Tom Wagner together acquired close to 10%, but Brady does not control the franchise.
Does Tom Brady still own TB12?
On January 30, 2024, Brady announced that TB12 and BRADY Brand were combining with NOBULL. He became NOBULL's second-largest shareholder, so the two brands should be treated as assets inside NOBULL rather than separate Brady-controlled companies.
How much of CardVault does Tom Brady own?
Tom Brady acquired a 50% ownership stake in CardVault on February 12, 2025. The sports-card retailer subsequently adopted the CardVault by Tom Brady name and continued opening locations near major sports venues.
When did Tom Brady buy into the Las Vegas Aces?
The Aces announced Brady's purchase on March 23, 2023, and the WNBA Board of Governors approved it on October 2, 2023. The team did not disclose his percentage or purchase price.
